How often have you seen a truck disabled on the side of the road after an accident with another vehicle? Have you ever seen a small vehicle lodged underneath a truck after a collision? Unfortunately, truck accidents are more common than what they once were. In comparison to regular auto accidents, truck accidents result in more damage both to the vehicles and parties involved. Have you ever been involved in a truck accident? Has a member of your family lost his or her life after being involved in a truck accident?
If you answered yes to any of the questions regarding involvement in a truck accident, you might have grounds to file a truck accident claim. If the accident was caused by the truck or the truck driver, affected victims could file claims against the truck’s insurance company.
If you or a member of your family were involved in a truck accident, you might be eligible to file a Lexington truck accident claim. Lexington Insurance Company is one of the leading insurance companies in the country. Lexington Insurance has provided a variety of insurance services for over fifty years. One of the insurance services offered by Lexington includes Transportation coverage—which covers many commercial vehicles constantly transporting a variety of cargo.
If you were involved in a truck accident and are currently considering the possibility of filing a Lexington Insurance truck accident lawsuit, you might be interested in learning more about the potential value of your claim. Our law firm, Normandie Law Firm, is constantly approached by victims of truck accidents asking some of the following questions:
- Are victims of truck accidents eligible to receive compensation?
- What is the payout injured victims could recover?
- What determines the value of a truck accident claim?
- How much can you receive from Lexington Insurance in case of truck accident?
- How much is a truck accident case with Lexington Insurance worth?
- Do the details of a truck accident affect possible claim value?
After the devastating effects of truck accidents, it is normal and expected for victims to want to learn more about the possible value of their claims. Although no amount of compensation awarded can reverse injuries or revive a lost family member, victims must be rightfully compensated after accidents.
If you would like to learn more about your right to file a claim against Lexington Insurance, you must contact the attorneys at Normandie Law Firm as soon as possible. Normandie Law Firm is a personal injury law firm dedicated to fighting for the rights of all victims of unfortunate accidents. Our experienced truck accident lawyers have spent many years representing the parties harmed by truck accidents. It does not matter if you sustained injuries or if a member of your family lost his or her life during the accident; our truck accident attorneys will be available to provide you with the legal guidance necessary to reach a successful claim outcome. If you are ready to speak with an attorney to learn more about the value of your claim, you must contact Normandie Law Firm today.
Sample Verdicts and Settlements
Different injuries contribute to the value of your claim. A truck accident that caused you to suffer sprains and fractures may be worth less than $100,000; however, a severed limb or traumatic brain injury will increase your case value to over $250,000. Your case could be worth in excess of $1,000,000 if the injuries drastically affected your life and career or if the truck driver were grossly negligent.
Below, you will find a few sample verdicts and settlements for truck accident claims:
- $50,000—the victim suffered neck, back, chest, shoulder, and knee injuries.
- $400,000—the victim suffered toe, foot, knee, back, and neck injuries.
- $805,500—the victim suffered fatal injuries.
- $1.02 million—the victim suffered back injuries.
- $1.05 million—the victim suffered a severe leg injury.
The verdicts and settlements above could provide insight into how the specific details (in these examples, the injuries sustained) of a claim affect the claim’s value. However, past verdicts and settlements should never be used to assume the value of your claim.
What Affects the Value of a Truck Accident Claim?
Without a doubt, you might have many questions about the average settlement value of a Lexington Insurance truck accident lawsuit. There are many factors that must be thoroughly evaluated to establish the value of a claim. Some of the factors that can affect the average settlement of a truck accident claim with Lexington Insurance are listed below:
- Injuries—the injuries sustained during truck accidents are some of the most important factors used to determine the value of a truck accident claim. Every type of injury is associated with a specific cost (often the cost of medical treatment and follow-up care). For example, minor injuries could be worth up to $25,000, but you could receive $50,000 to $75,000 for moderate injuries that require surgery. You can receive $75,000 to $100,000 for spinal cord injuries that do not affect the victim’s mobility; however, if the spinal cord injury sustained results in paralysis (quadriplegia or paraplegia, for example), the injury could be associated with six-figure values or higher. Brain injuries are often valued between $100,000 and $250,000; however, like spinal cord injuries, brain injuries could be worth millions if essential functions are compromised.
- Policy limits—another factor that could affect the truck accident settlement amounts for a truck accident claim with Lexington Insurance is the insurance policy limits. A policy limit is the maximum insurance coverage available. For example, trucks—depending on type and cargo—are required to carry insurance policies with minimums ranging from $300,000 to $5 million. Therefore, a truck that with a $1 million insurance policy would have a $1 million policy limit. Because of this hypothetical limit, claimants would only be eligible to recover an amount at or below the policy limit. If the claim value is worth more than the policy limit, the value of the claim must be adjusted. In other words, claimants could receive $1 million for their claim, but it could be worth $1.5 or any amount over the policy limit.
- Lost income—the value of your claim could also be affected by the income you lost because of your truck accident. The effect of this factor is determined by your wage history, your age, the length of time you were unable to work, and the length of time you are expected to be unable to work. In most cases, victims who are younger and have more working years ahead of them are likely to have a higher valued lost income factor when compared to older victims with only a few working years anticipated.
There are many other factors that could affect the value of your claim, one of which is shared negligence between the victim and the defendant. If you would like to further discuss the different factors that could affect the value of your claim, you must contact our law firm as soon as possible.
Compensation Available for Recovery
What is the average compensation you could receive if you file a claim after your truck accident? What is the average value of a truck accident claim against Lexington Insurance? The answers to those questions, as discussed above, depend on the specific details of your truck accident claim. Information about the compensation you could receive varies from claim to claim; however, you should be familiar with the different categories of compensation available for recovery. Some of the most common categories of compensation available for recovery are listed below:
- Medical expenses
- Lost income
- Pain and suffering
- Property damage
- Loss of consortium
- Funeral costs
- Burial costs
- Punitive damages
As you can see, there are many types of compensation available for recovery. The categories you receive will be dependent on the details of your truck accident, as well as other information about you and the parties involved in the accident. For more information about how much the truck accident case with Lexington Insurance could be worth, you must contact our law firm as soon as possible.
Do You Need a Lawyer?
Many people believe that they could handle truck accidents similar to minor auto accidents. They often expect to file a hassle-free claim against Lexington Insurance and be promptly compensated. Unfortunately, the majority of truck accidents cannot and should not be handled without the legal assistance of an attorney. The expertise of an attorney is necessary for reaching a successful claim outcome. Lexington Insurance, like the majority of other insurance companies, is committed to paying little to nothing to claimants—to save their clients as much money as possible. Because of that, insurance companies often fail to make fair settlement offers. How could a lawyer help your truck accident claim? When you allow an experienced attorney to handle your claim, you can be certain that the insurance companies will take your truck accident claim seriously. The lawyers at Normandie Law Firm have spent many years aggressively fighting for the rights of our clients. Our lawyers are experts at incessantly negotiating with insurance companies until achieving a rightful settlement offer. Our attorneys are also prepared for trial if necessary to achieve a fair verdict. If you would like more information about the value of your claim, you must contact our w firm as soon as possible.
Normandie Law Firm
If you or a member of your family were affected by a truck accident, you must seek legal assistance as soon as possible. When you contact our law firm, our attorneys will give you all the information you need to understand the average settlement amounts for truck accident lawsuit against Lexington Insurance. You can contact our law firm without having to worry about expensive legal fees. Our law firm offers free consultations and free second opinions to ensure that all your questions and concerns are addressed. Even if your truck accident claim has been affected by the incompetence of an attorney at another law firm, our attorneys will be available to provide you with the best legal assistance available.
Our firm offers a Zero-Fee guarantee; therefore, our clients are never required to pay any upfront legal fees for any of our services. Our strict contingency status also ensures that our clients are not required to pay legal fees until after their claims have reached a successful outcome. If you do not win, you will not be required to pay—contact Normandie Law Firm as soon as possible.
