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Factors That Affect the Value of Your Truck Accident Settlement The value of a settlement depends upon several factors The degree of your injuries as well as the cost of medical care are only a few variables To get the best settlement it is best to seek out a New York truck accident attorney with experience In this article we will look at how these amounts are calculated Damages When a truck accident happens the result could be lifechanging injuries and even death The victims of truck accidents may be awarded financial compensation to pay the costs related to their injuries These expenses could include medical treatment lost income damage to property and many more In addition to the financial damages the victims of truck accidents can also receive noneconomic damages such as pain and suffering These awards are intended to pay for the physical emotional mental or physical suffering In addition to addressing the financial damages resulting from an accident involving a truck victims may also be eligible for compensatory damages that address the negligence of the responsible participant in the crash Negligence can be defined as failing to use reasonable care or to follow traffic laws If the actions of the driver who is at fault are deemed to be especially egregious the jury in your case may decide to award punitive damages which can increase your overall award amount It will take some time to get the best settlement for your claim Its important that you consult with an New York attorney as soon as you can Our attorneys will investigate your case and draft a strong argument for why you should receive the amount of compensation you require If you do not file your lawsuit you may miss the filing deadline and forfeit your right to a fair settlement Another aspect that could affect the time it takes to settle your truck accident lawsuit is the length of your medical treatment The settlement of your case can be delayed if you require extensive medical treatment It is always best to complete your medical treatment prior to accepting an insurance settlement offer because this will keep you from having to pay for further treatments out of pocket Due to the weight and size of the vehicles truck accidents can be more catastrophic than other types of collisions This is especially true when a truck is transporting hazardous substances such as gases or chemicals When these substances leak or explode they can cause devastating and lifechanging injuries to occupants in passenger vehicles 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 in addition to loss of future earnings potential and loss of benefits and health insurance coverage Families of deceased victims can also pursue punitive damages to penalize the perpetrator for their crimes and deter others from committing similar crimes It is important to seek legal advice as soon as you can if youve been injured in an accident involving commercial vehicles The lawyers at Davis Saperstein Salomon PC have years of experience representing clients in personal injury cases involving large trucks Contact us today for an initial consultation for your potential claim Medical bills The most frequent result of truck accidents is severe injuries requiring medical attention In the event of an accident victims could face massive medical bills that they are unable to pay This is particularly true if their injuries are lifethreatening such as amputations or paralysis Fortunately a truck crash settlement can help If the case is successful the victim can get compensation for unexpected expenses and also reimbursement of their health insurance the insurance company of the driver The medical expenses account for the majority of the settlement in a truck accident but they are not the only factor The severity of the injury is another crucial factor since the more serious the injury more severe the injuries the greater the settlement amount In addition the victims future as well as current medical expenses as well as any loss of earning potential are considered In certain cases injuries may be so severe that theyll never fully recover and require ongoing treatment A successful lawsuit could take between a few months and years to settle if the parties conduct thorough investigations and make and accept settlement offers A settlement could be beneficial for victims as it is a confidential and quick way to resolve a case without the need to appear in court A settlement is a great option both for the defendant and for themselves bellevue truck accident attorney can protect their reputation while avoiding public scrutiny An injured person is often left with medical expenses lost income damage to property and other damages Ultimately the goal of a successful lawsuit is to compensate the victim for these losses and restore the victim to their preaccident condition It is therefore essential to hire a skilled and knowledgeable truck accident lawyer One of the main elements that affect settlements is how much money the victim is able to lose due to their accidentsrelated losses These costs are referred to as damages The most commonly cited damages are mentioned above however theyre not necessarily the only ones included in a settlement for a truck accident Other damages included in a settlement include the cost of repairing or replacing damaged property as well as lost wages Additionally the value of a persons pain and suffering is usually included in a settlement While these damages arent easy to quantify and prove but they are nevertheless part of a settlement that must be considered The emotional and physical strain from a car accident for example can cause depression This can affect the quality of life for a person The injuries of a victim can prevent them from enjoying activities they normally like to do All of these factors are considered when calculating the damages of the victim Lost wages The recovery of future and previous wages is among the most important aspects of any settlement for a truck accident Your lawyer can assist you to recover monetary compensation for the entire time you were away from work due to your injuries as well as their treatment To prove the loss the lawyer will request you to submit your previous pay stubs as well as any other documentation of your income In addition to the lost wages your lawyer might also be able to help you obtain damages for the loss of earning potential This category of damages requires a more thorough approach and typically requires the use of forensic accountants This is because it considers the impact on your ability to work and earn a living and not just your actual earnings This type of damage is difficult to quantify however it will usually be worth much of the settlement for your truck accident The severity of your injuries the degree of the defendants negligence as well as the likelihood of fatalities as well as the amount of insurance coverage will all influence the amount your truck crash settlement is worth You will also have to consider other damages for example damage to your car and other belongings and the costs of ongoing care In some instances your lawyer might be able to recover compensation for mental distress and other nontangible losses too In most cases the party at fault will attempt to lower the amount you receive by utilizing any technicalities or frivolous arguments that they can come up with It is advisable to employ an New York trucking accident lawyer early in the process so that they can begin to build your case and handle the insurance companies immediately You should not accept the first settlement offer that you receive from the driver at fault or their insurance company They are typically far below what your lawyer and their team determine as the value of your damages Accepting this initial settlement will mean that you are giving up the right to seek additional damages in future The settlement for a truck accident is typically higher than a typical motor vehicle settlement due to the stakes for you as well as the person who is at fault are greater Your settlement could even be in the millions of dollars depending on the circumstances of your situation This is especially true when multiple parties are responsible for the accident for example the driver of the truck as well as a parts manufacturer or a trucking company In these cases a court will need to do a great deal of investigation and court proceedings before setting a settlement amount In some instances the defendant could be liable for part of the total amount of damages which will be reflected in their share of the settlement