There is no average settlement amount for a semi-truck accident because every case is different. The value of an accident victim’s claim depends on several factors, including the severity of injuries, the extent of financial losses, and who is at fault for the crash. Insurance coverage and having an attorney can also make a big difference in how much money a victim gets. If you are recovering from a truck crash, our Long Island truck accident lawyers will handle the legal process so you can focus on your recovery. You can learn more during a free consultation.
Various Factors Affect a Semi Truck Accident Settlement Amount
Several important factors determine how much a semi-truck accident settlement may be worth. Understanding these factors can help you know what to expect in your case.
Severity of Injuries and Medical Costs
The extent of your injuries plays a major role in determining how much compensation you can claim after a semi truck accident. Severe injuries like spinal cord damage, traumatic brain injuries, or multiple fractures often result in higher settlements because of the long-term medical care required. Your settlement may cover:
- Emergency medical treatment
- Hospital stays and surgeries
- Rehabilitation and physical therapy
- Medications and medical devices
- Future medical expenses
Our Long Island catastrophic injury lawyers fight for victims who have suffered life-changing injuries due to negligence. We will review the injuries you have suffered and work tirelessly to secure the full compensation you need for long-term recovery.
Lost Income and Loss of Earning Capacity
If you cannot work due to your injuries, your settlement may include compensation for lost income. If your injuries prevent you from returning to your previous job or limit your ability to earn in the future, you may also receive damages for reduced earning capacity.We can collaborate with experts, including economists, to assess the financial impact of your injury and determine the full extent of your lost income.
Pain and Suffering
Beyond financial losses, a semi-truck accident can cause physical pain, emotional distress, and reduced quality of life. We consider non-economic damages like pain and suffering when determining the value of your case. These damages can be harder to calculate but are an important part of many truck accident settlements.
Liability and Fault in the Accident
Who is responsible for the crash can significantly affect your settlement amount. Semi-truck accidents often involve multiple parties, including:
- The truck driver
- The trucking company
- A cargo loading company
- The truck manufacturer
- A government entity
- Other third parties, including pedestrians
If negligence is clearly established against the trucking company or another party, it may increase the compensation you receive. However, if there is a dispute over fault in an injury-causing accident, it could complicate or delay the settlement process.
Insurance Coverage and Policy Limits
Trucking companies are required to carry higher insurance limits than standard passenger vehicles. However, even with large policies, insurance companies often try to minimize payouts. Your lawyer will negotiate with insurers to ensure you receive the compensation you are entitled to under the policy terms.
How Our Lawyers Can Handle Your Semi Truck Accident Claim
Truck accident claims are more complicated than standard car accident cases due to federal trucking regulations, corporate insurance policies, and multiple liable parties. Our truck accident attorneys will handle your case. We will:
- Investigate the crash and gather evidence.
- File legal motions to preserve critical evidence, such as surveillance footage, black box data, and driver logs, before it is lost or destroyed.
- Identify all liable parties, including those not present at the accident scene.
- Handle negotiations with insurance companies, which may try to reduce or dismiss your claim.
- Fight for full compensation in court if necessary.
How Long does It Take to Settle a Semi Truck Accident Case?
The timeline for settling a semi truck accident case varies. Some cases resolve in a matter of months, while others take years, especially if they go to trial. Factors that affect how long it takes to settle include:
- The complexity of the accident
- The severity of injuries and required medical treatment
- Whether liability is disputed
- Insurance company tactics and negotiations
While settling quickly may seem appealing, accepting an early offer may result in lower compensation than you deserve. Our experienced Long Island personal injury lawyers will work toward seeking a fair settlement for you while keeping the process moving ahead.
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Common Challenges in Semi Truck Crash Claims
Truck accident cases are often more complex than standard car accident claims. Victims may face challenges such as:
- Disputes over liability: Trucking companies and insurers may try to shift blame to avoid paying full compensation.
- Multiple liable parties: If multiple parties share responsibility for the crash, additional time may be needed to investigate and determine each party’s percentage of liability.
- Delays from insurance companies: Insurers may drag out the process or offer low settlements to minimize payouts.
Our legal team will navigate these obstacles for you and protect your rights throughout your case.
Get Help With Pursuing a Semi Truck Accident Settlement Today
Although there is no average settlement for semi-truck accidents, you can still pursue compensation based on the unique details of your case, including your injuries, financial losses, and how the accident has affected your life. At Levine And Wiss, we know how overwhelming a semi-truck accident can be and the toll it takes on your life. Our dedicated legal team fights tirelessly for accident victims across New York, pursuing the maximum compensation they deserve. With over 100 years of combined experience, we have the knowledge and resources to build your case and seek the best outcome for you. Let us handle the legal process while you focus on healing. Contact us today for a free consultation to discuss your case.
