How to Calculate Your Trucking Accident Settlement Value

Did you know that 7 out of 10 truck accident cases are settled before the trial? The reason is simple: both sides save a lot of money if they can negotiate a deal.

However, in order to settle a deal, you have to know how much your case is worth. If you have been in a truck accident, it is important to consult with a knowledgeable Los Angeles Truck Accident Lawyer. Schedule a free consultation, and learn how you can file a claim and receive the compensation you deserve.

Here is how the calculations are done.

Los Angeles Truck Accident Lawyer

Medical Costs

The first things that are taken into consideration when determining your case’s full value are your medical expenses. Since almost all truck accidents involve at least one dead person and one or more heavily injured individuals, assuming that you very lucky and got out of it alive, you will have to receive immediate medical treatments, potentially followed by several therapies, surgeries, and rehabilitation. The costs of everything – more than you could afford to pay.

Good news is that you don’t have to worry about your medical costs. If you had an insurance prior to the accident, they will take care of it. If you didn’t have one and you are a victim of the accident, the responsible party’s insurance company will have to compensate you for the medical costs.

When calculating your settlement value, the insurance company will take the following into consideration:

• Current medical costs
• Future medical costs

      This involves :

• Prescription drugs
• Emergency room visit
• Ambulance transportation
• Helicopter transportation
• Surgery expenses
• Rehabilitation
• Therapies
• Other medical expenses

In addition, any future medical costs that you will have to cover (prescription drugs, additional surgeries, treatments) will also be calculated in your settlement.

Property Damages

Right after the injury, you are going to require professional help not only for your representation but also for evaluating the damages done to your vehicle. This is where our Personal Injury Attorneys in Los Angeles come in; once you give us a call, our attorneys will help you evaluate the full damages done to your vehicles, and calculate the property damages that you can recover within your settlement. Be sure to give us a call the moment the accident takes place.

Loss of Income, Pain and Suffering

If you are unable to continue to work, if you miss work while being hospitalized, you can receive compensation for your los wages. This is calculated based on your average weekly wages (taken from your wage reports within the last 6 months).

Additionally, you may seek compensation for the pain and suffering you endured. This one is difficult to calculate, as most insurance companies use multipliers to determine the value of your compensation.

Normally, they take your medical costs and based on your injury, multiply them with a corresponding factor (Anywhere between 3 and 15). For example, for a broken leg and medical costs of $3,000, you may receive up to $12,000 in the settlement.

Speak with our attorneys and learn more about how the settlement is calculated and other legal issues concerning a truck accident. We offer a free consultation, so don’t hesitate to get in touch with us.