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Negotiating a Settlement after a Commercial Truck Accident

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Ifyou, or a loved one, are involved in a commercial truck accident, you will come into contact with aninsurance company – whether it be your own or the opposing party’s. Since insurancecompanies are always involved in commercial truck accidents (due to state andFederal regulations), they have atendency to place specific values on injuries. For example, certain headinjuries may dictate certain levels of compensation whereas a lower-back injuryor broken bone will certainly require a different level of compensation.

InsuranceCompanies Will “Low-Ball” Their Truck Accident Settlement Offer

Many times, in a commercial truck accident, medical injuries are not immediatelyapparent. Instead, injuries are latent and will not appear for some timeafter the accident, or are chronic conditions that may worsen over time. Thisis why insurance adjusters are so eager to settle your personal injury claimquickly.

If the insurance adjusters can convince you or your loved oneto sign a settlement agreement early on in the process, the insurance company canavoid being held liable at trial for all past and future medical expenses. Signingthis settlement agreement early on usually prevents you from filing a personalinjury lawsuit should related injuries or conditions appear later.

A TruckAccident Attorney Can Negotiate a Better Settlement

Rushing through your personal injury lawsuit into settlement to avoid red tapeafter a commercial truck accident isthe wrong answer.

Insurance companies will fight to pay as little as possiblewhile leaving the burden of the case on the victim. If this is your first experiencewith a commercial truck accident, a personalinjury lawsuit, or an insurance company, you are likely wholly unfamiliar withwhat is expected and insurance companies know this.

It is crucial that youdo not accept the insurance carrier’sevaluation of your damage or injury unlessyou are confident it is correct. Should you accept the offer, you may bewriting off any recovery you are owed for any hidden or latent damage andinjury.

An experienced truck accident lawyer will work into yourclaim the possibility of your injuries becoming more severe over time – evendisabling. He or she will demonstrate with expert testimony that the medicalcare you require today might not be the medical care you require in the future.Therefore, taking into account your future medical bills and financialresponsibilities. That being said, it is vital you wait and determine:

  • The extent of your injuries as not everything will be immediately apparent;
  • Both the short and long term medical care that may be necessary;
  • The affect on both your job and personal life; and the
  • Psychological toll.

All the above factors must be taken into consideration to ensure you receive the recovery to which you’re entitled. A skilled truckaccident attorney will be able to counter any low ball offers you receive from the opposing party’s insurance company with what is fair given the extent of your case. Your truck accident lawyer from the law offices of Gordon Elias & Seely, L.L.P. will advise you of your options between settlement and trial while always keeping your best interests in focus. Contact us by using the form or call TOLL FREE: 800 - 773 - 6770 .

The content of this website is provided for informational purposes only, and does not constitute legal advice. If you need help with a Truck Accident claim, consult an experienced trucking accident attorney from the law offices of Gordon Elias & Seely, L.L.P. by calling TOLL FREE: 800 - 773 - 6770 OR by filling out the Free Case Evaluation Form on this page.
Gordon, Elias & Seely, L.L.P.
1811 Bering Drive, Suite 300     Houston, TX 77057     Toll Free: 1-800-773-6770     Fax: 713-668-1980