How Long Does It Take to Settle an 18 Wheeler Lawsuit?
The amount of time required to settle a trucking crash instance can vary from case to case. The timeframe for settlement can be affected by a variety of factors.
For instance, it could take a while to determine who is liable for the accident. A lawyer can help identify all liable parties and maximize the settlement.
What to Expect
The time frame for settlement in an 18 wheeler lawsuit depends on a variety factors such as the amount of liability and damages. The case can be delayed if the parties in the collision cannot agree on the cause of the accident. If there is a dispute about the evidence or testimony of witnesses, this can delay the proceedings.
Depending on the extent of the injuries, as well as the size 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 lawyers are paid on the basis of contingency. This means that they don't get paid until they are successful in a case or agree to an agreement.
Because of the severe and often catastrophic injuries that result from semi-truck accidents, it's not surprising that these cases are big business for the lawyers who represent them. In this way, it's not uncommon to see settlements in these cases to reach millions of dollars or more. 18 wheeler accident attorney skokie is especially true when the trucking company has been deemed negligent.
Liability
Each year, there are nearly 100,000 accidents involving 18 wheelers across the United States. Many of these truck crashes result in serious injuries and even death. Insurance companies often undervalue the injuries and damages suffered by victims in these accidents. A good 18 wheeler accident lawyer can negotiate with big insurance companies and negotiate the most favorable settlement for their clients.
In an 18-wheeler lawsuit the defendants could be held responsible for non-economic and economic damages. Economic damages can include medical bills, lost wages or future earnings. Non-economic damages can include emotional distress, disfigurement or diminished quality of life.
Plaintiff attorneys who take part in 18 wheeler cases are compensated on a contingency basis. This means that they don't receive compensation until the case is settled and they agree to a settlement with their client. In the meantime, they must pay for court costs, conduct depositions, employ experts and other specialists, travel, and pay for other costs required to win a case.
Damages
18 wheeler accidents can result in serious injuries, especially if they are high-speed crashes. Due to the size and weight of these trucks, the impact may be more severe than a typical motor vehicle crash. The damage can be more severe.
In addition to the property and medical damage that could result from an 18-wheeler crash, victims can also receive compensation for lost earnings and the pain caused by the loss of loved ones. If you have experienced losses as a result of a semi-truck accident, a personal injury attorney can assist you in determining all of the compensation that you are entitled to receive.
The cost of litigation can be high. Plaintiff attorneys must pay for travel expenses for depositions, travel to court, hire expert witnesses, and pay court costs, which is why they require their clients' money as fast as they can. There are many ways for plaintiffs to get their money faster after an agreement. These are known as post settlement advances or lawsuit loans. These are an excellent way for injured parties to pay expenses while waiting on their settlement.
Timeline
There are many factors that affect the length of the time it takes to settle a case which involves trucks. One of the most important factors is the severity of your injuries. It is crucial to wait until you've reached maximum medical improvement before you settle. You may be able to claim future losses, like reduced wages or a decrease in the quality of life. Your attorney will need to provide evidence to support your claims.
Another reason that can delay the settlement process is a dispute between parties over the liability of damages or liability. This can happen when there multiple insurance companies involved or the parties disagree on who was responsible for the incident.
A qualified truck accident attorney can help you determine whether the insurance company will offer you an acceptable amount and if it will pay for future and current damages. If the insurance company is unwilling to negotiate, it could be required to file a lawsuit which could prolong the timeline for the case. In certain situations it could take a year or more to solve the issue.
Settlement
There are a few factors which can cause an extended time to settle a lawsuit involving an 18-wheeler. This is due to the severity of the injuries and the insurance implications. It can also take time for your doctor to provide evidence of permanent impairments that could impact your future losses. It is not advisable to settle an injury claim too soon as this can result in you not having enough money to cover your full range damage.
Attorneys who represent plaintiffs in 18 wheeler crashes work on contingency fees. They don't get paid until they are successful or reach a settlement. This means they have had to put aside their own money to pay for the costs of court, travel, and expert witness fees all throughout the case.
As you can imagine, this could add up to a amount. Many plaintiff attorneys who are 18-wheelers make use of settlement cash advances or lawsuit loans to cover their legal expenses out of pocket. This lets them receive the funds earlier.