It is impossible to estimate the average settlement for a truck accident in Texas. This is because there is no central repository for personal injury settlements. In fact, many truck accident settlements are confidential.
It is possible to understand the factors that go into determining a specific claim’s value, however. We can determine the value of your case after reviewing your situation.
Factors that Could Increase the Value of Your Claim
There are numerous factors that could determine the value of a potential truck accident injury settlement. Some of these factors include:
The Severity of Your Injuries
The more severe your injuries are, the more substantial your settlement might be. Some injury-related factors that could increase the amount of money you get include:
- Your estimated recovery period
- The economic value of your medical bills
- Whether you will need assistive devices or physical therapy
- Whether your injuries will permanently affect your appearance
The permanence of your injuries can also play a part in determining the value of your claim. If you have been disfigured or are living with a permanent disability, these elements can also increase the cost of your damages.
The Liable Policy’s Limits
If you file an insurance claim, you may only be able to recover compensation up to the liable policy’s limits. For instance, if a trucking company carries $100,000 in liability coverage, then you could only get a maximum settlement of $100,000––even if your damages cost more.
Our firm wants you to get the money to which you are entitled. We can explain what options you have when filing a claim and what measures could pay for your losses.
Harm to Your Earning Power
The specific nature of your job could impact the compensation you are entitled to collect. A permanent disability could make returning to your previous job impossible, making it difficult for you to make a living.
If you are forced to seek a new line of work due to your injuries, you could be entitled to additional compensation for the cost of vocational training or education.
Your Quality of Life
The impact of the accident on your quality of life could also increase the amount of money you can receive. Some things that could reduce your quality of life include:
- Whether you will have a long-term disability
- Whether you can live independently
- Whether your day-to-day function has been disrupted
- Whether you can continue looking after your children
- Whether you will need to hire someone to do things like mowing the lawn, doing your laundry, and cooking
Whether You Lost a Loved One
If you lost a loved one in a truck accident, then your damages might look different than a claimant who suffered a non-fatal injury. Some losses that could add to the value of your claim include:
- Funeral expenses
- Embalming
- Cremation
- The burial plot
- Loss of consortium
- Loss of parental guidance and household benefits
In Texas, only certain family members are eligible to file wrongful death claims. We can review your case and explain your options.
Types of Economic and Non-Economic Damages You Can Recover
The American Bar Association (ABA) says that, in general, injured claimants are eligible to recover the following types of damages:
- Medical costs
- Motor vehicle repair expenses
- Pain and suffering
- Lost wages
- Diminished future earning capacity
- Mental anguish
- Disability
- Disfigurement
- Loss of consortium
You could recover these losses by filing an insurance claim or bringing your case to court. If you go with the latter option, your case will be subject to the state’s statute of limitations, which is detailed under Texas Civil Practice and Remedies Code § 16.003.
Our Firm Will Partner with Consultants to Learn About Your Case’s Value
When calculating the value of your collision-related damages, we will not only review your case’s documentation, but we will also consult field experts, such as:
- Economists
- Medical professionals
- Our colleagues
- Mechanics
- Appraisers
Through our conversations with these experts, we can determine the value of your past, present, and future losses.
Reach Out to Loncar Lyon Jenkins About Your Car Accident Claim
Since 1988, our team has recovered millions of dollars in damages. When you entrust your case to us, we can explain the average settlement for a truck accident claim and what a fair settlement would look like in your case.
For help with your legal matters, reach out to Loncar Lyon Jenkins. Make the call to (877) 239-4878 for a free consultation as soon as possible. We work on a contingency-fee basis, so you don’t owe us any money upfront. Only will we collect our payment when you receive compensation for your damages. You have nothing to lose, so contact us today.
