How Long Does It Take to Settle an 18 Wheeler Lawsuit?
The time it takes to settle a truck crash case varies from one to the next. The timeline 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 assist in identifying the parties responsible and maximize the settlement.
What to Expect
18 wheeler accident attorney lowell for settling in an 18 wheeler lawsuit is contingent on a variety of factors including the amount of the liability and damages. The case can be delayed if the parties involved in the accident cannot agree on the cause of the accident. Furthermore, if there is any disagreements over witnesses' testimony or evidence or testimony, it could take more time to resolve these issues.
Based on the severity of the injuries, the size of the trucking company's insurance policy and the existing state or federal regulations that govern commercial vehicles, settlement amounts may vary widely. It's important to remember that plaintiff attorneys work on a contingency fee basis, meaning that they don't receive compensation unless they win or reach a settlement in a case.
Because of the severe and often fatal injuries that result from accidents involving semi-trucks, it's no surprise that these cases are a huge business for the attorneys who handle them. It's unusual for settlements in these cases to be millions of dollars or more. This is especially true when the trucking company is found to be negligent.
Liability
Every year there are over 100,000 accidents involving 18 wheelers in the United States. Many of these truck accidents result in serious injuries, or even death. Most often, insurance companies make it difficult for victims of these accidents by offering settlements that do not reflect the full extent of their injuries and the damages. A good 18 wheeler accident lawyer can negotiate with big insurance companies and negotiate the most favorable settlement for their clients.
The defendants in a lawsuit involving an 18-wheeler may be held liable for various damages, such as economic and non-economic damages. Economic damages may include medical bills, lost wages and future earnings. Non-economic losses include suffering and pain and emotional distress, disfigurement, and a lower quality of life.
Attorneys who represent plaintiffs in 18 wheeler cases work on a contingency fee basis, which means they don't receive any money until they win their case and reach an agreement with their client. In the meantime, they must pay for court fees, take depositions, hire experts and other specialists, travel and pay for other expenses that are related to winning the case.
Damages
18-wheeler accidents can cause serious injuries, especially if they occur at a high speed. Due to the weight and size of these trucks, the impact could be even more severe than a normal motor vehicle crash. The damages can also be greater.
In addition to the property and medical damage that can result from an 18-wheeler crash victims may also be eligible for compensation for lost income and the grief caused by the loss of loved ones. If you have experienced losses as a result of a semi-truck accident, a personal injury lawyer can assist you in determining all of the compensation that you are entitled to receive.
It's not a secret that litigation can be costly. Attorneys representing plaintiffs must pay for depositions, travel expenses, expert witnesses, and court costs. They need the money of their clients as quick as they can. Fortunately, there are ways that plaintiffs can receive their money quicker after a settlement. These are known as post settlement advances, lawsuit loans or settlement cash advances. These are a great option for injured parties who require to pay for their expenses while waiting for their settlement.
Timeline
There are a variety of factors that contribute to how long it takes to settle a truck crash case. One major factor is the severity of your injuries. It is crucial to wait until you've reached maximum medical improvement before making a decision on settlement. You could be eligible for future losses, like reduced wages or a decrease in the quality of life. Your lawyer will have to prove your claims.
A dispute between the parties over damages or liability can also prolong the settlement process. This is often the case when multiple insurance companies are involved or the parties disagree about the fault of one party.
A reputable lawyer for truck accidents can help you determine whether the insurance company is providing you with an acceptable amount for your claim and whether or not it will be able to cover all of your future and current losses. If the insurance company is not willing to negotiate, you could need to file a suit which could extend the duration of the lawsuit. In certain cases the case may take longer than a full year to resolve.
Settlement
There are a variety of factors which can significantly extend the time frame required for an 18 wheeler lawsuit to settle. The extent of the injuries and insurance considerations are two aspects that can impact the timeline. It could take time for your doctor to provide evidence of permanent impairments that could impact your future losses. You should never settle a claim arising from an accident too quickly as it may leave you without a sufficient amount to cover your full range damages.
Attorneys who represent plaintiffs in 18 wheeler crashes work on contingency fees. They don't get paid until they succeed in their case or negotiate an agreement. They are required to pay court costs, travel expenses, and expert witness fees during the course of a case.
As you are able to imagine, this can add up quite a bit. Many 18-wheeler plaintiff lawyers utilize settlement cash advances or lawsuit loans to pay for their legal costs out of pocket. This allows them to receive the funds earlier.