Truck accidents can be devastating, and recovering from the severe injuries caused by a truck accident is often painful and expensive. Despite the catastrophe of truck accidents, they are common in Odessa since Texas has the most truck accident fatalities in the country, according to the National Highway Transportation Safety Administration.
If you were in a truck accident and are now facing mounting medical bills and lost wages from time off work, you may be wondering how you will pay the bills and support your family, all while trying to recover from your injuries. If this sounds like you, you should know your legal rights. You may be owed a settlement for your injuries and losses if your accident was caused by another person’s recklessness.
You may be wondering what the average semi-truck settlement in Odessa, TX, is and if it will help you cover those growing expenses. Continue reading for our breakdown of what is the average semi-truck settlement in Odessa, TX.
Will I Receive a Settlement?
If you were injured or suffered losses in a truck accident in Odessa, TX caused by the carelessness of another person, it is likely that you are owed compensation for those injuries and losses. Semi-truck settlements are determined by the at-fault party. This means if the accident was not your fault, you will likely be eligible to receive a settlement from the at-fault party’s insurance company.
In the case of truck accidents, the driver, truck company, or manufacturer may be found at fault depending on the cause of the accident. Since truck accidents often cause severe injuries and losses, truck companies are required to have more thorough insurance coverage than the average driver. Because of this, you may be able to receive a full settlement even for severe injuries that have a higher financial cost.
However, these insurance companies often offer an initial settlement that is lower than a claim holder deserves. That’s why it’s so important to contact an attorney with a background in settling truck accident cases as soon as you are able. You don’t want to be undersold when you have a case for fair compensation that might help you pay the bills and support your family. An experienced truck accident lawyer, like Attorney Robert White, can review the details of your case to determine the amount of compensation you actually deserve so that you can get back on your feet.
What Factors Determine My Settlement Amount?
If another party was fully responsible for the accident, then you may have the right to compensation for all of your accident-related expenses. You may be entitled to compensation for:
- Injuries including bruises, broken ribs, brain trauma, and more
- Medical appointment and emergency room bills
- Lost wages or future lost wages
- Assistive equipment, such as wheelchairs or crutches
- Pain and suffering
- Rehabilitation appointment fees
- Medication costs
- And more
Truck accident lawyers have the necessary education and experience to know what losses qualify for compensation for your unique case. Consulting a reliable and trusted attorney will benefit your case to make sure you are seeking all of the compensation you are owed.
How Is My Settlement Calculated?
While there isn’t a specific formula that can give you an accurate number of your potential settlement amount, there are multiple factors that contribute to how a settlement is built. The severity of your injuries, the at-fault party, the reckless actions that caused the accident, the evidence presented, and the insurance policy limits are just a few of the main factors considered when calculating how much you are owed.
Each case is unique, and your accident is unlike any that came before it. To give yourself an idea of how much you may be able to seek in compensation, you can look at the total financial expenses you have faced due to your injury. Then, multiple that by three. However, this is not a set number and it is likely that you may receive more or less than that number depending on the severity of your injuries. However, by calculating your own expenses, you can gather a rough idea of how much compensation you and your legal team can seek.
Consulting a semi-truck accident lawyer can help you more accurately calculate the amount of compensation you may be owed. An experienced attorney can review your case, consider all of the many factors, and determine how much your case is really worth so you are not left in the dark about how much you may deserve.
Call Attorney Robert White
Truck accidents are devastating, and fighting for a fair settlement can be complex. While you are recovering, there is no need to fight this legal battle alone. Attorney Robert White is a trusted truck accident attorney with a long-standing history of fighting for compensation for clients in Odessa, Midland, and throughout the entire Permian Basin of West Texas. Our team has recovered settlements for our truck accident clients ranging from $413,000 to over $1 million and is ready to help you too. Attorney Robert White is ready to be your trusted ally in this fight for your deserved compensation. Contact us today by filling out our online form or giving us a call so that we can get started on your case right away.