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

The time it takes to settle a trucking accident case varies from case to case. There are a number of factors that could affect the speed of settlement.

For instance, it may take some time to determine who is liable for the accident. A lawyer can assist in identifying the parties responsible and maximize the settlement.

What to Expect

The time frame for settlement in a case involving an 18-wheeler is based on a variety of factors, including liability and damages. The case can be delayed if the parties involved in the collision cannot agree on the cause of the accident. Furthermore, if there is any disagreements about the evidence or witness testimony the process could take longer time to resolve these issues.

Settlement amounts can be wildly different in proportion to the severity of injuries, the insurance policy of the trucking firm and the current federal or state regulations that regulate commercial vehicles. Remember that plaintiff lawyers are paid on a contingency basis. This means they don't get paid until they are successful in a case or agree to a settlement.

Due to the serious and often fatal injuries that result from semi-truck accidents, it's not surprising that these cases are huge business for lawyers who represent them. In this way, it's not uncommon for settlements in these cases to reach millions of dollars or more. This is especially true when the trucking firm has been considered to be negligent.

Liability

Each year, there are more than 100,000 accidents involving 18 wheelers in the United States. Many of these accidents cause serious injuries and even death. In many cases, insurance companies reduce the victims of these accidents by offering settlement offers that do not reflect the full extent of their injuries and damages. However, a good 18 wheeler accident attorney can level the playing field and negotiate with these large insurance companies to secure their clients maximum settlements.

In a lawsuit involving an 18-wheeler, the defendants may be held liable for economic and noneconomic damages. Economic damages can include medical bills, lost wages and future earnings. Non-economic damages may include pain and suffering, emotional distress, disfigurement or reduced quality of life.

Plaintiff attorneys who handle 18 wheeler cases work on a contingency fee basis, which means that they don't get paid until they succeed in their case and negotiate an agreement with their client. In the meantime, they must cover court costs, take depositions, hire experts and other experts, travel and pay for other costs required to win 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 may be more severe than a typical motor vehicle accident. This means that the damages could be higher as well.

In addition to medical and property damages that may result from an 18-wheeler collision, victims may be able to claim compensation for lost wages and grief that is caused by the loss of a loved. If you have experienced losses in a semi truck accident, a personal injury lawyer can help you determine all of the compensation that you may be entitled to receive.

Legal proceedings can be costly. Attorneys representing plaintiffs have to pay for travel expenses, take depositions, hire expert witnesses, and cover costs for court, so they must receive their clients' money as fast as possible. There are several ways plaintiffs can receive their funds quicker after settlement. These are known as post settlement advances or lawsuit loans. They are a great method for injured parties to pay costs while waiting for their settlement.

Timeline

There are many factors that contribute to how long it takes to settle a truck crash case. One of the major factors is the severity of your injuries. You should wait until your medical condition has improved to the maximum before you settle. This is because you could be in a position to claim future losses such as lost wages or a diminished quality of life, and your attorney will require evidence to support these claims.

A dispute between the parties over damages or liability can also delay the settlement process. This is often the case when multiple insurance companies are involved or the parties are not able to agree on who is at fault.

A qualified truck accident attorney can help you determine whether the insurance company will offer you an adequate amount and whether it will pay for future and current damages. If the insurance company is unwilling to compromise, it could be necessary to file a suit which can extend time for the case. In certain situations it could take at least a year to solve the issue.

Settlement

There are a few things which can cause the longest time to settle a 18-wheeler lawsuit. The degree of the injuries and insurance considerations are two factors which can influence the length of time. It may also take a while for your doctor to document of permanent impairments that could affect your future losses. Do not settle an injury claim too quickly as it may leave you without money to cover your full range losses.

Plaintiff attorneys who litigate in 18-wheeler accidents are paid on a contingency basis and are not paid until they win or negotiate an agreement. They must pay for court costs, travel expenses, and expert witness fees throughout the course of the case.

As you could imagine, this can add up quite a bit. Many 18 wheeler accident lawsuits wheeler plaintiff attorneys make use of post settlement advances (also known as lawsuit loans or settlement cash advances) to offset their legal costs out-of-pocket in order to receive the money that they are owed sooner.