Average Settlement Value of a Fort Worth Truck Accident Injury Case
A Fort Worth truck accident injury case can be worth as little as a few thousand dollars or as much as millions of dollars. The circumstances of the case determine its value.
Therefore, it is challenging to calculate the average settlement value of a Fort Worth truck accident injury case. It is also unwise to base your case on another case’s worth. The facts in your case might support a much higher settlement value than the facts in another case.
Truck accident claims are typically high-value personal injury cases because of the catastrophic injuries victims suffer in a commercial truck accident. Understanding the factors that affect the settlement value for a truck accident claim can help you know what to expect.
What Is a Fort Worth Truck Accident Settlement?
First, let’s define what we mean by the settlement value of a truck accident case. When you are injured in a truck crash, you can sue the at-fault parties for compensation. Most truck accident claims are settled through negotiations between the parties.
The settlement value is the amount the at-fault party or insurance company is willing to pay to resolve the claim. The value is based on your damages.
Damages in a truck accident injury case include financial losses. Examples of economic damages include:
- Past and future medical bills
- Cost of skilled care, including long-term nursing care or personal care
- Diminished earning capacity
- Out-of-pocket expenses
- Lost wages and benefits
- Rehabilitative therapies
The settlement value for economic damages is the total of the actual expense or loss. Medical experts and financial professionals assist attorneys in estimating the cost of future expenses and losses.
A truck accident victim is also entitled to compensation for their pain and suffering. Examples of these non-economic damages include:
- Disfigurement and scarring
- Impairments and disabilities
- Emotional distress
- Loss of enjoyment of life
- Mental anguish
- A decrease in quality of life
- Physical pain and suffering
The settlement value of non-economic damages is more difficult to calculate. We must use the facts of the case to determine how extensively the crash has impacted your life.
What Factors Affect the Settlement Value of a Fort Worth Truck Accident Claim?
Many factors impact the settlement value for a Fort Worth truck accident injury case. Some factors increase the value of the claim, but other factors can decrease how much the case is worth.
Factors that could affect the settlement value of your truck accident case include:
- The types of injuries you sustained, how long it took you to reach maximum medical improvement, and the duration of your recovery
- The medical treatment you received, especially if it was invasive or painful
- Your appearance before and after the accident (i.e., substantial scarring or disfigurement)
- Allegations of contributory fault (i.e., you are partially to blame for causing the truck accident)
- The parties involved in the truck accident case
- The evidence you have to prove fault and causation
- Whether you received immediate medical treatment and tried to mitigate your damages
- The insurance policy limits that cover the accident
An experienced Fort Worth truck accident lawyer analyzes all factors of your personal injury case. The attorney works to maximize your compensation by focusing on the factors that increase the value of your damages. Your attorney also minimizes negative factors, such as aggressively fighting allegations of failing to mitigate damages and contributory fault.
What Happens if I Agree to a Settlement Offer for a Truck Accident in Fort Worth, TX?
If all parties agree on a settlement value, the company will insist you sign a final settlement agreement before giving you a settlement check. The settlement agreement waives all your rights to pursue any claims related to the truck accident. It releases all parties from liability for your injuries and damages.
Usually, the settlement agreement does not admit fault. The parties dispute they are liable for your damages but agree to pay you a specific amount in exchange for your release of claim.
Once you sign a settlement agreement, your truck accident case is complete. The agreement is legally binding. Therefore, if you try to sue one of the parties for more money, they can ask the court to dismiss your lawsuit.
It is crucial that you have legal advice from an experienced Fort Worth truck accident attorney before you sign any documents or accept a settlement offer. Truck accident claims are complex personal injury cases.
The trucking company and its insurance provider will aggressively fight your claim to avoid liability for damages. Hiring a Fort Worth personal injury lawyer levels the playing field. Your attorney has the resources to pursue the claim and fight the insurance company for a fair settlement amount.
Contact the Truck Accident Law Firm of Parker Law Firm Injury Lawyers in Fort Worth for Help Today
For more information, please contact an experienced truck accident lawyer at Parker Law Firm Injury Lawyers to schedule a free initial consultation today. We have convenient locations in Bedford and Fort Worth, Texas.
Parker Law Firm Injury Lawyers – Bedford
2317 Plaza Pkwy #100,
Bedford, TX 76021
(817) 503-9200
Parker Law Firm Injury Lawyers – Fort Worth
209 N Hampton St,
Fort Worth, TX 76102
(817) 839-3143
