Evaluating the Value of a Settlement

What is my truck accident settlement worth? 

This is a question that we are asked often. Unfortunately there isn’t a single answer to this question as each case is different. No two accidents, truck related or other, are the same. No two injuries are the same. The exact cause of the accident may vary and therefore so can the results. Sometimes a vehicle may be totaled and a driver or passenger is killed. Other times an accident can result in minor injuries or even no injuries at all. As the accidents vary, so do the settlements. Furthermore, a car accident settlement can be very different than a commercial truck accident settlement in terms of complexity, amount, and legal issues involved.

Insurance

Truck accident claims are typically different from auto accident claims in that the insurance policies differ car accident settlementsignificantly. The Federal Motor Carrier Safety Administration (FMCSA) requires that semi-trucks carry larger minimum policies over the average car driver.

There are factors that are taken into consideration when coming up with a total value when settling a truck accident case. Some of these are:

  • Total amount of your medical bills
  • Expected future medical bills
  • Lost wages from missed work
  • Permanent impairment
  • Lost capacity to work
  • Scarring
  • Loss of companionship if the injured person is married
  • Pain and suffering
  • Loss of Enjoyment of Life
  • Property damage

Who can help me?

A personal injury lawyer who works on trucking accident cases can help you in your potential trucking accident case. Your personal injury lawyer is on your side and will take the necessary steps to advocate for you to help you obtain fair reasonable compensation for your harms and losses. Your personal injury lawyer will be there with you as you navigate through the process of filing a lawsuit against the trucking company that caused your losses. Representing yourself or hiring a lawyer who is not familiar with the complexities of car accident or truck accident cases may result in a bad or inadequate settlements.

Do Not Rush To Settle

When you are in an accident, you may want to settle your claim quickly to get it over and done with. However, you may be setting yourself up for future problems or you may not settle your case for full value under the law. Your personal injury lawyer can investigate your case, including the facts related to the accident itself as well as the harms and losses you may or are likely to experience in the future. Since the value of the case includes total amount-past, present, and future-of medical bills as well as pain and suffering, these amounts may not arise until later and therefore end up costing you significantly more. Once you settle your case and sign a release of all claims, you will not be able to come back for more compensation.

Truck or Car Accident Settlement

Whether you have been in a car accident or truck accident you need a personal injury lawyer to navigate the complexity of the law on your behalf in order to obtain a full, fair, and reasonable settlement.

The Thomas Creech Law Offices have experience with truck accident cases and can help you during this difficult time. Contact us to schedule a free consultation.