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Should I Accept a Settlement After a Truck Accident?

Dealing with the aftermath of a motor vehicle accident can be overwhelming, especially if your accident involved a commercial vehicle or semi-truck. Trucking companies may offer you a settlement after an accident in order to avoid costly and time-consuming litigation, but these offers aren’t always as ideal as they may seem. These big companies may be looking to protect their bottom line, and could vastly undervalue your claim in the process.

To ensure you’re getting a fair deal, make sure you discuss your legal options with an attorney before accepting any settlement offers that come your way. And, to prepare yourself for the upcoming process, make sure you know what to expect.

Why Shouldn’t I Accept the First Offer?

Though it may be tempting to accept the first offer that comes your way, it is extremely important to consider your options carefully before you accept any offers after a truck accident. In many cases, the first offer a truck company makes after an accident is their ideal offer, not yours. No company wants to give away more money than necessary, so, in most cases, you’ll need to do some hefty negotiating in order to obtain a settlement that adequately compensates you.

If you work with an attorney, they can make a case for the value of your case and negotiate with the trucking company’s legal representative to reach a much higher settlement on your behalf. If you settle before negotiations can take place, you probably aren’t getting maximum compensation for your accident.

Alternatively, if a settlement can’t be reached, the case may go to trial, at which point your attorney can fight for a vastly more substantial verdict.

How Do I Know What My Case Is Worth?

Determining the value of your case is extremely tricky, as there no fool-proof calculator that can provide you with a definitive dollar amount. That being said, there are certain aspects of your case that can increase its value, which can give you a clearer picture of what to expect from a fair settlement or verdict. If you suffered severe, life-altering, catastrophic injuries, your claim should be substantially more valuable, especially if those injuries require ongoing care or medication. Remember, the claim shouldn’t just cover the cost of your medical expenses, it should also cover future medical costs, future care expenses, and lost wages, lost potential earnings, and, if applicable, compensation for property damage. Additionally, your settlement should compensate you for emotional or mental trauma, including loss of quality of life, pain and suffering, and, if you are filing a wrongful death lawsuit, the funeral expenses for your deceased loved one, and compensation for the loss of their support and companionship.

Our Firm is Here To Help

If you were harmed in a motor vehicle accident involving a semi-truck or other large commercial vehicle, make sure you know your legal options before you accept a settlement offer. Although settlements can be very effective legal solutions, they should be handled with care and overseen by an attorney who has your best interest at heart.

To get started, contact Lauri J. Goldstein & Associates, PLLC and discuss your truck accident case with our team.