How to Determine Your Truck Accident Settlement Value
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.
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.
Jasmine helped me so so much I want to thank her ! And also Aaron , i was always scared after an accident , knowing I would have to deal with lawyers but not here . Luckily I’ve only been in 3 accidents but this time it was fast and easy . And i received all the treatments I needed to help me recover ! Thank you Jasmine and Aaron!
The lawyers here are of top quality. Especially Trey Dayes, who was always respectful and hard-working.
I would like to thank Vanessa Rodriguez for helping me with my case because I was in total shock about the accident. She had listened to all my concerns and had answered every question I had . She was great !!!
My Attorney Sean Davis and his paralegal Hannah Dustin worked on my case. They listened to the problems that I was having with my case and they both got right to work. First they found me a doctor that actually listened to my problems from my car accident and worked quickly to form a plan that was comfortable for me and the doctor. The doctor was the best and after a couple of procedures the pain in my neck was gone. Behind the scenes Sean and Hannah were working hard to get my case settled with the insurance company. They kept in contact with me on all aspects of my case. They settled my case much faster than I expected and for more than I was expecting. If you want two real professional legal people to work on your case, I would highly recommend Sean and Hannah to you. I cannot say enough nice things about these two. Thank you so much, Rickey Hart .
Sophia H. at Phillips Law Group has been an absolute joy to work with -quick, responsive, and professional in every interaction. Her breadth of knowledge, from administration to IT to finance, is nothing short of impressive.
Jasmine Delgado is an amazing paralegal. She was patient, kind and extremely knowledgeable. Highly recommend Phillips law group
Phillips law group is the best around!
Thank you Phillips Law Group for all the support and back to school assistance we appreciate it.
Phillips Law Group has a proven track record of success. Juan Roque, in particular, is integral to that. He works with integrity, compassion, and an undefeated optimism that makes him a valuable asset.