Truck accidents can cause catastrophic injuries. Many accident victims do not survive, and others require lifelong medical care and suffer permanent disability.
The amount of compensation you can recover in a Chicago truck accident settlement depends on numerous factors, including the severity of your injuries. Some statistics indicate that the average truck settlement amount in Chicago ranges from $300,000 to $500,000. Other sources cite average settlement amounts for fatal truck accident settlements as over $3 million.
Regardless of the average settlement amount for truck accident cases, your compensation will be determined by the specific facts surrounding your accident and injuries. Remember that a truck accident attorney in Chicago is here for you.
Factors Impacting Truck Accident Settlement Amounts
Numerous factors affect the amount and type of compensation you may recover. Some of the most critical factors impacting your settlement amount include:
- The severity of your injuries. If you make a fast recovery, your compensation will naturally be less than if you are permanently disabled and suffer chronic pain. The value of your claim increases dramatically if you require long-term medical care. Likewise, if you will need to make modifications to your home and vehicle due to your injuries, these expenses will increase your settlement amount.
- The degree of your suffering. If your pain and suffering, mental anguish, disfigurement, loss of enjoyment of life, loss of consortium, and other intangible losses are significant, your settlement amount will also be higher.
- The available insurance coverage and assets to pay for your damages. Commercial truckers are required to purchase liability insurance coverage in amounts determined by the type of truck and cargo they will be hauling. The minimum coverage amounts are generally far higher than the coverage limits for drivers of passenger vehicles.
- The evidence to prove causation, liability, and damages. You must be able to prove that the defendant caused your accident and is responsible for your damages. You must also be able to establish the existence and value of your damages. At Meyers & Flowers, our truck accident attorneys carefully investigate your accident and work hard to uncover the evidence needed to prove your case and help you recover the full value of your damages.
- The experience, skill, and tenacity of your lawyer. You deserve to be represented by a Chicago injury attorney with the experience, skill, resources, and tenacity to help you recover maximum compensation. If your attorney does not know what to look for, how to uncover essential evidence, how to prove the full value of your damages, or lacks the determination to do so, your settlement amount will likely be much lower.
Types of Compensation Recoverable in Chicago Truck Accident Settlements
In a successful Chicago truck accident settlement, you may be able to recover economic and non-economic damages. Economic damages include current and future medical expenses, current and future lost wages, and other out-of-pocket expenses incurred because of your truck accident.
Non-economic damages include your pain and suffering, mental and emotional distress, loss of enjoyment of life, permanent disability, disfigurement, and other intangible losses.
At Meyers & Flowers, we work tirelessly to obtain all available types of compensation to maximize your recovery.
Reach Out to Meyers & Flowers Today
If you have been injured in a Chicago truck accident that was not your fault, you may be entitled to recover compensation. However, the amount of compensation you recover can vary tremendously depending on the facts of your case.
You need the assistance of an experienced, skilled Chicago truck accident lawyer to help you recover maximum compensation for your damages. Let us help you. Call (630) 394-5189 or visit our contact page and schedule a free consultation to discuss your Chicago truck settlement.