When it comes to semi-truck accidents, even a minor impact can result in severe injury and property damage.
Understandably, after a truck accident, many victims search online for what an average settlement is for a semi-truck accident.
Here is some information to help you understand how courts apply a semi-truck accident settlement calculator.
Average Settlement for Truck Accident
Because no two semi-truck accidents are alike, there is no average semi-truck accident settlement amount in Texas.
However, several factors play a significant role in determining your claim’s value.
The Responsible Party
Determining fault is crucial to calculating your settlement’s worth. Texas is a modified comparative negligence state.
This means that you can collect damages if you are less than 51% at fault for the accident. But you can only collect a percentage of your damages based on your share of fault.
For instance, if a jury finds you 20% at fault, you could collect 80% of your damages.
Another critical factor is the type of injuries you sustain and how severe they are.
The more extensive your injuries, the greater your medical expenses and property damages.
Severe injuries also often equate to lost wages or permanent disability.
These types of damages are called economic damages and compensate you for expenses related to your accident and resulting injuries.
Cases in which victims suffered permanent injuries or a lifelong disability are worth more than cases involving injuries that heal after several months.
Intangible losses—like pain and suffering, mental anguish, and loss of consortium—also factor into your settlement amount.
These damages, called non-economic or general damages, are subjective losses.
They are less quantifiable than economic damages and help compensate accident victims for emotional injuries.
They can sometimes constitute the bulk of a semi-truck accident settlement.
Certain circumstances give rise to an award for punitive damages.
Courts reserve punitive damages for cases where the defendant’s actions were intentional or grossly negligent.
They are meant to punish the defendant and dissuade them from repeating the behavior.
A defendant’s insurance coverage is a factor because high-value cases with extensive injuries and property damages can exceed a defendant’s available insurance limits.
When this happens, your only means of recovery would be through a lawsuit against the driver or trucking company.
Armstrong, Lee & Baker LLP Can Help
As you can see, determining damages and liability in a semi-truck accident is not always straightforward.
This is why choosing the right attorney to handle your Texas semi-truck accident case is crucial to achieving a desirable settlement.
If you or someone you love sustained injuries or passed away in a truck accident, let Armstrong, Lee & Baker LLP help.
We have tried numerous semi-truck accident cases and collected significant damages for our clients.
We invest the time and resources necessary to show the other side we insist on nothing less than the compensation you deserve.