How Long Does It Take to Settle an 18 Wheeler Lawsuit?
The amount of time required to settle a trucking accident case varies from case to case. There are many variables that can affect the speed of settlement.
It can take a long time to determine who is responsible for an accident. A lawyer can assist in identifying all parties responsible and help maximize the settlement.
What to Expect
The timeline for a settlement of a lawsuit involving an 18-wheeler is contingent on many factors including the liability and damages. If the parties involved in the accident are unable to come to an agreement regarding fault, this can greatly delay the process. If there is a dispute regarding the evidence or the testimony of witnesses, this could delay the proceedings.
Settlement amounts can be wildly different dependent on the severity of injuries, the insurance policy of the trucking company, and the existing state or federal regulations that govern commercial vehicles. Remember that plaintiff lawyers are paid on the basis of a contingency. This means they don’t get paid until they win a case or reach an agreement.
Because of the severe and often fatal injuries that result from semi-truck accidents it’s no surprise that these 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 has been found to be negligent.
Liability
In the United States, there are more than 100,000 accidents every year that involve 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, a reputable attorney for 18 wheeler accidents can level the playing field and negotiate with these massive insurance companies to ensure that they offer their clients the highest settlements.
The defendants in an 18 wheeler lawsuit could be held responsible for several types of damages, including economic and non-economic damages. Economic damages can include medical bills, lost wages, and future earnings. Non-economic damages could include pain and suffering, emotional distress, disfigurement or diminished quality of life.
Plaintiff attorneys who are litigating in 18 wheeler accident law firm wheeler cases are paid on a contingent basis. This means that they do not get paid until their case is resolved and they reach a settlement with their client. In the meantime, they must cover court costs, take depositions, employ experts and other specialists, travel and pay for other costs related to winning a case.
Damages
18-wheeler accidents can cause serious injuries, especially when they occur at a high speed. The effects of an 18-wheeler collision can be more severe due to its weight and size. The damages can also be greater.
In addition to medical and accident property damages that result from a collision with an 18-wheeler victims could be able to claim compensation for lost wages and the grief caused by the loss of loved ones. A personal injury lawyer can help determine the total amount you are entitled to if are suffering losses as a result of an accident involving a semi-truck.
It’s not a secret that litigation is expensive. Attorneys representing plaintiffs must pay for travel, depositions expert witnesses, and court costs. They must get the money of their clients as quick as they can. There are many ways that plaintiffs can receive their funds more quickly after a settlement. These are known as post-settlement advances, lawsuit loans, or settlement cash advances. These are a great way for injured parties to pay expenses while waiting for their settlement.
Timeline
There are a myriad of factors that affect how long it takes to settle a truck crash case. The most important factor is the severity of your injuries. It is important to wait until you have reached the point of maximum medical improvement before you settle. This is because you could be in a position to claim future losses such as lost wages and a decreased quality of life. In addition, your attorney will require evidence to prove these claims.
Another reason that could delay the process of settlement is a dispute between two parties over liability or damages. This is often the case when there are several insurance companies involved or the parties are disputing who was responsible for the accident.
A qualified truck accident attorney can assist you in determining whether the insurance company offers you an adequate amount and whether it will pay for future and current damages. If the insurance company is not willing to compromise, you may need to file a lawsuit, which can lengthen the duration of the lawsuit. In some instances, it could take up to a year or more finish the case.
Settlement
There are a variety of factors which can significantly extend the time required for an 18 wheeler lawsuit to settle. The degree of the injuries and insurance considerations are two aspects that can affect the timeline. It could take time for your doctor to provide evidence of permanent impairments that could affect your future losses. It is vital to never settle your accident claim in a hurry, as it may leave you without the money you need to recover for the full extent of your damages.
Attorneys who represent plaintiffs in 18 wheeler-related accidents work on contingency fees and don’t get paid until they win their case or reach a settlement. This means they’ve had to put aside their own money to cover court costs, travel and expert witness costs all throughout this case.
As you might imagine, this could add up quite a bit. Many 18-wheeler plaintiff lawyers utilize settlement cash advances or lawsuit loans to pay for the legal expenses they incur out of pocket. This lets them receive the funds earlier.