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How Long Does It Take to Settle an 18 Wheeler Lawsuit? The amount of time required to settle a trucking accident situation can differ from case to case. There are many factors that can influence the time frame of settlement. For instance, it could take a while to determine who is liable for the accident. A lawyer can help identify all liable parties and maximize the settlement. What to Expect The time frame for settling of a 18-wheeler lawsuit is dependent on a myriad of factors, including the amount of liability and damages. If the parties involved in the accident are unable to come to an agreement on their respective faults, this could delay the case. If there are disagreements over the credibility of witnesses or evidence of witnesses, this can delay the case. Settlement amounts can vary greatly depending on the extent of injuries, the insurance policy of the trucking firm and the federal or state regulations that govern commercial vehicles. It is important to keep in mind that plaintiff lawyers are paid on a contingency basis, meaning they don't receive compensation unless they win or reach a settlement in a case. It's not surprising that semi-truck accidents are a big business for attorneys. As such, it's not uncommon for settlements in these cases to exceed millions of dollars or more. This is especially true if the trucking company has been found to be negligent. Liability Each year, there are more than 100,000 accidents involving 18 wheelers across the United States. Many of these crashes result in serious injuries or death. Most often, insurance companies lower the cost of victims of these accidents with settlements that do not reflect the extent of their injuries and damages. A good 18 wheeler accident lawyer can negotiate with big insurance companies to secure the best settlement for their clients. The defendants in an 18 wheeler lawsuit could be held accountable for various damages, such as economic and non-economic damages. Economic damages could be a result of medical bills, lost wages and future earnings. Non-economic damages include suffering and pain and emotional distress, disfigurement and diminished quality of life. Plaintiff attorneys who take part in 18 wheeler cases are paid on a contingent basis. This means that they won't get paid until the case is settled and they agree to a settlement with their client. In the meantime, they have to pay for court costs, conduct depositions and hire experts, other specialists, travel, and pay for any other expenses required to win the case. 18 wheeler accident case thousand oaks can result in serious injuries, especially if they are high-speed crashes. The effects of an 18-wheeler collision can be more intense due to its size and weight. The damages can also be more severe. In addition to the physical and medical damage that could result from an 18-wheeler crash, victims can also receive compensation for the loss of their income and the grief caused by the loss of loved ones. A personal injury lawyer can help you determine the full compensation you are entitled to if you have suffered losses as a result of a semi truck crash. The cost of litigation can be high. Attorneys representing plaintiffs need to pay for travel, depositions expert witnesses and court costs. They must get the money of their clients as soon as possible. There are several ways plaintiffs can receive their funds more quickly after a settlement. These are called post-settlement advances, lawsuit loans, or settlement cash advances. They are a great choice for those who have suffered injuries and need to pay for their expenses while waiting for their settlement. Timeline Many factors influence the length of the time it takes to settle a case which involves a truck. One major factor is the severity of your injuries. You should wait until your medical condition has improved to its maximum before making a decision on settlement. This is because you might be entitled to claim future losses, such as lost wages and a decreased quality of life, and your attorney will need evidence to support these claims. A dispute between the parties regarding the liability or damages could prolong the settlement process. This can happen when multiple insurance companies are involved or the parties are not able to agree on who was at fault. A reputable truck accident lawyer can assist you in determining if the insurance company is offering an adequate amount for your claim and whether or not it will be able to cover all of your future and current losses. If the insurance company is unwilling to negotiate, it could be required to file a lawsuit that could extend the timeline for the case. In some cases it may take up to a year or more finish the case. Settlement There are many factors that can significantly lengthen the time required for an 18 wheeler lawsuit to reach a settlement. This includes the severity of injuries and the insurance concerns involved. It could also take time for your doctor's records to identify permanent impairments that could impact your future losses. It is not advisable to settle a claim for an accident too quickly as it may leave you without a sufficient amount to cover your full range damages. Plaintiff attorneys who litigate in 18-wheeler crashes are paid on a contingency basis and do not get paid unless they win or negotiate an agreement. They are required to pay court costs along with travel and expert witness fees during the course of the case. As you can imagine this could add up to a lot. Many plaintiff attorneys who are 18-wheelers make use of settlement cash advances or lawsuit loans to offset their legal costs out of pocket. This lets them access the funds sooner.