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Factors That Affect the Value of Your Truck Accident Settlement The worth of a truck accident settlement is contingent upon a variety of factors These include the severity of your injuries how much medical expenses will be and how bad your vehicle was damaged To get the best settlement you need to work with a New York truck accident attorney who has experience In this article we will examine how these settlement amounts are determined Damages A truck accident could cause lifechanging and serious injuries Truck accident victims are entitled to financial compensation for their injuries These expenses can include medical expenses lost income property damage and much more In addition to monetary damages victims of accidents involving trucks can also receive noneconomic damages like pain and suffering These awards are intended to compensate the victim for physical as well as mental stress theyve experienced A victim of a car accident may also be entitled to compensation for damages in the form of money caused by the accident This is due to the negligence of the party responsible for the accident Negligence is defined as the inability to use reasonable care on the road or to comply with traffic laws If the actions of the driver who is at fault are considered to be particularly grave the jury in your case may decide to award punitive damages which can increase your overall award amount To get the most money for your claim can take time It is essential to consult with a New York attorney as soon as you are able to Our lawyers will review your case and prepare a strong argument for why you deserve to get the amount of compensation you require If you do not file your lawsuit you could not file by the deadline and forfeit your right to a fair settlement Another aspect that could affect how long it takes to settle your truck accident lawsuit is the duration of your medical treatment If you require extensive medical treatment for your injuries it can significantly delay the process of settling your case It is always best to complete your medical treatment prior to accepting an insurance settlement as this can prevent you from having to pay for further treatments out of pocket Truck accidents can be more devastating than other motor collisions because of their weight and size This is especially true if the truck is transporting dangerous substances like gas or chemicals These substances can cause lifechanging injuries and even death to passengers in passenger vehicles when they leak or explode In cases of fatal truck accidents survivors of the victim can receive the compensation due to wrongful death to cover for the cost of funeral and burial expenses as along with loss of earning potential as well as loss of benefits and health insurance coverage Family members of a deceased victim may also seek punitive damages to punish the atfault party responsible for their heinous actions and prevent others from committing similar acts It is important to seek legal advice as quickly as possible if youve been injured in an accident involving commercial vehicles Davis Saperstein Salomon PC has decades of experience representing clients in personal injuries cases involving large trucks Contact us today to schedule an appointment with a lawyer regarding your possible claim Medical bills Accidents involving trucks often cause serious injuries that require medical treatment This means that accident victims may end up with large medical bills that they cannot afford to pay This is especially true when the injuries are lifechanging such as paralysis or amputations Fortunately a truck crash settlement can help If avondale truck wreck lawyer is successful the victims could get their health insurance reimbursed by the insurer of the driver who was at fault and also receiving compensation for other unexpected expenses Medical expenses are typically the largest part of a settlement for a truck accident however it isnt the only factor that affects the final amount The severity of the injury is also a important aspect because the more serious the injuries more severe the injuries the greater the settlement amount The victims current and future medical expenses are also taken into consideration along with the loss of their earning potential In some instances the injuries are so severe that the victim is unable to fully recover They will require regular medical attention A successful lawsuit can take several months to a few years to settle since the parties conduct thorough investigations and keep bouncing back and forth with settlement offers Settlements could be beneficial for victims as it is a confidential and quick way to resolve a case without having to appear in court Its also a great option for the defendant since it will protect their reputation and shield them from public scrutiny Anyone who is injured is likely to be burdened with medical bills lost income damage to property as well as other losses The main purpose of a suit is to make victims compensated for their losses and restore them back to the condition they were before the accident It is therefore crucial to hire a skilled and knowledgeable lawyer for truck accidents The amount of money that the victim has lost because of their accident is a major factor in determining a settlement These expenses are called damages These damages are the most prevalent however they are not the only ones included in a truck accident settlement In addition to the cost of replacing or repairing damaged property and lost wages lost wages are also included in settlements In addition the amount of pain and suffering may also be included in settlements While these damages can be difficult to prove and quantify however they are a part of a settlement and must be considered For instance the physical and emotional stress that comes from a truck accident can lead to depression which could affect the quality of life of a person A victims injuries may make it difficult for them to participate in activities that they would normally enjoy All of these factors are considered when determining the amount of damages a victim will incur Lost wages One of the most important aspects of any truck crash settlement is the recouping of the loss of wages in the past and in the future Your lawyer can help recover compensation for the time you missed working due to your injuries or treatment To prove this loss your lawyer will ask you to provide your old pay stubs as well as any other documentation of your income Your lawyer might be able to help you claim damages in addition wages This category of damages takes a much more rigorous approach and typically requires the use of forensic accountants This is due to the impact on your future ability to work and earn a living not just your actual earnings This type of damage is more difficult to calculate and can be an important portion of the settlement you receive from a truck accident The severity of your injuries as well as the degree of negligence on the part of the defendant the amount of fatalities as well as the amount of insurance coverage provided by insurance will all affect the value of your settlement You will also have to consider other damages for example damage to your car and other possessions as well as the cost of ongoing medical care In some cases your lawyer may be able to obtain compensation for mental distress and other nontangible losses too Often the party who is at fault will attempt to lower the value of your settlement using any technicalities or frivolous arguments that they can think of This is why it is recommended to get an New York truck accident attorney at the beginning of the process so that they can start building your case immediately and begin dealing with the insurers right away You should never accept the initial settlement offer you receive from the atfault driver or their insurance company They are usually way less than what your lawyer or their team estimate as the value of your damages Accepting this initial settlement means that you have given up the right to seek additional damages in future A truck accident settlement will usually be greater than the typical motor vehicle accident settlement because the stakes are higher for both you and the atfault party In reality based on the circumstances of your case your settlement could be in the millions or even more This is especially true when multiple parties are responsible for the accident like the driver of the truck a parts manufacturer or another trucking company In these cases a court must conduct extensive investigations and litigation in order to determine the amount of settlement In some cases the defendant may be accountable for only one percent of the total damages which will be reflected in their share of the settlement