Average Truck Accident Settlement in Florida
Truck accident settlements can range from thousands to millions of dollars, depending on your injuries and other factors surrounding the incident. Because every case is unique, there isn’t a good way to accurately calculate an average truck accident settlement in Florida. But by considering the factors that affect truck accident settlements, you can better understand what your case may be worth.
Types of Losses Typically Included in Truck Accident Settlements
Most truck accident settlements in Florida cover both economic and non-economic losses.
Economic damages are losses with a specific dollar value. Examples include past and future medical expenses, lost wages, diminished earning capacity, disability accommodations, and property damage. To determine the value of economic losses, your lawyer will add up your past bills and work with experts to estimate your future expenses and costs.
Non-economic losses refer to the personal harm you’ve suffered. Non-economic losses include the pain and suffering you experienced, the emotional distress you continue to experience, and the effect your injuries have on your quality of life.
There are several ways to quantify these inherently subjective losses. For example, your lawyer may call upon their considerable experience with similar cases to estimate what a jury might award you in pain and suffering compensation if your truck accident case went to trial. Insurers may rely on formulas like the multiplier method, in which they multiply your economic losses by a number between 1.5 and 5 based on the severity of your injuries and how they’ve affected your life.
Factors That Affect Tractor-Trailer Crash Settlement Values
Several key factors affect tractor-trailer crash settlement values in Florida. Among the most crucial are:
- The severity of your injuries, as more severe injuries tend to result in higher economic damages
- The extent and complexity of your medical treatment, which impacts the cost of your medical bills
- Whether your injuries leave you permanently disabled, as that can result in long-term wage loss
- The parties liable for your injuries, as more at-fault parties mean more potential sources of compensation
- Available insurance policies, as trucking companies are required to have up to $5 million in liability insurance coverage, depending on the truck’s weight and cargo
- Whether you contributed to the accident in any way, as insurance companies will use your negligence to diminish the value of your case
How Our Attorney Can Work to Maximize Your Truck Accident Settlement
At Rosen & Ohr, P.A., our truck accident attorney can work to maximize your Florida truck accident settlement by investigating the accident to identify all at-fault parties and collect necessary evidence to hold each liable for what happened. We’ll also assess the full extent of your losses and identify all potential sources of compensation, including relevant insurance policies. We can then negotiate with the insurance companies to seek a settlement that covers everything you’ve suffered because of the at-fault party’s actions.
If the insurance company refuses to offer a fair settlement, our team will be fully prepared to take your truck accident claim to trial and argue your case before the court. Our goal is simple: to recover maximum compensation for you, whatever that entails.
Contact Truck Accident Law Firm Rosen & Ohr, P.A., Now for a Free Consultation
If you suffered serious injuries in a Florida truck accident, contact Rosen & Ohr, P.A., today for a free consultation with an experienced truck accident attorney. Our law firm has been representing truck accident victims for over 45 years and has secured millions of dollars for them. During your initial consultation, we’ll review the truck accident details, explain your options for seeking compensation, and explain the legal process.
