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Factors That Affect the Value of Your Truck Accident Settlement The value of your truck accident settlement is contingent on a variety of factors The severity of your injuries and the cost of medical care are just a few factors To receive the most favorable settlement you need to consult a New York truck accident attorney with experience In this article well explore how these amounts are calculated albany truck accident attorney with a truck can cause severe and lifealtering injuries Accident victims are entitled to financial compensation for their injuries These expenses can include medical expenses and lost income as well as damage to property and many more In addition to financial damages victims of truck accidents may also be awarded noneconomic damages such as pain and suffering These awards are intended to provide compensation for victims physical emotional mental or physical suffering In addition to the financial damages resulting from the accident victims may also be entitled to damages for compensation that cover the negligence of the responsible driver in the accident Negligence is defined as a failure to exercise reasonable care on the road or comply with traffic laws If the atfault drivers actions are judged to be particularly severe the jury in your case may give you punitive damages which can increase your overall award amount It will take time to secure the highest settlement possible for your claim Its important that you consult with a New York attorney as soon as you can Our lawyers will review the situation and develop a strong argument to support the reason why you should be awarded the compensation youre entitled to If you wait to file your lawsuit you could not file by the deadline and lose your right to an equitable settlement Another factor that may affect the time required to settle your truck accident lawsuit is the duration of your medical treatment If you need extensive medical treatment for your injuries it could delay the process of the settlement process Its best to complete your medical treatments prior to accepting the settlement offer from an insurance company This will prevent you from paying for future medical treatments yourself Accidents involving trucks can be more destructive than other motor vehicle collisions because of their weight and size This is especially true when trucks are transporting dangerous substances like chemicals or gases When these substances leak out or explode they can cause catastrophic and lifealtering injuries to passengers in passenger vehicles In the event of a fatal truck accident survivors of the deceased family members could be entitled to wrongfuldeath compensation This could cover funeral and burial costs and also future earnings and insurance coverage Family members of a deceased victim can also pursue punitive damages to penalize the atfault person for their criminal actions and prevent others from engaging in similar actions If youve suffered injuries in an accident with a commercial truck it is essential to seek legal advice promptly Davis Saperstein Salomon PC has years of experience in representing clients in personal injuries cases involving large truck Contact us today to schedule a nocost consultation regarding your potential claim Medical bills Truck accidents can result in serious injuries that require medical treatment Accident victims may be left with a huge medical bill they are unable to pay This is especially true if the injuries are lifethreatening like amputations or paralysis Fortunately a truck crash settlement can help If it is a successful case the victim can receive compensation for the unexpected expenses which could include the reimbursement of their health insurance by the insurance of the driver Medical expenses are typically the largest portion of a settlement for a car crash however it isnt the only factor that determines the final amount The severity of the injury is another crucial factor since the more severe the injuries more severe the injuries the greater the settlement amount In addition the victims current and future medical expenses as well as any loss of earnings 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 anywhere from a few months to a few years to settle because the parties conduct thorough investigations and then exchange with compensation offers However a settlement can be beneficial to victims since its a quick and secure way to settle the matter without having to go through a trial in court Its also an excellent option for the defendant as it can protect their reputation and shield them from the scrutiny of the public Anyone who is injured may be left with medical bills lost income damage to property and other losses The ultimate purpose of a suit is to pay victims for their losses and return them to the state they were prior to the accident This is why it is important to work with a knowledgeable and experienced truck accident attorney One of the major factors that determine a settlement is how much money the victim is able to lose due to their accidentrelated losses These expenses are known as damages The most frequent damages are listed above however theyre not the only ones included in a settlement involving an accident with a truck In addition to the expense of repairing or replacing damaged property the loss of wages are also included in settlements In addition the value of the pain and suffering of a person is often incorporated into the settlement These damages can be difficult to prove or quantify but they still must be considered when settling The emotional and physical strain from a truck accident for instance can cause depression This can negatively impact the quality of life of an individual In addition a victims injuries can restrict them from participating in the activities that they normally like to do All of these elements are taken into consideration when calculating the victims damages Lost wages One of the most crucial components of any truck accident settlement is the recouping of past and future lost wages Your lawyer can help recover compensation for the time you missed working due to your injuries or treatment To prove the loss your lawyer will require you to submit former pay stubs and any other documentation of your income In addition to the loss of wages your lawyer could also be able help you seek damages to compensate for lost earning potential This type of claim is more rigorous and often requires an accountant who is forensic This is because it considers the impact on your future ability to earn a living and work instead of just your current earnings This type of damage is more difficult to quantify and usually represents a significant portion of the settlement for your truck accident The severity of your injuries the level of negligence on the part of the defendant and the number of fatalities and the amount of insurance coverage all affect the amount your truck accident settlement will be worth Youll also need to think about other damages for example the damage to your vehicle or other possessions as well as the expense of continuing care In some instances your lawyer may be able recover compensation for mental anguish as well as other nontangible losses too The atfault party will try to reduce the amount you receive using any technicalities or arguments that they can think of This is why its always advisable to engage a New York truck accident attorney early on in the process so that they can begin building your case immediately and begin negotiating with insurers immediately Do not accept the first settlement offer you receive from an insurance company for the atfault driver or the driver at fault The settlement offers typically are lower than the amount your lawyer and his team determine as your damages Accepting this initial settlement will mean that you give up the right to seek additional damages in the future A settlement for a truck crash is usually higher than the average motor vehicle settlement as the stakes for both you and the person at fault are much higher Your settlement could even be in the millions of dollars depending on the circumstances of your situation This is particularly true when there several parties at fault for a accident including the driver of a truck or a manufacturer of parts or another trucking company In these instances the court will have to conduct a large amount of investigation before making a decision on a settlement In some cases a defendant may only be accountable for a small proportion of the total damages This will be included in the settlement amount