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What’s the average settlement for a semi-truck accident?

Calculating the average settlement for a semi-truck accident involves navigating a web of complexities unique to each case. Factors like the severity of injuries, the extent of property damage, and the details of the crash play critical roles in shaping settlement amounts.

Here’s an engaging overview of what drives these settlements and how Weir & Kestner Injury Lawyers skillfully guide our Murfreesboro personal injury clients through the intricacies of their claims.

average settlement for semi truck accident

Factors affecting the settlement amount

Several key factors impact the settlement value in semi-truck accident cases:

  • Severity of injuries – Generally, more severe injuries result in higher settlements due to increased medical costs, longer recovery periods, and greater compensation for pain and suffering.
  • Medical expenses – Current and future medical expenses significantly influence settlement amounts. These include hospital stays, surgeries, medications, physical therapy, and long-term care needs.
  • Lost wages and earning capacity – If the injury impacts your ability to work, compensation can include current lost wages and future lost earning potential.
  • Pain and suffering – Non-economic damages for pain and suffering often constitute a substantial portion of a settlement, especially in cases of permanent disability or chronic pain.
  • Property damage – Damage to your vehicle and other personal property can also be included in the settlement.
  • Liability – Tennessee follows a modified comparative negligence rule, where your compensation can be reduced by your percentage of fault in the accident. Full liability on the part of the truck driver or trucking company typically results in higher settlements.

The role of insurance in settlements

Truck drivers and trucking companies generally have larger insurance policies than standard vehicle policies, often up to $1 million or more. This is because trucks can cause more significant damage and injuries. However, dealing with commercial insurance carriers can be challenging as they often aggressively defend against large claims in an effort to minimize or eliminate payout.

Typical settlement ranges

While there’s no set “average” settlement, semi-truck accident claims can settle for anywhere from tens of thousands to millions of dollars. Smaller cases involving minor injuries might settle for the lower tens of thousands, whereas accidents resulting in severe injuries or death can reach high six or even seven-figure settlements.

How Weir & Kestner Injury Lawyers can help

At Weir & Kestner Injury Lawyers, we have a strong track record of advocating for truck accident victims. We understand the devastating impact these accidents can have on your life and are dedicated to helping you secure the maximum compensation possible. Our approach includes:

  • Thorough investigation – We investigate every aspect of the accident to establish liability and gather evidence that supports your claim.
  • Expert collaboration – We work with medical professionals, accident reconstruction experts, and economic impact analysts to substantiate your claim for damages.
  • Skilled negotiation – Our experienced attorneys negotiate with insurers to achieve settlements that fully reflect your losses.
  • Litigation readiness – If a fair settlement cannot be reached, we will take your case to court to fight for your deserved compensation.

If you or a loved one has been involved in a semi-truck accident, contact Weir & Kestner Injury Lawyers today to schedule a free consultation. We are committed to providing personalized legal representation to help you navigate the complex aftermath of a semi-truck accident and secure the compensation you need to move forward with your life.

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