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Truck Accident Settlement Amounts: What to Expect

By Attorney James Whalen | Published on August 15, 2024

A traumatic truck accident arising from negligence causes victims unimaginable stress. Medical treatment and procedures alone are likely to be costly and ongoing due to severe physical injuries. The emotional and psychological stress from the accident and regarding the future results in sleepless nights. Pursuing a truck accident civil case is possible for accidents involving negligence.

A truck accident attorney fights for fair settlement amounts on behalf of their client. While compensation cannot return your life to how it was before the crash, it can help ease the financial burden you face and serve as justice.

Factors Influencing Truck Accident Settlement Amounts

Whether negotiated or awarded, settlement amounts differ.

Truck accident settlement amounts vary due to the factors surrounding a case. No two truck accidents are alike in terms of cause and damages, and the same is true for outcomes associated with compensation.

An accident lawyer typically incorporates the following types of evidence into a client’s case:

  • Liability: A personal injury lawyer will strive to identify all parties responsible for the negligent act that harmed you. Truck accident cases can include a trucking company, a truck driver, or a truck parts manufacturer.
  • Damages: Physical injuries are just one harmful outcome of a truck accident. A traumatic brain injury (TBI) or other catastrophic injury has a ripple effect on your quality of life, affecting relationships and your career.

Multiple liable parties and costly damages influence a settlement amount. The more parties tied to the negligence and the extent of your overall damages are focus points for your attorney.

To award compensation, a jury must understand both economic and non-economic damages. An experienced South Carolina truck accident attorney can make complex information meaningful to those tasked with making important decisions that will affect your family’s future in many ways.

Average Truck Accident Settlement Amounts (with a disclaimer)

The pursuit of compensation requires time and patience.

Truck settlement amounts can range from $30,000 to one million or more, depending on the severity of your damages. The average truck settlement amount is typically somewhere within this range. An attorney can determine what amount is fair based on the totality of your damages.

Fatal truck accidents are all too common. The unanticipated death of a close loved one is something money can never replace. However, a settlement amount in a wrongful death case is often a more significant amount due to the permanency of a family’s loss.

The average truck accident settlement amount in a successful case with a lawyer is generally more than if you negotiate a settlement alone. Initial settlement offers made to truck accident victims may seem to be the answer to their financial needs. But what most victims do not realize is that accepting a settlement closes your personal injury or wrongful death claim. There is no course for future legal action. The amount you accept is the amount you must live with throughout your lifetime.

Truck accident injuries are typically brutal injuries that require a lengthy recovery. There is no telling now what medical complications you may develop later. As a truck accident victim, you have one opportunity to pursue a fair settlement amount.

Insurance adjusters may appear eager to help you. An initial settlement offer may appear to be the answer to your financial problems. However, it is crucial to remember that their goal is to protect their best interests — not yours.

It is critical to note that hiring an attorney does not promise or guarantee compensation. Hiring an attorney does protect your best interests throughout your case.

The Importance of a Truck Accident Lawyer

A truck accident lawyer fights to maximize your compensation.

Insurance companies who serve truck drivers and trucking companies are no strangers to the civil process. Their experience protecting policyholders gives them a skilled advantage over injured people who have no legal experience.

Truck accident victims typically have no idea what amount of compensation they deserve and will need for their future medical care needs. A lawyer has vast knowledge, experience, and skills to determine the amount of compensation necessary for their client.

A truck accident attorney fights for compensation that covers the following types of damages:

  • Medical expenses associated with all your care: immediate, current, and ongoing
  • Lost wages due to time recovering in a hospital and at home
  • Potential loss of future earnings if your injuries prevent a return to work
  • Emotional and psychological damages, including post-traumatic stress disorder (PTSD)
  • Final medical expenses, funeral costs, and lost wages for the death of a loved one.

Severe or catastrophic injuries make it impossible to manage your case alone. The death of a loved one, either at the scene or later from their injuries, is also too traumatic to pursue justice alone.

South Carolina personal injury and wrongful death attorneys navigate the claims and lawsuit process so victims can rest, recover, or grieve. Your attorney will know when to go to trial and have the courtroom skills to present your case.

Contact Whalen Montalvo Attorneys at Law Today

Your South Carolina Truck Accident Attorneys

Whalen Montalvo Attorneys at Law are here to help you pursue the compensation you deserve for the truck accident. James Whalen and Eric Montalvo have strong backgrounds in transportation-related cases, delivering quality legal representation compassionately and aggressively. They will stand by you and advocate for you throughout the legal process.

The South Carolina statute of limitations allows three years to pursue a civil lawsuit. The civil clock begins at the moment of injury or death.

Time is not on your side, so contact us today for a free consultation. Every team member is caring and welcoming to the clients we serve. Call (864) 770-7710 to speak with a friendly staff member immediately.

James M. Whalen

I grew up right here in Greenville, South Carolina. Following highschool, I attended Rhodes College in Memphis, Tennessee, where I was an NCAA Scholar-Athlete for the Rhodes Lynx soccer program.

I completed my law degree at University of South Carolina School of Law, where I was on the mock trial team and an editor for the Journal of Law and Education. Following graduation, I served as a judicial law clerk for Senior Judge Robert H. Hodges, Jr. on the Court of Federal Claims in Washington, D.C. My experience in D.C. trial courts solidified my desire to become a trial lawyer.
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