What is the Average Semi Truck Accident Settlement?￼￼
Semi truck accidents can cause significant damage. Due to their size and weight, most semi trucks have the potential to cause severe and life changing injuries, in the event of an accident. When a collision with a semi truck occurs, the victims may suffer injuries that cause them to incur substantial physical, emotional, and financial losses.
If you’ve been harmed in such an accident, then you’re probably curious as to whether you’re even owed compensation, and what is the average semi truck accident settlement that you can expect. Read on to learn more about how semi truck accident settlements are valued, and what you can do to maximize your compensation. Click on any of the topics to go directly to the section.
- Seeking compensation after truck accidents
- How truck accidents are different from car accidents
- What is third party liability?
- Complicated commercial insurance policies for trucks
- What are the benefits of hiring a trucking accident attorney?
- The average semi truck accident settlement
- What kind of damages can be awarded?
- Work with a seasoned semi truck accident attorney
Seeking Compensation After Truck Accidents
Who May Be Responsible?
The process of seeking compensation after a semi or commercial truck accident is somewhat more complex than the process after a “normal” car accident. Here are three ways trucking accident claims differ from auto accident claims.
- Semi truck accidents are usually more severe
- Trucking accidents often involve a third party
- Truck companies can have complicated commercial insurance policies
How Truck Accidents Are Different from Car Accidents
Trucking Accidents Are a Serious Issue
Semi truck accidents tend to be more severe. The losses are more comprehensive and substantial. As such, the stakes are high. It’s not enough to simply accept a low payout and move on, you need to be compensated to the maximum possible extent, because your life may have been changed entirely.
Third Party Liability in Trucking Accidents
Trucking accidents often involve a third-party. This can complicate the litigation, as you may have unique claims against one or more different parties.
Third Party Examples
Examples of a third party for tractor trailer accidents are:
- the employer
- a warehouse
- a loading company
- and so forth
Complicated Commercial Insurance Policies for Trucks
Trucking companies typically make use of large-scale commercial insurance policies that can be difficult for the average person to navigate. Given this complexity, it’s absolutely critical that you seek proper legal assistance.
What Are the Benefits of Hiring a Trucking Accident Attorney?
Accident claims for trucks and truck drivers require specialized, experienced advocacy. At 1-800-THE-LAW2, an accident lawyer costs nothing. There are zero out-of-pocket costs. Your attorney will only take a “cut” of your overall compensation, which will likely be much higher than it would have been had you attempted to handle the case yourself. There’s no downside to working with a lawyer, it’s simply how the system works.
Average Semi Truck Accident Settlement
Legally, semi truck companies are required to carry insurance, and these policies have substantial coverage. Because of this, the “average semi truck accident settlement” is relatively high compared to most small vehicle settlements.
What Kind of Damages Can Be Awarded?
Every accident is different, so an “average” will not provide any real insights into what you stand to recover through a semi truck accident lawsuit. Instead, we can tell you what damages you may be entitled to in your accident claim.
These damages include compensation for:
- Loss of quality of life
- Property damage
- Punitive damages
- Pain and suffering
- Medical expenses
- Lost income and wages
- Loss of future compensation
- Emotional distress
- And more
These losses are added up to determine the total value of your settlement. Have a personal injury lawyer review your semi truck accident lawsuit and the documentation of your losses to calculate a reasonable settlement expectation.
Work With a Seasoned Semi Truck Accident Attorney
An experienced lawyer can increase the odds that you recover the maximum possible compensation in your commercial trucking accident. It’s important to work with someone who understands the complexities of personal injury law and who will serve your interests passionately.
Here at 1-800-THE-LAW2, our network includes experienced attorneys for semi truck, commercial truck, tractor trailer, and big rig accidents who are committed to helping the injured obtain compensation and move on with their lives. They will work tirelessly on your behalf.