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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. There are many factors that affect the timeline of settlement.

It can take some time to determine who is responsible for an accident. A lawyer can help determine all the parties responsible and maximize the settlement.

What to Expect

The timeline for a settlement in a case involving an 18-wheeler is contingent on a variety of factors including the amount of liability and damages. The case could be delayed if parties to the collision cannot reach an agreement on who is responsible. Furthermore, if there is any disagreements regarding witness testimony or evidence or testimony, it could take more time to resolve these issues.

Settlement amounts vary depending on the extent of injuries and the insurance policy of the trucking firm and the current federal or state regulations that regulate commercial vehicles. Remember that plaintiff attorneys are paid on the basis of contingency. This means they do not get paid until they succeed in winning a case or reach an agreement.

Because of the severe and often fatal injuries that result from semi-truck accidents, it's no surprise that these cases are huge business for lawyers who represent them. Settlements can often reach millions of dollars in these cases. This is especially true if the trucking firm has been found to be negligent.

Liability

In the United States, there are more than 100,000 crashes each year that involve 18-wheelers. Many of these truck accidents result in serious injuries or death. Insurance companies often underestimate the injuries and damages of victims in these accidents. However, a reputable 18 wheeler accident attorney can even the playing field and negotiate with these large insurance companies to ensure that they offer their clients the most lucrative settlements.

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

Plaintiff attorneys who litigate 18 wheeler cases work on a contingency fee basis, meaning that they don't get paid until they succeed in their case and negotiate an agreement with their client. In the meantime, they have to pay for court costs, conduct depositions and hire experts, other experts, travel and pay for other costs required to win the case.

Damages

18-wheeler accidents can cause serious injuries, particularly if they occur at a high speed. Due to the size and weight of these trucks, the impact may be even more devastating than a typical motor vehicle accident. The damages could also be more extensive.

In addition to medical and property damages that result from a 18-wheeler crash victims could also be entitled to compensation for lost wages and grief that is caused by the loss of loved ones. If you've suffered loss as a result of a semi truck accident an attorney for personal injury will help you determine all of the compensation you are entitled to receive.

The costs of litigation can be quite high. Plaintiff attorneys must pay for depositions, travel, expert witnesses and court costs. They need the money of their clients as quickly as they can. There are a variety of ways that plaintiffs can receive their money faster following settlement. These are called post settlement advances, lawsuit loans or settlement cash advances. These are an excellent way for injured parties to cover expenses while waiting on their settlement.

Timeline

There are many factors that affect the length of time required to settle an accident case that involves a truck. The severity of your injuries is a major factor. You should wait until your condition has improved to the maximum before settling. This is because you could be able to claim future losses such as lost wages and diminished quality of life, and your attorney will require evidence to prove these claims.

A dispute between two parties over the amount of liability or damages can prolong the settlement process. This can happen when multiple insurance companies are involved or the parties are not able to agree on who was at fault.

A reputable truck accident attorney can assist you in determining whether the insurance company provides you with an acceptable amount and if it will be able to cover your future and current damages. If the insurance company isn't willing to negotiate, you might need to file a suit which could extend the duration of the lawsuit. In certain instances, the case could take more than a year to resolve.

Settlement

There are a few factors that can make it take an extended time to settle a lawsuit involving an 18 wheeler accident lawyers-wheeler. This is due to the severity of the injuries and the insurance concerns involved. It can take a while for your doctor to submit documentation of permanent impairments that could impact your future losses. It is important that you never settle your claim too early, as it could leave you without the money you'll need to recuperate the full extent of your losses.

Attorneys representing plaintiffs who litigate in 18-wheeler crashes are paid on a contingent fee basis and do not get paid unless they win or reach an agreement. They are responsible for court costs as well as travel expenses and expert witness fees during the course of a case.

As you can imagine this can add up to quite a quite a lot. Many 18 wheeler plaintiff attorneys make use of post-settlement advances (also called lawsuit loans or settlement cash advances) to pay for the legal costs they incur out of pocket to be able to collect the money they're owed sooner.