Because each truck accident case is unique, giving an exact average settlement amount is impossible. Settlements can range from tens of thousands to millions of dollars, depending on the circumstances and factors such as medical costs, liability and negligence, and punitive damages.
Keep reading to learn more about truck accident settlements. Call our Knoxville truck accident lawyers at (865) 582-0042 if you were hurt in a crash.
Factors that influence the average truck accident settlement
Generally, the more severe the injuries, the higher the potential settlement. Truck accidents often result in significant injuries due to the size and weight of the vehicles involved. Settlements must account for extensive medical treatments, long-term care needs, and any permanent disability or disfigurement.
- Medical costs: The settlement considers all medical expenses related to the accident. This includes emergency room visits, hospitalization, surgeries, medications, physical therapy, and future medical treatments related to the injuries.
- Lost wages and earning capacity: If the injuries prevent the victim from working temporarily or permanently, the settlement may include compensation for lost wages and loss of future earning capacity.
- Pain and suffering: Compensation for pain and suffering is calculated based on the injuries’ severity and impact on the victim’s quality of life. In severe cases, this is often a significant portion of the settlement.
- Liability and negligence: Tennessee follows a modified comparative negligence rule, which affects settlement amounts based on the degree of fault of each party involved. If a victim is found partially at fault, their settlement amount could be reduced proportionately.
- Punitive damages: In cases where the defendant’s behavior is especially reckless or negligent, punitive damages may be awarded. Do not delay in contacting an attorney, as there are certain investigations that need to be done (pulling data from trucks, log books, communication systems, cell phones, etc.) that the longer they wait the less likely we will be able to prove those types of negligence.
How Hotz & Associates, P.C. approaches your truck accident claim
At Hotz & Associates, P.C., we understand that each client’s situation is unique. We start with thoroughly evaluating your case, considering all aspects of your injuries and losses to ensure that any settlement proposal adequately reflects the full extent of your damages.
- Skilled negotiation: Our experienced attorneys are skilled negotiators who understand how to effectively communicate with insurance companies and opposing counsel to secure the best possible settlement for our clients.
- Aggressive advocacy: If a fair settlement cannot be reached through negotiation, we are prepared to advocate vigorously for you in court. We aim to ensure you receive the maximum compensation under the law.
- Understanding and compassion: We approach every case with sensitivity and a deep understanding of your challenges. We’re committed to achieving a successful financial outcome and providing support and guidance throughout the legal process.
Hurt in a truck accident? We can help.
While it’s challenging to pinpoint an average truck accident settlement, understanding the factors that influence settlements can help you set realistic expectations for your case. At Hotz & Associates, P.C., we are dedicated to providing personalized and effective legal representation to help you navigate the aftermath of a truck accident. If you need legal assistance or want to understand more about potential compensation for a truck accident in Tennessee, please contact us for a consultation.