How to Determine Your Truck Accident Settlement Value
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- How to Determine Your Truck Accident Settlement Value
January 17, 2019
Truck accidents are often serious and can result in significant injuries. Many of these claims are settled before trial. However, it is important for accident victims to understand the value of their claim before accepting a settlement offer.
Our Phoenix truck accident lawyers at Phillips Law Group have experience pursuing maximum compensation on behalf of our clients. We can review the circumstances surrounding your accident to assess the full value of your claim. Contact us today to schedule a free and confidential case review.
Assessing Your Damages
The value of your claim is directly related to the damages that you sustain. These damages may include the following:
Property damage refers to the cost to repair or replace your vehicle. In many truck accident cases, the passenger vehicle is demolished while the truck sustains very little damage. This is due to the disparity in the weight and power between these two types of vehicles. A professional body shop can estimate the costs to repair your vehicle. Official guides like Kelley Blue Book also can estimate the approximate value of your vehicle.
Many truck accidents result in serious and debilitating injuries due to the large size and power of commercial trucks. You are entitled to compensation for the medical expenses that you have already incurred, in addition to those expenses reasonably expected in the future.
These expenses may include the following:
- Emergency room bills
- Ambulance or helicopter transportation
- Surgery expenses
- Rehabilitation expenses
- Follow up appointment expenses
- Therapy sessions
- Prescription medication expenses
Medical expenses are linked directly to the type of injury and its severity. When surgery is involved, medical expenses may be higher to account for the surgery costs, as well as follow up appointments and rehabilitation expenses.
Loss of Income
Your damage claim for lost income may consist of two parts. The first part is the actual amount of wages you lost because of your injury. For example, if you had to miss work because you were in the hospital or had a medical appointment related to your injury, you are entitled to compensation for your lost earnings. If you had to use a sick day or another work benefit, you may be able to receive compensation for these lost benefits. These damages are fairly simple to calculate as your attorney can use your current wages or salary information to estimate the cost of your lost income.
The second part of a lost income claim is based on long-term losses of income. Some injuries are so severe that they prevent a person from returning to the same type of work after the accident. In these situations, the accident victim can receive compensation for their lost earning capacity. Not all accident victims sustain these damages, and they are more difficult to value. An economic expert may be necessary.
Pain and Suffering
You are also entitled to compensation for the pain and suffering you sustained. This element of damages can be difficult to determine because it is based on what other people think your suffering is worth on a monetary level. Some insurance companies multiply the other expenses that are easier to track by a variable to calculate additional damages for pain and suffering. The value of the variable is usually based on various factors, including the severity of injuries, objective proof of pain, the long-term impact of the injuries and the identity of the defendant and its insurance company.
Time Limit to File a Claim
When filing a truck accident claim, time is not on your side. There are specific limits, called statutes of limitations, that govern the period during which you must file a personal injury lawsuit.
Arizona law requires personal injury victims to file a lawsuit within two years after the date of the accident. If this timeline passes, you will have forfeited your right to file a lawsuit and recover compensation for your truck accident claim.
Contact Phillips Law Group to Learn More
If you or a loved one was injured in a truck accident, you may be entitled to compensation from the negligent truck driver or company. An experienced Phoenix personal injury attorney can review the circumstances surrounding your during a free consultation. He or she can then discuss your legal options.
At the Phillips Law Group, we fight for maximum recovery on behalf of our clients. We charge no upfront fees and work on a contingency fee basis, so there is no risk in contacting us to find out about the potential value of your claim.
Call us now at 1-800-706-3000 or fill out ouronline formtoday.
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Working at Phillips Law Group has been great the 1st few years in I noticed how well organized and run this Firm was from Intake to Settlement the Client has the expertise of a staff member uniquely qualified for the particular stage of each Clients claim and all other Law firms try to emulate what we do here but none quite get it right because they lack one major component “Compassion”. We are a FAMILY not just a group of people/employees. We care deeply about each other and our clients’ we are considerate, compassionate and make sure that all our Clients’ needs are met from beginning to end. That’s because we treat our clients just like we treat each other. Nothing like walking through the office and saying Hello to fellow employees who always seem to be smiling. 16yrs in and it only seems to be getting better.
Definitely recommend! Awesome
They knew exactly how to explain the case to me in a way that I would understand it. They gave me hope that my life wasn’t over.
Phillips law group is a great firm! Caroline is great.
I would like to send special thanks to Phillips Law Group for giving me the opportunity to be a part of the Best Law Firm here in the Valley. During these troubling times with the epidemic, Phillips Law Group has masterfully created this family-like environment while still maintaining a professional and business-like approach for all their clients. Thru impeccable leadership that is unmatched by other law firms to the Multi-diverse employment opportunities that many employees advance within the firm; Phillips Law Group has not only distanced themselves from all other competition in the Personal Injury field but also has innovatively changed the narrative of being a great law institution. From providing Employee Appreciation Day to celebrating all major Holiday including great competitive contests; Phillips Law Group has the total participation of all employees to help contribute to the continued success of this firm. So in closing I would like to thank Senior Administration (Jeffery Phillips, Eva Chiaramonte, and Tim Tonkin) along with all of my colleagues and many friends for help making Phillips Law Group a unique and wonderful place to call my place of employment for 6+ years.
I want to thank attorneys Tim and Robert and the paralegal Bethany for all they had done on my case. They were all empathetic, knowledgeable and professional. All my questions were answered, emails returned in a timely matter, and promises fulfilled. I recommend Phillips Law Group if you need help with your injury case.
I tried a few previous law firms and none would take my car accident case with confidence they could get my anything. Phillips law group took my case and although it took around 4 years to get this case settled as I was in treatment, they never let up with insurance adjusters and they got me as much money as possible. They worked hard for me and advocated for me. Shoutout to key individuals who worked my case nonstop of the years, Robert Ross & Jasmine, you are AMAZING!
Many companies talk about teamwork but few practice it. Many companies talk about an employee friendly environment but few actually provide it. At Phillips Law Group the foundation of our success is making sure we work as a team and that we work in an environment that allows everyone to thrive and be at their best every day. Our firm understands that in order for the client to have a great experience the people responsible for that client’s case must be given all the necessary tools and encouragement to make that happen. That’s the Phillips Way. As a manager of this firm in charge of several employees as well as directly affecting the client’s experience I take tremendous pride in saying we live by these premises and we work hard to build on them and make them better every day. This is an amazing place because it has amazing people working here!
Great company and awesome service. Thanks Caroline fabos. Kudos to all.
I have been with Phillips Law Group for a little over a year and I have learned what teamwork and family in a workplace looks like. There is always someone around to lend a helping hand, which is something I appreciate and cherish. I feel a sense of joy coming to work every day because of my co-workers as well as being able to help people in what can be a scary and stressful situation. I currently work as a Litigation Legal Assistant with an amazing team. When I started here, I was not very knowledgeable in personal injury. I was lucky to have been placed with an amazing team who was willing to take time to teach and pass on some great skills that have been a huge aid in helping me be successful in my position. I would recommend working here at Phillips Law Group, because they care about their employees and there is so much room for growth.