Big Rig Accident Lawyer in Flagstaff

The average settlement for a semi truck accident can be anywhere from thousands to millions of dollars, depending on a wide range of factors. However, this is not to say that you should expect to receive an offer between these values.

Every case is different, and the specifics of the semi truck accident you were part of will play a part in determining the value of your settlement offers. Together, let’s take a look at what may influence the average settlement for a semi truck accident.

While it is difficult to provide you with an exact figure regarding the settlement you may receive, we can discuss the process of determining compensation and how a Phoenix personal injury lawyer can help you move through the claims process in your pursuit of justice.

What Factors Influence the Average Settlement for a Semi Truck Accident?

The average settlement for a semi truck accident varies because the value is based on a number of factors.

Here are some details that may influence the value of your claim:

Severity of injuries
Medical expenses
Lost wages
Loss of future earning capacity
Pain and suffering
Property damage
Liability and fault

Severity of Injuries

A significant factor that is heavily considered when determining settlement amounts for semi truck accident victims is the severity of the injuries you sustained in the collision.

Semi truck accident victims may face these injuries:

Traumatic brain injuries (TBI)
Spinal cord injuries
Broken bones
Internal organ damage
Amputations

Injuries of these natures often require treatment involving long-term medical care, extensive surgeries, and ongoing rehabilitation, all of which may increase the value of your claim. The more severe and permanent the injuries, the higher the settlement amount is likely to be.

Medical Expenses

Both the at-fault party’s insurance company and the court system will often consider your current and future medical costs when calculating settlement amounts. Compensation packages may be greater for those who sustained long-lasting or permanent injuries.

Your total cost of medical treatment may include the following:

Emergency room visits
Hospital stays
Surgeries
Prescription medications
Physical therapy
Future medical care

Lost Wages and Future Earning Capacity

If your injuries prevent you from working, you may be entitled to compensation for lost wages. If the accident leaves you unable to return to your previous job or reduces your earning capacity in the future, your settlement may also account for the loss of future income.

Pain and Suffering

In addition to economic damages, you may receive compensation for non-economic damages, such as pain and suffering. This includes physical pain, emotional distress, and mental anguish resulting from the accident.

While these types of damages are often more difficult to quantify, they have the power to potentially impact your total settlement amount. This is particularly relevant in cases involving severe or permanent injuries.

Property Damage

Semi truck accidents often result in significant damage to many of the vehicles involved, if not all of them. The settlement amount for cases like these may include compensation for repairs or replacements, along with any other property damage caused by the accident.

Liability and Fault

Proving negligence in a truck accident claim is a key part of semi truck accident settlements. If the trucking company, the truck driver, or any other party is found to be entirely at fault for the accident, you may be entitled to a larger settlement.

However, if you are partially responsible for the accident, your settlement could be reduced by the percentage of fault attributed to you. It depends on where the accident took place and the available evidence.

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What Is the Average Range for Settlements After a Semi Truck Accident?

When asking, “What is the average settlement for semi truck accident cases?” it’s important to remember that no two cases are alike. As such, settlement amounts vary depending on the specific circumstances of each case.

However, settlements for semi truck accidents are often significantly higher than those for regular car accidents. This is due to the size and weight of the vehicles involved, both of which are factors that tend to cause more severe injuries and further damage than other collisions.

Range of Settlements

While smaller settlements may fall between $50,000 and $100,000, more serious cases can result in settlements of several hundred thousand dollars or more. In cases involving catastrophic injuries or wrongful deaths, settlements may reach $1 million or higher.

Here are some general ranges for semi truck accident settlements:

Minor injuries: $50,000–$150,000
Moderate injuries: $150,000–$500,000
Severe or catastrophic injuries: $500,000–$1 million
Wrongful death cases: $1 million or more

How Long does it Take to Receive a Settlement for a Semi Truck Accident?

In general, the process can take anywhere from several months to a few years before you receive your settlement. This timeline might depend on how complicated your case is, the willingness of the parties to negotiate, and whether the case needs to go to trial.

The time it takes to settle depends on how quickly both sides can agree on a fair compensation amount. Some cases are resolved in a matter of months, while others may take longer if the parties cannot agree on liability or the amount of damages.

Now, if a settlement cannot be reached, your case may go to trial. This can significantly extend the timeline of your case because trials are notoriously known for being lengthy. A trial can add upwards of a year or more to the entire process.

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How Can a Lawyer Help With a Semi Truck Accident Settlement?

Semi truck accident laws can be confusing, and trying to decipher the legalities of your situation when you aren’t familiar with the legal system can be a lot to take on. However, when you hire a personal injury lawyer, you will have someone on your side to help you through the process.

Here’s what you can expect when you hire an attorney with experience representing semi truck accident victims:

Determining liability
Negotiating with insurance companies
Maximizing your settlement offers
Taking your case to court if necessary

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Schedule a Free Consultation With Our Law Firm to Determine the Average Settlement for a Semi Truck Accident

The average settlement for a semi truck accident varies widely from thousands to millions of dollars, depending on many factors. However, the amount of money you receive in your compensation package can be less than or greater than the average settlement amount, depending on the details of your case.

At Zanes Law, we have 20 years of experience recovering over $500 million in damages for our clients. We want to help victims of semi-truck accidents file a claim and pursue justice by building a case on their behalf.

So, if you were involved in a semi truck accident and you want to learn more about what settlement you may be entitled to, call today to learn more about us and how our law firm can help you. We’re here to defend your rights and fight for the compensation you deserve.

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