How Long Does It Take to Settle an 18 Wheeler Lawsuit?
The time needed to settle a trucking crash instance can vary from case to case. The timeframe for settlement can be affected by several factors.
For instance, it might take time to establish who is accountable for the accident. A lawyer can help determine the responsible parties and maximize the settlement.
What to Expect
The timeline for a settlement in a case involving an 18-wheeler is based on a variety of factors including the amount of the amount of liability and damages. The case can be delayed if the parties involved in the collision do not agree on fault. Furthermore, if there is any disagreements about witness testimony or evidence the process could take longer time to resolve these issues.
Settlement amounts vary according to the severity of injuries and the insurance policy of the trucking firm, and the existing federal or state regulations that regulate commercial vehicles. 18 wheeler accident attorney garden grove to keep in mind that plaintiff lawyers work on a contingency fee basis, meaning that they won't get paid until they prevail or reach a settlement in the case.
It's not too surprising that semi-truck accident cases are a huge business for lawyers. Settlements often amount to millions of dollars in these cases. This is especially true when the trucking company is deemed negligent.
Liability
In the United States, there are more than 100,000 accidents every year that involve 18-wheelers. Many of these crashes result in serious injuries, or even death. Insurance companies often undervalue injuries and damages of the victims in these accidents. A reputable 18 wheeler accident lawyer can negotiate with large insurance companies to secure the best settlement for their clients.
The defendants in a lawsuit involving an 18-wheeler may be held liable for various damages, including economic and non-economic damages. Economic damages could include medical bills, wages lost and future earnings. Non-economic damages may include emotional distress, disfigurement, and diminished quality of life.
Plaintiff attorneys who handle 18 wheeler cases are paid on a contingency basis, meaning that they don't get paid until they succeed in their case and negotiate a settlement for their client. They have to pay court costs, hire experts, other specialists, travel and other costs associated in winning the case.
Damages
18-wheeler accidents can result in serious injuries, especially if they occur at a high speed. Due to the weight and size of these trucks, the impact of an accident can be more severe than a typical motor vehicle accident. The damage could be greater.
In addition to the medical and property damages that can result from a collision with an 18-wheeler victims could be able to claim compensation for the loss of wages and grief due to the loss of loved ones. If you have experienced losses as a result of a semi-truck accident, a personal injury lawyer will help you determine all of the compensation you may be entitled to receive.
The cost of litigation can be high. Attorneys representing plaintiffs must pay for things like travel, take depositions, hire expert witnesses, and cover court costs, which is why they require their clients' money as soon as possible. There are many ways that plaintiffs can receive their money quicker after settlement. These are referred to as post-settlement advances, lawsuit loans, or settlement cash advances. They are a great choice for injured parties who require to pay for their expenses while waiting for their settlement.
Timeline
There are a variety of factors that affect how long it takes to settle a truck crash case. The severity of your injuries is the primary factor. You should wait until your medical condition has improved to the maximum before making a decision on settlement. This is because you may be entitled to claim future losses, such as lost wages or a diminished quality of life, and your attorney will need evidence to prove these claims.
Another factor that can lengthen the process of settlement is a dispute between two parties regarding liability or damages. This can often happen when there are several insurance companies involved or the parties are arguing over who was responsible for the accident.
A reputable lawyer for truck accidents will help you determine if the insurance company is providing you with a fair amount for your case, and whether or it will cover all of your future and current 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 certain cases the case could take more than a year to resolve.
Settlement
There are many things that can significantly lengthen the time required for an 18 wheeler lawsuit to settle. The severity of the injuries as well as insurance considerations are two of the factors that can impact the timeline. It could take time for your doctor to provide documentation of permanent impairments that could impact your future losses. Do not settle a claim arising from an accident too quickly as it may leave you with no money to cover the full amount of damage.
Plaintiff attorneys who take on 18-wheeler accidents are compensated on a basis of contingency fees and are not paid unless they win or agree to a settlement. This means they have to pay for their own money to pay for the costs of court, travel, and expert witness expenses all during the the case.
As you might imagine, this could be quite costly. Many 18 wheeler plaintiff attorneys make use of post settlement advances (also called lawsuit loans or settlement cash advances) to pay for the legal costs they incur out of pocket so that they can get the money they are owed sooner.