Individuals who have been in a truck accident typically inquire about the settlement amount. Given the severity of your injuries, the damage to your car (or loss of it entirely), your lost income, your mental distress, and other consequences, it is reasonable to ask what amount of money you should settle for following a truck accident.
We wish we could tell you how much money you anticipate getting from your truck accident claim, but the fact is that it is case-specific. Each case is unique since no two truck accidents are ever the same. Considerations such as the amount of your losses, the party at responsibility, and other factors will determine the appropriate settlement amount.
Get Yourself A Truck Accident Attorney First
Even though they may not have the necessary knowledge, many personal injury attorneys will advertise that they accept lawsuits involving truck accidents. It is imperative that you get the services of a personal injury attorney who focuses on truck accident cases.
A lawyer who focuses on truck accident cases will know how to deal with the insurers and everyone else involved. Additionally, they will know the substantial financial losses often accompanying truck accidents and can appropriately represent these expenses in your claim.
Factors To Consider In Settlement
Insurance Companies
In the aftermath of a truck accident, numerous insurance companies may get involved with the case. There will be insurance for the trucking firm, the driver, and maybe even the vehicle itself. The personal injury claim procedure might get more intricate, and this could affect the amount you can settle for.
Fault of Parties Involved
In most states, the party at fault in a truck accident in Georgia must pay for the damages. Typically, one driver is to blame in most car accidents, so this becomes clear quickly. Truck accidents, however, are not always the same.
As a rule, more than one person is involved in a truck collision. You were involved in an accident with the truck driver, but there’s a chance you’re also interacting with their employer. For example, a manufacturer or repair shop may be partially at fault for an accident if they were careless.
Total Damages
The overall worth of your losses is a major factor in determining how much you should settle for. It encompasses both specific and generic harms.
Potential injuries sustained in a truck collision include the costs associated with medical care, medications prescribed by a doctor, expenses for healthcare in the future, earnings that have been lost, the expense of fixing or replacing a vehicle, loss of life, deformity, terror, shame, and worry are all examples of pain and suffering damages.
You and your attorney for truck accident compensation should think about how the accident has changed your life in every aspect. Expenses like this could keep piling up even after your lawsuit has been resolved. Victims of truck accidents typically face enormous financial burdens due to extensive medical costs and other charges. Suppose you’ve been in an accident involving a truck. In that case, you should estimate your overall losses thoroughly before submitting a claim since the amount you should settle for is often significantly more than in other kinds of accidents.
Risks of Putting Off Hiring an Attorney After a Truck Accident
Putting off hiring an attorney after a vehicle accident may have serious consequences. If you put off getting legal representation for too long, you run the risk of:
- You might not be able to get the money you need if you wait too long to bring your case. Wrongful death and personal injury cases are both subject to statutes of limitations.
- If you lose this crucial piece of evidence, your case might be lost. Witness statements, video footage, and other relevant evidence could disappear or become unusable over time. Consequently, your case may suffer if your lawyer cannot access relevant material.
- You could have to pay for your truck accident damages out of pocket if you can’t get a reasonable settlement via the legal system. Having to pay for a vehicle accident out of your own money may be very ruinous.
- Psychological distress owing to financial strain is a real possibility if you are unable to get the compensation you are entitled to and must pay for your truck accident damages out of pocket.
Get A Reliable Truck Accident Attorney
Although it may be difficult to think of getting a lawyer in the days and weeks after a vehicle accident, you should never put off doing so. Find a reputable legal company like Hotz and Associates and our exceptional Knoxville truck accident attorneys to handle your claim immediately.
You need to get a legal evaluation if you need medical treatment as a result of the injury. There is no risk in contacting an attorney now for a free case review.
