GJEL Accident Attorneys are truck accident & injury experts and have recovered over $950 Million Dollars for our clients injured in truck-related or tractor-trailer accidents.
While there is no average settlement amount for a typical truck crash accident, GJEL has recovered over $10 million for our clients injured in trucking accidents.
Below are some of the actual settlement amounts GJEL has gotten for their clients injured in truck accidents.
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The examples above are actual Settlement Amounts for Truck Accident Cases that GJEL has gotten for our clients.
Factors That Affect the Value of a Truck Accident Claim
Several factors can impact the value of a truck accident claim. These factors include:
The party responsible for the accident will be liable for the damages caused. In a truck accident case, liability may fall on the truck driver, the trucking company, or another party.
Severity of Injuries
The severity of the injuries sustained in a truck accident will impact the value of the claim. Severe injuries that result in long-term disability or disfigurement will generally result in higher settlements or verdicts.
Medical expenses, including hospitalization, surgery, and rehabilitation, can quickly add up after a truck accident. The amount of medical expenses incurred will impact the value of the claim.
If you are unable to work due to your injuries, you may be entitled to compensation for lost wages. The amount of lost wages will impact the value of the claim.
Truck accidents can result in significant property damage, including damage to vehicles and other property. The cost of repairing or replacing damaged property will impact the value of the claim.
If the victim is found to be partially at fault for the accident, the value of the claim may be reduced. This is known as comparative negligence.
Average Truck & Semi Truck Accident Settlements
The average settlement amount for a truck or semi truck accident claim will vary depending on the specific circumstances of the case. However, truck accident settlements are generally higher than settlements for car accidents due to the severity of injuries and damages involved.
According to data from the Insurance Information Institute, the average settlement amount for a commercial truck accident in 2019 was $1.6 million.
Average Truck Accident Verdicts
In cases that go to trial, juries may award verdicts that are significantly higher than settlement amounts. According to data from the National Law Journal, the average verdict amount for a truck accident case in 2019 was $19.3 million.
However, it is important to note that these amounts are not representative of every truck accident case. The value of a truck accident claim will depend on the specific circumstances of the case.