If you’ve been in a commercial truck accident, you may wonder how much your settlement will be. Settlements are calculated based on several factors, including the injuries’ severity, damage to the vehicle, and the other party’s negligence.
In this blog post, we’ll look at some factors that go into calculating settlements for commercial truck accidents.
The Severity Of The Injuries
One of the main factors considered in an average commercial truck accident settlement is the severity of your injuries. If you’ve suffered life-threatening or debilitating injuries, you can expect a higher settlement than if your injuries were relatively minor. The number of medical bills you’ve incurred will also be considered.
So, if you’ve racked up a significant amount of debt due to your injuries, you may be entitled to compensation for those expenses. Other factors that may be considered include lost wages and property damage. An experienced attorney can help you understand all the factors affecting your settlement and fight for the compensation you deserve.
The Amount Of Damage To The Vehicle
Another key factor that goes into calculating the average commercial truck accident settlement is the amount of damage to the vehicles involved. This figure can be affected by several factors, including the speed of the vehicles at the time of impact, the type and size of the vehicles involved, and whether or not any passengers were injured.
In general, the more damage that is done to the vehicles, the higher the settlement will be. This is because repairs can be expensive, and in some cases, replacement vehicles may be required.
The Negligence Of The Other Party
If the other driver was at fault for the accident, you could expect a higher payment than if you were at fault. In some cases, the negligent party’s insurance company may offer a fair settlement right away. However, if they do not, you may need to file a lawsuit to get the compensation you deserve. An experienced attorney can help you determine what your case is worth and how to best proceed.
The Amount Of Insurance Coverage
Another factor affecting your settlement is the amount of insurance coverage carried out by both parties. If both parties have adequate insurance coverage, you can expect a higher settlement than if one or both parties do not have sufficient insurance coverage.
The Availability Of Witnesses
Also affecting your settlement is whether or not there are witnesses to the accident who can corroborate your version of events. If witnesses can support your version of events, you can expect to receive a higher settlement than if there are no witnesses to support your version of events.
Factors That Determine The Average Commercial Truck Accident Settlement
As you can see, many factors go into calculating the average commercial truck accident settlement. Some of these include the severity of injuries, vehicle damage, negligence of other drivers, and insurance coverage. To get the best possible settlement for your claim, it’s essential to gather as much evidence as possible and speak with an experienced attorney who can help you navigate the claims process and fight for maximum compensation. Thanks for reading.