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How Much Is a Truck Accident Case Worth?

How Much Is a Truck Accident Case Worth?

The Value of Your Truck Accident Claim

Your truck accident case is worth at least the cost of all compensable damages suffered because of the accident. The amount itself will be determined by a number of factors that we will describe shortly. However, getting up to a million dollars or more is possible if you retain experienced truck accident attorneys.

Variables that may determine the amount you will receive include:

  • Severity of your injuries
  • Wages lost or loss of earning capacity
  • How good your truck accident attorney is
  • If liability is clearly established
  • The defendants in the case
  • The amount of insurance they have
  • The evidence gathered for your case

At face value, it seems quite difficult to have a clear idea of how much a truck accident case is worth. At Wilshire Law Firm, we have experienced truck accident attorneys and other professionals who will give you a more accurate estimate based on your specific details. Call us now to get the assistance you need.

An estimate

Even though it is nearly impossible to know for sure how much you will get for your truck accident claim, you can reach an estimate through the evaluation of certain factors. The least amount of money you should get should be equal to the total damages you suffered as a result of the accident. Damages can be roughly categorized into two groups: economic damages and non-economic damages.

Economic damages

You should be able to get compensated for medical bills, lost wages, loss of future earning capacity, vehicle repair or replacement costs, money to pay for household services that you are no longer capable of performing, and other future economic losses.

Non-economic damages

These types of damages are less clearly defined. You may know them under their catch-all term of “pain and suffering.” Non-economic damages include emotional pain or anguish, loss of consortium, disfigurement or disability, loss of enjoyment of life, and more.

What else do you need to know?

It is clear that some of the things you cannot easily ascribe a money value to are some of the things that you should be compensated for. These include things such as pain and suffering or loss of companionship/ intimacy. The list given here is not even exhaustive. Many other factors need to be taken into account. That’s why there exists two methods that are used to arrive at the compensable amount for your injuries.

The two most common methods here in California include the multiplier method and the daily rate method. The multiplier method takes the minimum figure for your damages and multiplies it by a figure (say one, two, three or five) based on the severity of your injuries to arrive at the final compensable amount. The daily rate method is computer aided and it incorporates most of the factors discussed in this article.

Why you shouldn’t worry

You should definitely not be worried about not being sufficiently compensated when you hire our firm. We have the people and the resources to get you what you need. A truck accident is traumatic enough, don’t hire a less than reliable truck accident attorneys that won’t get you what you need.

You should also not worry about driving the truck driver into debt when you sue them. His insurance company or employers will most likely be the defendants if you decide to sue for damages. The defendant could even be a components manufacturer who made the truck’s brakes.

In conclusion, contact award-winning truck accident attorneys like us to get proper estimates and the best representation for maximum compensation.