How Much Will I Get If I Win My Georgia Truck Accident Case?

8/15/2022 By webmaster Read in about 6 minutes

Truck accidents are typically more serious than typical car crashes, resulting in severe injuries and extensive vehicle damage.

Because multiple parties and contributing causes may be involved, it is impossible to determine how much your case is worth without first learning more about your unique situation.

To get started, schedule your free consultation with a Georgia truck accident lawyer near you – right here at the Mike Hostilo Law Firm!

How Much Can I Win In A Georgia Truck Accident Settlement?

Because no two truck accident claims are identical, our team takes a customized approach to each one. There is no standard formula for estimating the value of your case, but once we learn more about the extent of your injuries and property damage, our truck accident lawyers will have a better idea of the settlement you deserve.

In most instances, truck accident cases settle for more than typical car accident cases. Commercial trucks often weigh up to 40 tons, so it is no surprise that collisions result in serious damages. The most dangerous Georgia truck accident cases may be worth millions of dollars, especially if injuries result in a permanent disability or keep you out of work.

8 Common Factors That Impact the Amount Recovered in a Truck Accident Settlement

When estimating the value of your truck accident settlement, our legal team considers these common factors:

Cost of Medical Care
The damages you receive will be used to compensate for medical expenses, so the more extensive your treatment, the more valuable your case. Insurance companies often use the cost of medical care as the main indicator of a truck accident claim’s value.
Truck Driver’s Role in the Accident
The trucker’s (or trucking company’s) type of mistake is an important factor as well. If they acted in an obviously negligent or reckless way, they may not have a very strong defense. But if other factors were involved, the case becomes complicated. That is why it is crucial to have a Georgia truck accident lawyer near you advocating on your behalf.
Insurance Limits
Because the truck company’s insurance agency will pay your settlement, their policy influences the amount you’ll receive. Most commercial truck companies carry at least one million dollars of insurance, with umbrella coverage or excess insurance policies adding extra protection. While they will do all they can to avoid a payout, most large truck companies have assets available to pay more than their policy limits. Your Georgia truck accident lawyer’s role is to identify these resources and negotiate with the insurance company to ensure you never settle for less than you deserve.
Lost Income
If your injuries keep you from returning to work, you may be entitled to compensation for lost wages. The amount you receive depends on your average weekly wages and the amount of work that you missed.
Loss of a Normal Life
“Loss of enjoyment” or “loss of normal life” refer to the non-economical impacts of a truck accident. These emotional losses, such as the inability to participate in hobbies or activities you once loved, may increase the value of your truck accident claim.
Pain and Suffering
Simply put, the more severe your physical injuries, the higher the settlement. Pain and suffering, however, also refers to the emotional and mental impact of the wreck – and may include depression, anxiety, shock and more.
Property Damage
Truck accidents that result in minor damage are worth less than those that require extensive, costly vehicle repairs. Because some accidents with little vehicle damage may cause serious injuries, it is important to remember that this is just one factor considered.
Violation of Truck Regulations
The trucking industry is heavily regulated, with a unique set of rules designed to protect both truckers and other drivers on the road. If a truck driver fails to follow these regulations, it may increase the value of your truck accident settlement. Trying to cover up reckless behavior or falsify driving logs could also cause more trouble for the trucking company. And if the company has a history of violating regulations, your case may be worth more than a case involving one simple act of negligence.

How to Maximize My Georgia Truck Accident Settlement

Because truck accidents can be very complex, you need a strong advocate on your side. A truck accident lawyer can help maximize the compensation you receive by handling every aspect of your case – including evidence collection and insurance company negotiations.

If you’ve been injured in a trucking accident, seek medical attention right away. Due to the statute of limitations, we recommend filing your truck accident claim as soon as possible – before it’s too late! Our team is here to help, so schedule your free initial consultation today!

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How Much Will I Get If I Win My Georgia Truck Accident Case?

How Much Can I Win In A Georgia Truck Accident Settlement?

8 Common Factors That Impact the Amount Recovered in a Truck Accident Settlement

How to Maximize My Georgia Truck Accident Settlement

More Questions? Discover A Georgia Truck Accident Lawyer Near Me