Truck accidents are some of the most devastating incidents encountered on the road. These could result in dangerous and fatal injuries if there is a collision involving passenger vehicles, bicyclists, motorcyclists, or pedestrians. If the truck driver and their company are proven to be guilty of the accident, the victim will be provided a deserved personal injury settlement since there are two parties involved in the guilty party. Usually, truck accident settlements are higher than those involved in other accidents. Below is a discussion on the average settlements involved in truck accidents.
The Reason behind Larger Settlements
If you consult any of the reputed truck accident attorney in California, they would tell you that truck accidents usually have a record of receiving more settlements than the other vehicle accidents. Firstly, there are clearly laid out insurance requirements for commercial trucks. Besides, the victim is eligible to sue the truck driver and the trucking company unlike only a single opposing party in the other type of accidents.
Factors Affecting the Average Truck Accident Settlement
• Liability: The important question is regarding the number of parties responsible for the injury. The truck driver is usually included. Besides, the trucking company is also held responsible depending on the circumstances. If there are faults with the truck, the manufacturer could also be included in the lawsuit. Further, your own portion of responsibility is considered. Remember that California is a pure comparative negligence state. This means that the amount of damages you are eligible to recover will depend on your portion of the fault in percentage.
• The Extent of Injury or Disability: The extent of the injury is also a major factor in settlement of the truck accident case. In most cases, the higher the extent of your injury, the bigger the settlement amount you receive. Further, your ability to recover the loss of income and your ability to keep working also affects the settlement.
• Insurance Coverage: the insurance policies that are working currently also impact the settlement amounts. The minimum insurance coverage in effect for the trucking company or the truck driver is based on the type of goods that the vehicle carries. For instance, if the truck moves hazardous materials, the minimum coverage required is $5,000,000.
It is advisable to consult the experienced truck accident attorney near you if you are involved in an accident involving a truck. This will ensure adequate measures to get the settlement you deserve.