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

The time it takes to settle a trucking accident case can vary from case to case. The length of time for settlement may be affected by several factors.

It can take an extended time to determine who is accountable for an accident. A lawyer can assist in identifying the responsible parties and maximize the settlement.

What to Expect

The time frame for settlement in a case involving an 18-wheeler is based on a variety of factors including the amount of the possibility of liability and damages. The case may be delayed if parties to the collision cannot agree on the fault. If there are disputes over the evidence or testimony of witnesses, this can also delay the case.

Based on the severity of the injuries, the size of the trucking company's insurance policy and existing state or federal regulations governing commercial vehicles settlement amounts can vary widely. Remember that plaintiff lawyers are paid on the basis of a contingency. This means that they are not paid until they are successful in a case or agree to an agreement.

Due to the serious and often catastrophic injuries that result from semi-truck accidents it's no surprise that these cases are big business for the attorneys who litigate them. In this way, it's not uncommon 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

Each year, there are nearly 100,000 accidents involving 18 wheeler accident lawyer wheelers in the United States. Many of these accidents result in serious injuries and even death. Insurance companies often underestimate the injuries and damages suffered by victims in these accidents. However, an experienced attorney for 18 wheeler accidents can even the playing field and negotiate with these massive insurance companies in order to obtain their clients the highest settlements.

The defendants in a lawsuit involving an 18-wheeler could be held responsible for various types of damages including economic and non-economic damages. Economic damages could be a result of medical bills, lost wages and future earnings. Non-economic damages can include suffering and pain as well as emotional distress, disfigurement and a diminished quality of life.

Plaintiff attorneys who handle 18 wheeler accident lawsuits wheeler cases work on a contingency fee basis, which means that they don't receive any money until they are successful and can negotiate an agreement for their client. They have to pay court costs and also hire experts, specialists, travel, and other costs associated with winning the case.

Damages

18 wheeler accidents can lead to severe injuries, particularly when they're high-speed accidents. The effects of an 18-wheeler collision is more severe because of its size and weight. This means that damages can be higher as well.

In addition to the physical and medical damages that can be caused by an 18-wheeler accident victims may also be eligible for compensation for the loss of their wages as well as the grief caused by the loss of loved ones. A personal injury lawyer can help determine the amount of compensation you can receive if you were a victim of a semi truck crash.

Litigation can be expensive. Attorneys representing plaintiffs must pay for travel expenses for depositions, travel to court, hire experts to testify, and pay for costs for court, so they must receive their clients' funds as quickly as they can. There are a variety of ways plaintiffs can receive their money more quickly after a settlement. These are known as post settlement advances or lawsuit loans. These are an excellent option for injured parties who require to pay for their expenses while waiting for their settlement.

Timeline

There are many factors that influence the time it takes to settle a truck accident case. The severity of your injuries is a major factor. You should wait until your condition has improved to the maximum before making a decision on settlement. This is because you could be eligible to claim future losses such as lost wages or a diminished quality of life. Your attorney will require evidence to prove these claims.

A dispute between the parties over the liability or damages could delay the settlement process. This is often the case when there are multiple insurance companies involved, or if the parties are disputing who is responsible for the incident.

A qualified truck accident lawyer can assist you in determining if the insurance company is offering you an appropriate amount for your case, and whether or it will cover all of your future and current losses. If the insurance company refuses to negotiate, it could be required to file a lawsuit, which could extend the duration of the case. In certain instances the case could take more than a year to settle.

Settlement

There are a variety of factors that can drastically alter the time required for an 18 wheeler lawsuit to reach a settlement. The severity of the injuries as well as insurance considerations are two factors that can impact the timeline. It can also take time for your doctor to submit documentation of permanent impairments that could affect your future losses. Don't settle an accident claim too quickly, as it could leave you without a sufficient amount to cover your full range losses.

Attorneys who represent plaintiffs in 18 wheeler accidents are paid contingency fees. They don't get paid until they succeed in their case or negotiate an agreement. They must pay for court costs and travel expenses as well as expert witness fees throughout the course of a case.

As you can imagine this can add up to a large amount. Many 18 wheeler plaintiff attorneys utilize post settlement advances (also known as lawsuit loans or settlement cash advances) to offset their legal expenses out of pocket in order to receive the money they are owed sooner.