What is the Average Semi-Truck Settlement?
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Many people do not know what to do after a truck accident. Often people are dealing with the stress of unpaid bills and missing work while they are recovering. Truck accident settlement funds can help restore your life after a negligent trucking company robbed you of what matters most to you.
It is normal to feel apprehensive about pursuing funds. Some people want to know the minimum truck settlement to decide if it is worth their time. Unfortunately, settlement figures are not publically available. This is partially because each trucking accident is unique, and there is no minimum truck settlement. However, having a baseline idea of your damages may be helpful if you are considering pursuing justice.
There are no clear-cut scenarios for trucking accidents, and each one is different. However, if you want results, your best chance is to hire a lawyer with an established track record for fighting for their clients. Farah & Farah has helped victims of truck accidents recover millions.
Trucking accidents cause carnage and emotional upheaval. No amount of financial recovery can begin to make up for your losses, but it can put you on a brighter path.
The amount for a semi-truck accident settlement depends on the circumstances surrounding the accident. First off, you will calculate the total cost of economic damages. Economic damages include any losses with monetary value such as property damage, lost earnings, cost of medical treatment, and vehicle repair. Economic damages include transportation to your doctor and compensation for your future loss of work.
Next, you will need to account for non-economic damages. These are intangible damages like emotional or physical suffering. Intangible damages also include changes in physical appearance and the loss of a loved one. Due to the nature of these topics, they can be difficult to determine on your own.
Understanding the true value of a truck accident settlement means knowing what types of damages are available for recovery.
Here are some of the economic and non-economic damages you can petition for during your settlement:
Truck accidents are some of the most deadly accidents on the road. Most people need ample time to recover after their incident. While most people know they can petition for their medical bills, many do not know that you can petition for home care services, wheelchair, wheelchair ramps, and their lifelong medical bills.
Hardly anyone has a truck accident that doesn’t result in substantial physical or mental suffering. A truck accident can compromise your way of life and force you to give up things that once gave you joy. On top of physical changes, many people experience emotional shifts. Most insurance policies don’t factor in funds for your pain and suffering. You may need a lawyer to get the full recovery you are owed.
You will likely need to take time off from work after a truck accident. Serious injuries may require you to work less or give up your job altogether. Many people face the grim reality of not working and having no income to supplement their medical expenses and cost of living. A skilled lawyer can help you claim these damages and even make up the cost of a diminished earning capacity.
Your car will likely incur significant damage after a tractor-trailer accident. You can claim your cost of property damage if your vehicle is totaled. If your vehicle has not been totaled, you can claim the cost of your repairs.
Punitive damages are brought against negligent trucking companies. If your accident resulted from reckless behavior by the trucking drivers or their company — such as ignoring drive time limits, not inspecting their equipment, or hiring unqualified drivers — then you may be able to pursue punitive damages. While punitive damages can be substantial, they are difficult to prove, and it is rare to see them.
Nothing in the world can make up for the untimely loss of a loved one. Wrongful death claims provide compensation for the overall loss of companionship and funeral expenses. Surviving family members have a right to petition for a wrongful death claim.
Your case value may shift as a result of who was at fault for the accident. Liability laws change from state to state. Depending on the accident, there may be many liable parties for a trucking accident.
Regardless of liability, the insurance company may try to lowball your settlement. You will need to fight to get a fair settlement. Having an attorney on your side can improve the outcome of your truck accident settlement.
All in all, the best way to find your path forward is by hiring a lawyer. A lawyer with a proven record for fighting for their clients can help you clear any hurdle between you and justice.
At Farah & Farah, our trucking accident attorneys help you:
Insurance companies are a business. It’s not uncommon for them to undermine you, bully you, and poke holes in your story. They may even try to point the blame back at you for your accident.
These underhanded tactics are done to manipulate you into settling for less than you deserve. Unfortunately, they can be persuasive and you may start to believe their lies. Rest assured: these people do not have your best interests at heart.
We think people deserve more than the average truck settlement provides.
The attorneys at Farah & Farah have an unmatched track record of fighting and winning above-average truck accident settlements. Our truck accident attorneys are passionate about helping people. That’s why we argue all of our cases on a contingency fee basis. You won’t owe us a cent unless we win your case.
For over 40 years people across Florida and Georgia have trusted Farah & Farah with their recovery. Get your free, no-obligation case review now. We are always ready to help 24/7 over the phone at (866) 720-3775.