What does settlement mean in a truck accident case?

time to read: 3 minutes

A settlement is a way to get financial justice for a truck accident. It is compensation that the at-fault party agrees to pay to account for their negligence. An Orlando truck accident lawyer from our team can fight to secure a fair settlement for your truck accident case. As the injured party, you might be facing extensive and expensive physical injuries and concerns for your future. The team at DWK Law understands the challenges ahead and is here to make the journey smoother.

what does settlement mean in a truck accident case

What is a settlement in a truck accident case?

A settlement is an out-of-court way to resolve a personal injury claim. If you have been involved in a truck accident and hurt by someone else’s negligence, you have the right to hold that negligent party accountable for paying you damages. 

DWK will conduct a thorough investigation of  the accident to determine whether the truck driver, the trucking company, or another third party is culpable. Your attorney will calculate a settlement amount and send a demand for payment to the at-fault party, and potentially their employer. Once that party agrees to pay and you accept the offer, your case is “settled.”

What compensation is included in a settlement?

Truck accidents typically cause extensive damage because of the size and weight of tractor trailers and the damage they can cause. Victims can sustain traumatic brain injuries or spinal cord damage along with other serious or catastrophic injuries. Data from the National Safety Council (NSC) shows 114,552 trucks were involved in injury-causing crashes over a recent year.

A personal financial crisis often follows a truck accident as you face medical expenses, potential lost wages, and damage to your vehicle. Your attorney can help you identify and value your accident-related expenses and losses, as well as your emotional distress and reduced enjoyment of life which will all be reflected in your settlement demand.

How do you secure a settlement in a truck accident?

The at-fault party may offer you a fast, initial settlement after your accident. Do not accept it without having DWK review your case. This first offer is typically far less than what you deserve, and a personal injury lawyer can often help you secure a higher settlement. 

Your Orlando truck accident lawyer will investigate and gather evidence to support your claim against the at-fault party to support your claim of losses. You are in a vulnerable state after a truck accident. Experienced legal representation can help you consider and account for both short-term and long-term possibilities, protecting you from the injustice and financial instability that can result from a lowball settlement.

How much is the average truck accident settlement?

There is no actual “average” truck accident settlement amount. The specific factors of every truck accident claim are different, and those respective factors affect each case’s settlement amount. 

Predicting an amount is not possible, but we do promise to fight for the highest amount possible for you. Our goal is to value your medical costs, lost wages, pain and suffering, and all other damages, and help you get back on your feet and enjoy life. 

How is a settlement different from a trial award?

A settlement is an out-of-court resolution to a truck accident case, while a trial award is compensation secured by taking a case through the entire legal process and winning the court battle.

Your attorney obtains a settlement by negotiating with the at-fault party’s representatives. Typically, DWK sends a demand letter, and the other side responds with an acceptance or counteroffer. The opposing party may request other evidence prior to submitting a counteroffer. This process will continue until you can agree on a mutually acceptable amount. 

We can lead your fight for a fair settlement

A skilled truck accident lawyer from DWK is here to help. We will listen to your story with compassion and work tirelessly to get you justice. Call (407) 244-3000 or connect here to schedule a free consultation. We know how to build strong truck accident claims and will fight on your behalf to secure the highest settlement possible.

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