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

The time it takes to settle a trucking accident situation can differ from case to case. The timeframe for settlement can be affected by a variety of factors.

It could take several months to determine who is accountable for an accident. A lawyer can help identify all the parties at fault and maximize the amount you receive.

What to Expect

The time frame for settlement of a lawsuit against an 18-wheeler depends on many factors including liability and damages. If the participants in the crash are not able to reach an agreement on their respective faults, this could delay the proceedings. If there is disagreement regarding the evidence or the testimony of witnesses, this may also delay the case.

Settlement amounts can differ greatly according to the severity of injuries, the insurance policy of the trucking firm and the state or federal regulations that regulate commercial vehicles. Remember that plaintiff attorneys are paid on a contingency basis. This means they are not paid until they win a case or reach a settlement.

It's no surprise that semi-truck accidents are a lucrative business for attorneys. Settlements can be as high as millions of dollars in these cases. This is particularly true when the trucking company is considered to be negligent.

Liability

In the United States, there are more than 100,000 accidents each year involving 18-wheelers. Many of these truck accidents result in serious injuries or death. The majority of insurance companies lowball the victims of these accidents with settlements that do not reflect the extent of their injuries and damages. However, an experienced attorney representing victims of accidents on 18 wheels can level the playing field and negotiate with these huge insurance companies to secure their clients the most lucrative settlements.

The defendants in an 18 wheeler lawsuit may be held liable for several types of damages, such as economic and non-economic damages. Economic damages can include medical bills, lost wages and future earnings. Non-economic damages can include pain and suffering, emotional distress, Vimeo disfigurement and diminished quality of life.

Plaintiff attorneys who are litigating in 18 wheeler cases are paid on a contingency basis. This means that they do not get paid until the case is settled and they reach a settlement with their client. In the meantime, they need to pay for court fees, take depositions, engage experts and other experts, travel and pay for other expenses that are associated with winning the case.

Damages

18-wheeler accidents can result in serious injuries, especially when they occur at high speeds. Due to the weight and size of these trucks, the impact can be even more devastating than a typical motor vehicle crash. The damages could also be more extensive.

In addition to the physical and medical damage that can result from the crash of an oconomowoc 18 wheeler accident lawsuit wheeler victims can also claim compensation for lost wages and the grief caused by the loss of loved ones. A personal injury lawyer can assist you to determine the full compensation you are entitled to if have suffered losses due to a semi truck crash.

It's not a secret that litigation is expensive. Plaintiff attorneys need to pay for travel expenses for depositions, travel to court, hire experts to testify, and pay for court costs, so they require their clients' money as soon as possible. There are ways for plaintiffs to get their money faster following settlement. These are called post settlement advances, lawsuit loans, or settlement cash advances. These are a great way for injured parties to cover expenses while they wait on their settlement.

Timeline

There are a myriad of factors that affect how long it takes to settle a truck crash case. The severity of your injuries is a major factor. It is crucial to wait until you have achieved your maximum medical improvement before making a decision on settlement. This is because you may be eligible to claim future losses such as lost wages and a decreased quality of life. In addition, your attorney will require evidence to support these claims.

Another reason that can delay the process of settlement is a dispute between two parties over liability or damages. This can happen when there are several insurance companies involved, or if the parties are arguing over who was responsible for the accident.

A qualified truck accident attorney can help you determine whether the insurance company will offer you an adequate amount and whether it will cover future and present damages. If the insurance company is unwilling to negotiate, it may be necessary to file a suit, which could extend the duration of the case. In some cases it could take longer than a full year to resolve.

Settlement

There are several things that can dramatically extend the time frame required for an 18 wheeler lawsuit to settle. The severity of the injuries and insurance considerations are two of the factors which can influence the length of time. It may also take a while for your doctor to provide evidence of permanent impairments that could impact your future losses. It is vital to never settle your accident claim in a hurry, as it may leave you without the money you'll need to cover the full extent of your losses.

Plaintiff attorneys who litigate 18 wheeler accidents are paid contingency fee and don't get paid until they are successful or reach an agreement. They have to pay for court costs along with travel and expert witness fees throughout the course of a case.

As you can imagine this can add up to quite a large amount. A lot of 18 wheeler plaintiff lawyers utilize post settlement advances (also known as settlement cash advances) to cover their legal expenses out of pocket to get the money they owe sooner.