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

The amount of time required to settle a trucking accident instance can vary from case to case. There are many factors that affect the time frame of settlement.

For example, it can take a while to determine who is accountable for the accident. A lawyer can assist in identifying the parties responsible and maximize the settlement.

What to Expect

The timeline for a settlement in a case involving an 18-wheeler is dependent on many factors such as the liability and damages. The case could be delayed if the parties involved in the collision are not able to agree on the cause of the accident. If there is disagreement over the evidence or testimony of witnesses, this may delay the case.

Settlement amounts can be wildly different according to the severity of injuries, the insurance policy of the trucking firm, and the existing federal or state regulations that govern commercial vehicles. It's important to note that plaintiff lawyers work on a contingency fee basis, which means they don't receive compensation unless they win or reach a settlement in the case.

It's no surprise that semi-truck accident cases are a big business for attorneys. Settlements often amount to millions of dollars in these cases. This is particularly true when the trucking company has been found to be negligent.

Liability

In the United States, there are more than 100,000 accidents per year that involve 18-wheelers. A lot of these truck accidents result in serious injuries and even death. The majority of insurance companies reduce the victims of these accidents by offering settlement offers that do not reflect the extent of their injuries and the damages. However, a good 18 wheeler accident attorney can level the playing field and negotiate with these massive insurance companies in order to obtain their clients maximum settlements.

In a case involving an 18-wheeler the defendants could be held accountable for economic and noneconomic damages. Economic damages could include medical bills, lost wages, and future earnings. Non-economic losses include pain and suffering and emotional distress, disfigurement and diminished quality of living.

Plaintiff attorneys who handle 18 wheeler cases work on a contingency fee basis, meaning that they don't get paid until they are successful and can negotiate an agreement with their client. In the meantime, they need to cover court costs, take depositions, employ experts and other specialists, travel and pay for other costs related to winning a case.

Damages

18 wheeler accident lawyer-wheeler accidents could cause serious injuries, particularly if they occur at high speed. Due to the weight and size of these trucks, the impact may be even more severe than a regular motor vehicle crash. This means that the damage could be greater as well.

In addition to the medical and property damages that can be caused by the crash of an 18 wheeler victims can also claim compensation for lost income and the grief caused by the loss of a loved one. A personal injury lawyer can assist you to determine the amount of compensation you are entitled to when you have suffered losses due to a semi truck crash.

Legal proceedings can be costly. Attorneys representing plaintiffs must pay for travel expenses, take depositions, hire expert witnesses, and pay costs for court, so they need their clients' cash as soon as possible. There are a variety of ways that plaintiffs can get their money quicker after an agreement. These are referred to as post settlement advances, lawsuit loans, or settlement cash advances. These are an excellent option for those injured and need to pay for their expenses while they await their settlement.

Timeline

A variety of factors affect the length of time it takes to settle a case that involves a truck. The severity of your injuries is a major factor. It is essential to wait until you've reached your maximum level of medical improvement before settling. You could be eligible for future losses, for example, lost wages or the lower quality of living. Your attorney will need to provide evidence to support your claims.

A dispute between two parties over the liability or damages could delay the settlement process. This can happen when multiple insurance companies are involved, or the parties are not able to agree on who is responsible.

A qualified truck accident attorney will help you determine if the insurance company is willing to pay an adequate amount and whether it will cover future and present damages. If the insurance company isn't willing to negotiate, you might have to file a lawsuit that could prolong the timeline of the case. In certain instances, the case could take more than a year to resolve.

Settlement

There are several things that can drastically alter the time required for an 18-wheeler lawsuit to reach a settlement. This is due to the severity of the injuries and the insurance concerns involved. It can also take time for your doctor to submit documentation of permanent impairments that could affect your future losses. You should never settle a claim for an accident too quickly as it may leave you with no money to cover the full amount of losses.

Attorneys who represent plaintiffs in 18 wheeler-related accidents work on contingency fees. They don't get paid until they are successful or reach an agreement. They have to pay for court costs as well as travel expenses and expert witness fees throughout the process of a case.

As you could imagine, this can be quite costly. Many 18-wheeler plaintiff attorneys utilize settlement cash advances or lawsuit loans to pay for the legal expenses they incur out of pocket. This allows them to receive the funds earlier.