TIf you were involved in a truck accident recently, you might have recently learned of the fact that you must file a claim against U.S. Specialty Insurance Co. to be compensated for your injuries. The majority of people are familiar with the process of filing insurance claims after common auto accidents. However, most people are unprepared to handle claims after truck accidents—especially after the devastation often caused by truck accidents.
If you were involved in a truck accident, you might ask yourself many of the following questions:
- How much is a truck accident case with U.S. Specialty Insurance Co. worth?
- How much can you receive from U.S. Specialty Insurance Co. in case of a truck accident?
- What affects the average settlement of a truck accident claim with U.S. Specialty Insurance Co.?
- What categories of compensation could you receive if you file a U.S. Specialty Insurance Co. truck accident lawsuit?
Unlike expected, truck accidents are common—and occurrences continue to increase. Because no one expects to be involved in a truck accident, the majority of the population is clueless as to how to proceed after a tragic truck accident.
If you were involved in a truck accident, you must seek legal assistance as soon as possible. If U.S. Specialty Insurance Co. is the insurance provider for the truck involved in your accident, you might have to file a U.S. Specialty Insurance Co. truck accident claim. Why should you seek legal assistance? Unfortunately, insurance companies have one goal—to compensate victims little to nothing for their injuries. Because of that, it is always recommended for claimants to seek the expertise of a truck accident attorney at a reputable law firm.
If you are in need of legal assistance, you must contact Normandie Law Firm at your earliest convenience. Normandie Law Firm is a personal injury law firm dedicated to fighting for the rights of victims affected by tragic truck accidents. Whether you sustained injuries, or a member of your family lost his or her life in a truck accident, you could file a claim against U.S. Specialty Insurance Co. and receive compensation.
Our experienced attorneys have spent many years handing truck accident claims and are ready to represent you. Do not hesitate to contact our law firm as soon as possible—you could benefit from a free consultation of a free second opinion.
How Insurance Requirements and Policy Limits Affect Settlement Values
If you want to learn more about how the average settlement amounts for truck accident lawsuit against U.S. Specialty Insurance Co. can be affected, you must be familiar with federal insurance requirements and policy limits. Since trucks are larger, heavier, and more difficult to maneuver, they are considered riskier than the average vehicles. Because of that, trucks are required to carry insurance policies with enough coverage for the damages caused by possible truck accidents.
Based on federal requirements, trucks that weigh more than 10,001 pounds must have a minimum of $750,000 in insurance coverage. Trucks are often covered with insurance coverages of up to $5 million. Because insurance requirements are so high for trucks, victims often recover the complete value of their claims.
The insurance policy that a truck carries is essential to determining the average value of a truck accident case against U.S. Specialty Insurance Co. Policies offer up to a certain amount of coverage. For example, if a truck has an insurance policy of $800,000, that amount is the policy limit. The truck accident case with U.S. Specialty Insurance Co. could be worth $1.2 million, but it could be worth less based on the policy limits of the defendant’s insurance coverage. For more information about policy limits can affect the average settlement value of a U.S. Specialty Insurance Co insurance truck accident lawsuit, you must seek legal assistance as soon as possible.
How Injuries and Medical Costs Affect Settlement Values
Like policy limits, the type of injuries sustained also affect truck accident settlement amounts for a truck accident claim with U.S. Specialty Insurance Co. Truck accidents often result in severe injuries; therefore, the injuries often result in higher medical costs in comparison to minor accidents. Injuries are often valued based on their severity:
- Minor injuries could be worth from $10,000 to $$25,000.
- Moderate injuries could be worth from $50,000 to $75,000.
- Spinal cord injuries could be worth from $75,000 to $100,000.
- Critical brain injuries could be worth up to $250,000.
Since victims of truck accidents often suffer a combination of injuries, the total value of injuries and medical expenses incurred as a result of the truck accident could surpass the values listed above.
How do injuries affect the value of a claim? The injuries sustained establish a preliminary claim value; when other factors of the claim are considered, the value of the claim could increase, and average settlement amounts are affected and determined. For example, consider the following verdicts and settlements:
- A claim with hip injuries resulted in a $400,000 settlement.
- A claim with leg injuries resulted in a $375,000 settlement.
- A claim with elbow, hip, and knee injuries resulted in a $315,000 settlement.
- A claim with foot injuries resulted in an $88,657 verdict.
- A claim with spinal soft tissue injuries resulted in a $108,728 verdict which was reduced to $100,000 due to policy limits.
- A claim with arm injuries resulted in a $1.4 million settlement.
For more information about how the injuries and medical costs incurred as a result of your accident can affect the value of your claim, you must contact our firm as soon as possible.
The Other Factors that Affect Average Settlement Values
As you can see, you can receive $75,000 for moderate injuries, but you could receive $250,000 for severe brain injuries. Policy limits and injuries sustained affect possible settlement values. However, other factors can also affect the value of a claim. Like policy limits, compensation limits could also apply depending on the state in which you file a claim. For example, if a claim is worth $500,000 but compensation limits in your state are $400,000, you could only recover the amount established by the state compensation limits. Another factor that could affect the outcome of your claim is the income that was lost as a result of the injuries. Lost income is often calculated based on a victim’s age, wage history, and length of time left unable to work. To discuss all the factors that could affect the outcome of your claim, you must contact our law firm as soon as possible.
The Compensation Available for Recovery
If you file a claim, you could recover many categories of compensation. Some of the categories available for compensation are listed below:
- Medical expenses
- Lost wages
- Pain and suffering
- Property damage
- Funeral expenses
- Burial costs
- Loss of consortium
- Punitive damages
The categories of compensation you are eligible to receive depend on the details of your claim. You must speak with our experienced attorneys as soon as possible to discuss the different categories of compensation that you might be eligible to recover. Our experienced attorneys will evaluate your claim and identify the average settlement that your claim could be eligible to receive. Our attorneys understand the value of your claim. Therefore, they will aggressively fight for your right to recover the maximum amount of compensation available for your truck accident claim.
Contacting Normandie Law Firm
If you were injured in a truck accident, you might need to file a claim with U.S. Specialty Insurance Co. Normandie Law Firm is dedicated to helping all victims affected by truck accidents. After your accident, you might have many questions about the payout that you might receive and about the average compensation available for claims similar to yours. You must contact our law firm to speak with our attorneys as soon as possible.
Our law firm offers free consultations and free second opinions to all the parties affected by truck accidents. During our free consultations, our experienced lawyers are available to answer all your questions and address all your concerns. Most victims have never experienced an accident or have had the need to seek legal assistance; so, there is often a lot of confusion during our consultations. Our patient attorneys will evaluate every detail of your claim and will ensure that you have a thorough understanding of your right to sue and receive compensation. Have you already spoken with an attorney at another law firm? If so, you might have been left riddled with doubts and confusion. Unfortunately, many attorneys agree to handle claims even if they do not have the experience necessary to reach successful outcomes. If you believe that you were misinformed by an incompetent attorney, you could benefit from our free second opinions. During our free second opinions, our experienced lawyers will offer you a comprehensive claim evaluation and will help get your claim back on the right track. If, after speaking with our lawyers, you decide that you would like our firm to represent you, our experienced attorneys could help you complete the process of switching attorneys. Whether you have started your legal process already or not, you can trust that our attorneys are here to help you with your claim against U.S. Specialty Insurance Co.
How could Normandie Law Firm provide the victims of truck accidents with free consultations and free second opinions? Our firm is based on accessibility—we aim to ensure that all victims have access to legal assistance regardless of financial status. Our Zero-Fee guarantee ensures that our clients never have to worry about paying any upfront legal fees for any of our legal services. Because of our contingency status, our clients will not be required to pay any legal fees until our lawyers win their claims, and they recover the compensation to which they are entitled. If you are interested in speaking with our attorneys about the average settlement amounts for truck accident lawsuit against U.S. Specialty Insurance Co. insurance, you must contact our firm as soon as possible.
