What Is the Average Settlement for a Semi-Truck Accident?

What Is the Average Settlement for a Semi-Truck Accident? - Oaks Law Firm

Like cars, semi-trucks have caused many accidents, killing and injuring many people. The worst part is those semi-truck accidents are catastrophic as the driver hardly survived the accident. These vehicles are big and haul bulky cargo, worsening the effects of the accident.

Ideally, the at-fault party should compensate the victims should they get injuries. But if the victim dies, various measures need to come into play to ensure their families get the justice they deserve. So, what is the average settlement for a semi-truck accident?

What to expect from a settlement for a semi-truck accident

If you or someone you know has been involved in a semi-truck accident, you likely wonder how the courts will rule as far as the settlement is concerned. For starters, compensation for such as accident depends on:

  1.       The severity of the outcome of the accident by the at-fault party. Was anyone injured? If so, how many victims got killed or injured?
  2.       How much the truck driver was at-fault

Considering these conditions, the settlement figure may range from thousands for minor damages to millions of dollars to massive injuries.

Going by the Department of Transportation statistics, a victim with a non-fatal injury with one semi-truck should receive between $195,258 and $200,000 in a settlement. Settlement for people killed in a semi-truck accident rises to $3,604,518 if it’s a single crash. The damages should cover medical and ER costs, rehabilitative care, lost wages, and physical therapy. The judge may also rule that pain and suffering should also be considered, considering the trauma such victims encounter.

The factors to consider when tailoring settlement for semi-truck accidents

  1.       Who the at-fault party is

The at-fault driver carries the blame, and their insurance company should compensate the victim.

  1.       Property damage

The semi-truck driver’s insurer inspects the damage caused and pays the cost of repairs.

  1.       Medical expenses

The at-fault driver pays the medical bills the victim has incurred and their future medical bills. The worse the victim is injured, the higher the medical expenses.

  1.       Impaired earning capacity

Since semi-truck vehicles are more robust than regular cars, the amount of force they cause might cause severe injuries to the victims. The severely-injured victim is forced to take time off work to receive medical attention, impairing their earning capacity and losing wages.

  1.       Pain and suffering

Victims of semi-truck accidents have a problem enjoying their quality of life due to the trauma they encounter. The lawyer might argue that you’re physically and mentally unstable to navigate life and compel the court to ask the at-fault driver to pay for the damages.

Do you need an attorney for a case involving a semi-truck accident?

Whether you caused the semi-truck accident or are a victim, you need a qualified lawyer to represent you. It takes a good lawyer to ensure both parties get justice. Contact Oaks Law Firm today if you need to speak to a personal injury lawyer or want one to represent you.