What is the Average Truck Accident Settlement?

Motor vehicle accidents, especially those involving large trucks, can potentially cause serious bodily injuries that limit your ability to live a normal life. On top of the physical damage, medical bills and repair expenses can also damage you financially. This may potentially prolong your recovery and is especially unacceptable if the accident wasn’t your fault. By settling your truck accident lawsuit, you could receive the compensation you need to get back on your feet.

The majority of truck accident cases are reconciled through settlements. However, some insurance companies have been known to act unethically, and many will attempt to devalue your injuries to avoid paying you the full value of your compensation. They’ll try to capitalize on your vulnerable state, which is especially cruel after a traumatic accident. If you suspect the insurance company isn’t taking your case seriously, Morgan & Morgan can not only advocate for you but will never settle for less than you deserve.

How Does the Truck Accident Settlement Process Work?

After you’ve received medical treatment, you should file a claim with the insurance provider of the at-fault party. This will begin the legal proceedings and allow you to recover any damages that may have resulted from your accident, such as medical bills, lost wages, and other expenses. At this point, the insurance company will begin their investigation, and your attorney should do the same.

Your case needs a strong foundation in order to prove the other party acted negligently. When conducting your investigation, your attorney should collect eyewitness testimony, medical records, and any other available evidence to ensure your case is as strong as possible when it reaches the negotiating table. 

Following the investigation, you can send the insurance company your finalized demand letter. This will describe the extent of your injuries, explain how the other party’s negligent actions caused the accident, and request compensation for the damages. The insurance company will either accept your request and begin settlement negotiations or deny it because they don’t believe the validity of your claim. If your claim is denied, you can file an appeal with a claims adjuster for additional review.

Contact Morgan & Morgan

The physical and mental damage of truck accidents can make it difficult to return to a normal life. Your injuries are likely restricting your ability to earn a paycheck, and other expenses are making your recovery a nightmare. Fortunately, Morgan & Morgan is here to help you pursue the full and fair value of the compensation you deserve.

We believe that everyone should be able to afford comprehensive representation, especially when they are recovering from an expensive accident. That’s why our firm works on a contingency, meaning it costs you nothing out-of-pocket to join our team. Our fee is taken from the favorable settlement or jury award, so as to not add any additional stress to you and your family’s life.

In the most difficult moments of your life, Morgan & Morgan is here to help. If you suspect the insurance company isn’t offering you the full value of your truck accident settlement, our attorneys are ready and eager to fight tirelessly for the restitution you’re entitled to. With over 1,000 attorneys and an extensive network of team members across the nation, America’s largest personal injury firm has the resources to give your case the attention it deserves. 

Complete a free, no-obligation case evaluation today and see why there’s only one Morgan & Morgan.

How Much Is My Truck Accident Settlement Worth?

Your compensation can vary depending on the circumstances surrounding your case, such as the location, the degree of negligence, and the extent of your injuries. Generally, victims can expect to recover the following damages:

• Lost wages (if the accident prevents you from earning a paycheck)
• Medical expenses (including hospital expenses and medication)
• Pain and physical suffering
• Mental anguish/emotional trauma
• Permanent/partial disability benefits
• Vehicle repair expenses

Insurance companies use various methods to determine the compensation your situation warrants. They’ll make assumptions about how your injuries affect you, then decide how much they think you should receive for the hardship you’ve endured. Your pain is personal to you, and only you can fully understand how impairing your condition truly is. Our compassionate attorneys can work with you every step of the way and fight to ensure your pain isn’t diminished by an insurance company.