How much you should settle for after your truck accident depends on a variety of factors unique to your situation.
Some of these factors include:
- The cost of your economic damages (i.e., medical bills and lost wages)
- The severity of your injuries
- Your quality of life after the accident
If the insurance company offers you a low settlement, you are under no obligation to accept it. You can continue negotiating for a settlement until you are offered the money you need. However, this is not always easy, and the insurer may go to great lengths to impede the progression of your case.
After reviewing the cost of your financial and non-financial damages, we could help you.
Your Settlement Should Include the Cost of Your Economic Damages
Once you accept the insurance company’s offer, your case is effectively over. You will not be able to request more money because, as far as the insurance company is concerned, your case has been resolved.
When thinking about what a fair settlement offer would look like in the aftermath of a truck accident, you should consider the cost of your economic damages. These are losses that have a monetary value.
The American Bar Association (ABA) gives some examples:
- Healthcare expenses
- Lost wages
- Loss of future earning capacity
- Pain and suffering
The cost of your economic damages could dictate the cost of your non-economic damages. In most cases, the higher your medical bills, the more you can recover for your pain and suffering.
When thinking about how much you should settle for after a truck accident case, consider the many costs of your accident-related losses.
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The Severity of Your Injuries Could Factor into Your Settlement Amount
Truck accidents can result in lifelong impairments. You deserve to be compensated for the full impact of your injuries on your life. When considering a potential settlement offer, think about the nature of your injuries. Ask yourself: will they place long-term limitations on your physical abilities? Are you able to work in the same capacity that you used to?
Some examples of injuries that could factor into the cost of your settlement amount include:
- Cuts and lacerations
- Broken bones
- Nerve damage
- Internal bleeding
- A traumatic brain injury
- The loss of a limb
- Spinal cord damage
- Torn ligaments
- Sprains and strains
You want your settlement amount to account for the full scope of your injuries, including what you are suffering now and will in the future. Before accepting a settlement offer, consider whether it will cover the cost of your medical treatment and associated trauma.
Consider Your Quality of Life During the Negotiations Process
Your quality of life in the aftermath of a truck accident could be completely transformed. These impacts could be included as a part of your claim. “Impaired quality of life” is a compensable expense in many truck accident cases.
When thinking about your quality of life, you should ask yourself:
- Will my injuries keep me from working for a prolonged period?
- Am I as mobile as I used to be before the accident?
- Do my daily pain levels interfere with my day-to-day function?
- Can I continue to care for my children or live independently?
Your answers to these questions could provide you with some insight into how much you deserve to seek for your truck accident-related damages. We could help you determine the cost of your losses and explain what a fair settlement amount would look like in your case.
How We Can Help You Seek Compensation
You do not need to calculate the cost of your own losses. This is because we can do this for you. By reviewing your employment records, medical bills, receipts, and invoices, we can determine the cost of your damages.
We can also help you pursue a settlement for your losses through negotiations with the liable insurer. If the insurer refuses to pay for the cost of your losses, then you could seek a financial recovery via a lawsuit.
You only have a two-year window in which to file a truck accident lawsuit in Georgia, according to O.C.G.A. § 9-3-33. You must take action before the statute expires, or else you may forfeit your right to secure a financial recovery. We can look into your circumstances and explain how this timeframe may apply to your situation.
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Contact Bader Scott Injury Lawyers Today for Help with Your Case
Our team does not want to settle your case for less than you deserve. We want to help you pursue a financial recovery for your losses and hold the negligent party accountable.