How much a truck accident settlement is worth depends on the severity and extent of the losses suffered by the accident victims. Medical costs and property damages are major factors. Long-term lost income or lost earning capacity, a loss in the enjoyment of life, and damages for pain and suffering that the victim had to endure because of the accident may also be included in a settlement.
Accordingly, there is no universal answer, or even estimate, for how much a truck accident settlement is worth; the outcome will differ on a case-by-case basis. Our law firm handles truck accident lawsuits and may be able to estimate a fair settlement range for your case.
Recoverable Damages in a Truck Accident Case
The damages in a truck accident case can be thought of as the amount needed to get the victim back to where they were physically and financially before the accident occurred. You could qualify for economic damages, which are actual costs that can be quantified, and non-economic damages, for things such as pain and suffering.
Depending on the nature of the accident, the recoverable damages in a personal injury case may include:
- Current medical treatment expenses
- The costs of future care, rehabilitation, or therapy
- Lost income or wages, including lower earning potential
- Property damage, particularly damage to your vehicle
- Pain and suffering, including emotional trauma and/or mental anguish
- Permanent or temporary physical disability
- Permanent or temporary intellectual disability
- Scarring or disfiguring marks
- Overall reduced quality of life
To estimate the value of your economic and non-economic damages, we can:
- Call on medical or economic experts
- Review bills or receipts for expenses related to the accident
- Estimate how much money you may spend or lose in the future
- Speak to your family or friends about how the accident has affected you
With the help of these resources, we may calculate a fair settlement based on the damages multiplier. This figure may be set somewhere between 1.5 and 5, or even higher in some cases. The damages multiplier may be used to arrive at a settlement figure for the non-economic damages in your case.
Because of these many variables, how much a truck accident settlement is worth can vary widely from case to case. In the past, we have recovered as much as $1.5 million for truck accident victims. Our team can work hard to recover what you deserve, whatever that amount turns out to be.
Proving Liability in a Truck Accident Case
You may be able to seek a settlement for your truck accident damages as long as you can:
- Prove that the at-fault party owed you a duty of care
- Establish a link between the at-fault party’s failure to fulfill their duty of care and the accident
- Show that the economic or non-economic damages have had a negative impact on you
- Provide proof of the extent or severity of your losses or injuries
- Ensure you follow all relevant legal, administrative, and insurance requirements before filing
This is a lot to ask of someone who is still recovering from a truck accident. Our team can help you satisfy all of the above requirements and fight for a fair settlement by:
- Providing all callers with a free, no-obligation case review over the phone
- Explain all of your legal options and help you make the best possible decisions for yourself and your family
- Collecting crucial evidence related to both the liable party’s culpability and the damages you suffered as a result
- Managing all written and oral communication with the liable party, their representatives, and the courts
- Fielding all settlement offers from the liable party’s insurance company and negotiating for the amount you need
- Advocating for you in court if the insurance company refuses to offer an appropriate pretrial settlement
- Taking the time to answer whatever questions you have about your case or the legal process in general
The Deadline to Sue in Ohio
If you are thinking of taking legal action for your injuries, keep in mind that there is, generally speaking, a two-year statute of limitations for filing a personal injury lawsuit in Ohio, per Ohio Revised Code Section 2305.10. Failure to take legal action within the deadline that applies to your case could result in your lawsuit being dismissed.
By starting your case as soon as possible, you can:
- Avoid running out of time to take legal action
- Increase the chances of finding important evidence (some evidence, like video footage, may be deleted if you wait too long)
- Give our team more time to build the strongest possible case
How Ohio Defines Contributory Fault
Another factor that could affect the value of a truck accident settlement is contributory fault. Per Ohio Revised Code Section 2315.33, if a victim is 50% or less at fault for an accident, they may still be able to recover compensation for their damages. However, this compensation may be reduced.
This rule may sound intimidating, but a lawyer from our firm can help you understand and navigate such potential obstacles. This service can provide you and your family with the peace of mind you need to focus on what matters: recovering from your injury and building towards a new normal.
Call the Fitch Law Firm LLC Today
If you were hurt in a truck accident caused by someone else’s negligence, the Fitch Law Firm LLC can help you determine how much your case is worth and what you can recover through a settlement. For a free consultation, call the Fitch Law Firm LLC today at (614) 545-3930. We represent our clients on a contingency basis, where we do not collect attorney fees unless and until they recover compensation.