What is the Average 18-Wheeler Accident Settlement in Texas?
18-wheelers are some of the largest vehicles on the road. When they are involved in a crash, the injuries victims suffer are rarely minor. Due to their large size and extremely heavy weight, a truck accident can result in catastrophic injuries such as amputations, traumatic brain injuries, and more. If someone else was at fault for the crash, you may be able to file a claim for compensation. One of the most common questions we hear from accident victims is how much they can expect in their settlement. While no one can provide an exact answer without reviewing the specific facts of your case, there are some guidelines you can follow.
Average Truck Accident Settlements in Texas
The settlement you may receive after a truck accident ranges widely depending on a number of factors. The majority of settlements in trucking cases are subject to confidentiality agreements, so the “average” 18-wheeler accident settlement amount is difficult to determine and likely is undervalued if you are doing a generic internet search. Settlement amounts vary depending on the severity of the crash and injuries, including whether those injuries are temporary or permanent, the amount of insurance coverage, and numerous other factors. Every case is unique; however, here are some examples:
- While they are rare, minor truck accidents can range in settlement amounts from $5,000.00 to $100,000.
- Truck accidents that result in moderate injuries can range between $100,000 to $500,000.
- The most severe truck accidents in Texas, particularly those that result in catastrophic or permanent injuries or death have settlements that can range from $500,000 to tens of millions of dollars.
What Factors Influence 18-Wheeler Accident Settlement Amounts?
Settlement amounts after an 18-wheeler accident vary so widely because each case has unique factors and those factors determine the amount a victim can receive. These factors include:
- Liability: The party that is at fault for your crash will largely influence your settlement amount. For example, if the trucking company and truck driver were both at fault for your crash, you may receive a larger settlement than if the truck driver alone was to blame.
- Severity of injuries: The more severe and long-lasting your injuries are after a crash, the more medical expenses you will incur. You may be able to recover these costs through a personal injury claim. If your medical expenses are higher, your recovery time is longer, and your injuries are permanent, it is more likely that the value of your claim will be higher, which will result in a larger settlement.
- Insurance policy limits: Insurance companies representing liable parties are obligated to pay damages to accident victims. However, insurers only have to pay up to the policy limits. It is critical to identify all liable parties because each party may have separate insurance policies. So, if you this pursue a claim against each of them, this increases the amount of insurance coverage available to cover your injuries.
- Legal representation: Studies have shown that accident victims who have legal representation obtain much larger settlements than individuals who represent themselves.
Our 18-Wheeler Accident Lawyer in San Antonio Can Help You Claim a Fair Settlement
At the Law Office of Israel Garcia, our San Antonio 18-wheeler accident lawyer can accurately value your claim and negotiate on your behalf to help you claim a fair settlement. Call us today at 210-LAW-9999 or contact us online to schedule an appointment with our experienced attorney and to learn more about your legal options.
Source:
aw.cornell.edu/wex/negligence
