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How Long Does It Take to Settle an 18 wheeler accident lawsuit Wheeler Lawsuit?
The time required to settle a trucking crash situation can differ from case to case. There are many variables that can affect the timeline of settlement.
It can take some time to determine who is responsible for an accident. A lawyer can help identify all parties responsible and help maximize the settlement.
What to Expect
The timeframe for settling of a 18-wheeler lawsuit is dependent on a variety of factors, including liability and damages. The case could be delayed if the parties in the collision are not able to agree on fault. If there is disagreement about the evidence or testimony of witnesses, this can delay the trial.
Based on the severity of the injuries, the amount of the insurance policy of the trucking company and the current state or federal regulations governing commercial vehicles settlement amounts can be wildly different. Remember that plaintiff attorneys are paid on an 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 catastrophic injuries that result from semi-truck accidents, it's no surprise that these types of cases are lucrative for the lawyers who handle them. Settlements can often reach millions of dollars in these cases. This is particularly true when the trucking company is found to be negligent.
Liability
Each year, there are nearly 100,000 accidents involving 18 wheelers in the United States. A lot of these accidents result in serious injuries and even death. Insurance companies often undervalue the injuries and damages suffered by victims in these accidents. However, a skilled 18 wheeler accident attorney can level the playing field and negotiate with these big insurance companies in order to obtain their clients the maximum settlements.
In a lawsuit involving an 18-wheeler, the defendants may be held accountable for non-economic and economic damages. Economic damages can include medical bills, lost wages, and future earnings. Non-economic damages may include suffering and pain as well as emotional distress, disfigurement, and diminished quality of living.
Plaintiff attorneys who litigate in 18 wheeler cases are compensated on a contingency basis. This means that they won't receive compensation 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 experts, travel and pay for other costs related to winning the case.
Damages
18 wheeler accidents can result in serious injuries, particularly when they're high-speed accidents. Due to the size and weight of these trucks, the impact of an accident can be even more severe than a normal motor vehicle accident. This means that the damages could be higher as well.
In addition to the physical and medical damage that could result from the crash of an 18 wheeler victims may also be eligible for compensation for lost wages and the grief caused by the loss of loved ones. A personal injury lawyer can help determine the maximum amount of compensation you are entitled to if have suffered losses as a result of the crash of a semi-truck.
It's not a secret that litigation can be expensive. Attorneys representing plaintiffs must pay for depositions, travel, expert witnesses, and court costs. They need the money of their clients as quick as they can. There are many ways that plaintiffs can get their money more quickly after a settlement. These are known as post settlement advances or lawsuit loans. These are an excellent option for those who have suffered injuries and need to pay for their expenses while waiting for their settlement.
Timeline
Many factors influence the the time it takes to settle a case that involves the truck. The severity of your injuries is the primary factor. You should wait until your condition has improved to its maximum before you settle. This is because you could be eligible to claim future losses, such as lost wages or a diminished quality of life. In addition, your attorney will need evidence to prove these claims.
Another factor that can lengthen the settlement process is a dispute between two parties over the liability of damages or liability. This can occur when multiple insurance companies are involved, or the parties disagree about the fault of one party.
A reputable truck accident attorney can assist you in determining whether the insurance company will offer you an acceptable amount and if it will cover future and present damages. If the insurance company is unwilling to negotiate, it might be required to file a lawsuit which can extend time for the case. In some instances it could take more than a year to settle.
Settlement
There are a variety of factors that can significantly lengthen the time frame required for an 18 wheeler lawsuit to reach a settlement. This includes the severity of injuries and the insurance considerations involved. It can take a while for your doctor to submit documentation of permanent impairments that could affect your future losses. Do not settle a claim for an accident too quickly, as it could result in you not having enough money to cover the full amount of damages.
Plaintiff attorneys who litigate in 18-wheeler accidents are paid on a contingent fee basis and are not paid unless they win or agree to an agreement. They are responsible for court costs as well as travel expenses and expert witness fees during the trial.
As you can imagine, this could add up to a lot. A lot of plaintiff attorneys with 18 wheels employ settlement cash advances, or lawsuit loans to offset their out-of pocket legal expenses. This allows them to get their money earlier.