How Long Does It Take to Settle an 18 Wheeler Lawsuit?

The time needed to settle a trucking accident instance can vary from case to case. There are a number of variables that can affect the timeline of settlement.

It could take a long time to determine who is accountable for an accident. A lawyer can assist in identifying the responsible parties and maximize the settlement.

What to Expect

The time frame for settlement in an 18 wheeler lawsuit is contingent on a variety of factors which include the possibility of liability and damages. The case may be delayed if the parties in the collision cannot reach an agreement on who is responsible. If there is a dispute regarding the evidence or the testimony of witnesses, this may also delay the case.

Based on the severity of the injuries, the scope of the trucking company's insurance policy and existing state or federal regulations that govern commercial vehicles, settlement amounts can differ widely. Keep in mind that plaintiff attorneys are paid on an on a contingency basis. This means that they do not get paid until they win a case or reach a settlement.

Due to the serious and often catastrophic injuries that can result from accidents involving semi-trucks, it's no surprise that these types of cases are huge business for attorneys who litigate them. Settlements can reach millions of dollars in these cases. This is particularly true when the trucking company is declared to be negligent.

Liability

In the United States, there are more than 100,000 accidents every year involving 18-wheelers. A lot of these accidents result in serious injuries or death. Insurance companies often undervalue injuries and damages suffered by victims in these accidents. However, an experienced attorney for 18 wheeler accidents can even the playing field and negotiate with these large insurance companies in order to obtain their clients the highest settlements.

In a lawsuit brought against an 18-wheeler, the defendants may be held responsible for non-economic and economic damages. Economic damages can include medical bills, lost wages and future earnings. Non-economic damages can include pain and suffering as well as emotional distress, disfigurement and diminished quality of living.

Plaintiff attorneys who litigate in 18 wheeler cases are compensated on a contingency basis. This means that they won't get paid until their case is resolved and they negotiate a settlement with their client. In the meantime, they need to pay court costs, attend depositions and hire experts, other experts, travel and pay for other expenses associated with winning the case.

Damages

18 wheeler accidents can cause severe injuries, especially in high-speed collisions. Due to the weight and size of these trucks, the impact may be even more devastating than a typical motor vehicle accident. This means that the damage could be higher as well.

In addition to the medical and property damages that may result from an 18-wheeler collision, victims may be able to claim compensation for the loss of earnings and grief due to the loss of loved ones. If you've suffered losses from a semi truck accident, a personal injury attorney can help you determine the amount of the compensation that you are entitled to receive.

The cost of litigation can be high. Attorneys representing plaintiffs have to pay for depositions, travel expenses, expert witnesses and court costs. They need the money of their clients as fast as possible. There are ways that plaintiffs can receive their money quicker after the settlement. These are referred to as post settlement advances or lawsuit loans. They are a great option for injured parties to cover costs while waiting for their settlement.

Timeline

There are a myriad of elements that determine the time it takes to settle a truck crash case. The severity of your injuries is a significant factor. It is crucial to wait until you have achieved your maximum medical improvement before making a decision on settlement. You may be able claim future losses, like lost wages or the lower quality of living. Your lawyer will have to provide evidence to support your claims.

A dispute between the parties regarding the amount of liability or damages can prolong the settlement process. This could happen when several insurance companies are involved or the parties are not able to agree on who was at fault.

A reputable lawyer for truck accidents can assist you in determining if the insurance company is offering you an appropriate amount for your claim and whether or the insurance company will cover all of your current and future losses. If the insurance company is not willing to compromise, you may have to file a lawsuit, which can lengthen the timeline of the case. In some instances, the case could take longer than a year to resolve.

Settlement

There are many factors that can drastically alter the timeline it takes for an 18 wheeler accident lawsuits wheeler lawsuit to reach a settlement. This is due to the severity of the injuries and the insurance implications. It may also take a while for your doctor to document of permanent impairments that could affect your future losses. Do not settle an accident claim too quickly as it may leave you without a sufficient amount to cover your full range losses.

Plaintiff attorneys who handle 18 wheeler crashes work on contingency fees. They don't get paid until they succeed in their case or negotiate a settlement. This means they have had to spend their own money to cover the costs of court, travel, and expert witness expenses throughout this case.

As you can imagine this could add up to a amount. A lot of 18 wheeler plaintiff lawyers use post settlement advances (also called settlement cash advances) to offset their out-of-pocket legal expenses to be able to collect the money they owe sooner.