Are Truck Accident Settlement Calculators Accurate? in Shelby, NC

Calculating the value of a truck accident case is a demanding and time-consuming process. That’s because lawyers rely on evidence about the case and information from you about how your life has been affected.

To calculate the value of a settlement, lawyers may look at:

• The cost of your medical bills and how much treatment your injuries may need in the future
• Lost wages you suffer and the damage that the accident did to your earning potential
• The trauma you’ve experienced because of your injuries
• How your life may be negatively affected by your injuries
• The extent of the property damage you’ve sustained
• Who was at fault for the accident and how their actions injured you
• Whether multiple parties are responsible for the accident and your injuries
• State laws on compensation
• All available insurance policies that could provide coverage

Are Truck Accident Settlement Calculators Accurate?

The short answer is no. Truck accident settlement calculators are not accurate. They make simple calculations based on inputs such as your medical bills and property damage costs. But they don’t take everything else into account.

They ignore factors such as the context of the accident, how your life could be hurt in the future, and who could be liable for your injuries. That can lead to estimates that ignore all sorts of potential compensation.

Elements of a Truck Accident Settlement Calculation

An accurate truck accident settlement calculation is built on a deep understanding of the case, the evidence, and the law. Lawyers and other professionals may calculate a settlement using:

• Medical expenses – Medical expenses can be significant immediately after an accident, but victims may require considerable future care too.
• Lost earnings – Injuries take people out of work and prevent them from earning a living for months or even years.
• Future lost income – An injury can hurt you now and impair your ability to earn the income you need in the future.
• Estimated future medical expenses – Severe injuries could require years or even a lifetime of medical care, but an accurate settlement calculation can take this into account.
• Property damage – In a truck accident, your vehicle and possessions could be damaged or even destroyed.
  Multiplier for general damages – This element is a way of calculating compensation for pain and suffering as well as other types of injuries that can be difficult to put a number on.

How Long Will It Take To Receive a Settlement in a Semi-truck Case?

After a tractor-trailer accident, the time it may take to receive a settlement will depend on many factors. These include factors such as:

• Whether fault for the accident is clear
• Whether multiple parties may be liable for your injuries
• How much insurance companies are willing to cooperate
• How severe your injuries are

Depending on these and other factors, a settlement could take a few months in straightforward cases to a few years in complex cases.

How Lawyers Accurately Calculate Settlements

Lawyers accurately estimate truck accident settlement values by relying on the evidence they gather and their experience. Truck accidents can be incredibly complex due to the severity of the injuries and damages that are often involved, the number of parties that may be liable, from the truck driver to the trucking company to the cargo loading company, and also the number of complicated insurance policies that may come into play.

An accurate settlement is built on a deep understanding of what happened in an accident, what North Carolina law says, and how your injuries have harmed your life. Unlike truck accident settlement calculators, lawyers listen to you and consider your experiences.