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How Much Should You Settle for After a Truck Accident?

You could be able to settle your case after a truck accident in Dallas. A settlement may allow you to get compensation for your medical expenses and other losses. However, if you are hit by a truck, you may end up wondering how much you should settle for after your accident.

There is no set amount of money awarded for all settlements in Dallas. Review the possible amounts you could settle for after a truck accident with this article. Learn about the types of damages you might recover in this article.

Each Truck Accident Settlement Is Different

There is not a set amount you should shoot for with every truck accident settlement in Dallas. The amount of compensation that you receive could depend upon multiple factors, including the extent of your injuries, the damage to your vehicle, and your relative level of responsibility for the collision. Generally, a settlement for a truck accident could provide you with compensation for your:

  • Economic damages
  • Non-economic damages

Let’s discuss how both economic and non-economic damages may be calculated in truck accident claims in Dallas, so you can form an idea of how much compensation you could receive through a settlement.

Calculating Economic Damages for a Truck Accident

Economic damages represent easily calculated losses caused by a motor vehicle accident. Some examples of economic damages could include your:

  • Healthcare expenses
  • Vehicle repair costs
  • Lost wages at work

In order to calculate your economic damages, you’ll need to gather up all the bills you received for your medical care and for the costs from a vehicle repair shop. You may also need to get some of your past pay stubs to demonstrate how much money you would have been making if you were able to work.

Add up all of your losses in order to get an idea of the economic damages you could settle for after a truck accident in Dallas.

Considering Non-Economic Damages in Dallas

You could also receive non-economic damages after a truck accident in Dallas. Non-economic damages are not based on easily calculable losses. Instead, they may be things like your pain, suffering, and mental anguish.

In order to determine how many non-economic damages you may receive, the multiplier method may be used. The multiplier method takes the amount of economic losses you sustained and multiplies it by a number between 1.5 and 5.

Generally, in a minor accident, your multiplier will be smaller. If you were involved in a very serious accident, the multiplier may be much closer to five. You should consider both your economic and non-economic losses when measuring how much you should settle for after a truck accident in Dallas.

Consider Liability for a Truck Accident in Dallas

You should be aware that Texas is a comparative negligence state. This means that you could receive a smaller amount of compensation based upon your percentage of fault for the accident. For this reason, it’s very important that you do not admit fault for the accident at any point.

You may be able to get help demonstrating that you were not at-fault for the collision by working with a Dallas truck accident lawyer. A lawyer could be able to help show that another driver caused your accident by:

  • Investigating the scene of the accident
  • Speaking with witnesses who saw the collision
  • Working with accident reconstruction specialists
  • Going over your police report

Showing that the other driver caused your accident may allow you to get full compensation for your losses. Start working to build your claim right now.

You Might Not Settle a Truck Accident Case in Texas

Many drivers in Texas end up settling a truck accident claim outside of court. However, you may not always want to settle your claim. In some situations, insurance agents may refuse to agree to a settlement that covers your losses.

In this situation, you may decide to file a lawsuit instead of settling your claim. You could take your claim all the way to court with the help of a Dallas truck accident lawyer. This could help you get compensation for your economic and non-economic losses.

Talk to a Lawyer About Settling After a Truck Accident

A lawyer can help you determine how much you should settle for after a truck accident. The amount you should settle for may depend upon your healthcare expenses and other losses. Discuss the compensation you could receive in your case by contacting a Dallas car accident lawyer to get a free consultation.

You can reach out to us by filling out our online contact form or calling (214) 305-8277. Begin learning more about a truck accident settlement right now.

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