Were you recently involved in a truck accident? Truck accidents are, unfortunately, common—even in today’s society. Prior to your accident, how many times had you experienced close-calls with large commercial vehicles? Did you ever witness any other drivers experiencing close-calls? How many times have you seen the aftermath of truck accidents on the side of the road or blocking busy intersections? Did you ever think that you would be involved in a truck accident?
You were driving, staying in your lane, driving as safe as possible. Traffic comes to a sudden stop, yet you are able to stop in safely. You look at your rearview mirror, and you see a commercial truck behind you still at a distance from your vehicle. You think, the driver has more than enough space and time to come to a full stop. You keep looking, the truck continuing to approach your vehicle at the same speed. As the truck gets closer, you can see that the driver is not looking forward; rather, the driver is looking off to the side. You cannot move your vehicle to avoid the collision. The truck crashes into your vehicle.
You suffer a variety of injuries, which affect multiple aspects of your life. Your world was practically turned upside down because of the truck accident—an accident that could have been avoided. You will probably never be the same.
Can you relate to the situation above? Whether a situation similar to what is described above occurred to you or to a member of your family, you might have grounds to pursue a claim—a claim against the truck insurance company covering the liable party. What insurance company covered the commercial vehicle that caused your accident?
Transguard Insurance Company of America, usually referred to simply as Transguard, is an insurance company that offers a variety of specialty insurance products. Founded in 1973, Transguard has consistently provided their clients with reliable insurance products for the storage, relocation, and transportation industries.
After learning that Transguard covered the party liable for your truck accident, you might find yourself asking the following questions:
- How much time does Transguard take to make payment on a truck accident case?
- What is the average amount of time it takes for Transguard to compensate you for a truck accident case?
- What determines the length of time it takes Transguard to settle a truck accident claim?
- How long is the time period to settle a truck accident claim with Transguard?
Have you found yourself looking for answers to any of the questions listed above? If so, you could benefit from speaking with a truck accident attorney. You should contact Normandie Law Firm at your earliest convenience. Normandie Law Firm is a personal injury law firm that has dedicated many years to fighting for the rights of all victims that have been harmed by truck accidents. If you would like to discuss your truck accident with our experts and learn more about the period of time for Transguard to pay for a truck accident involving Transguard insured vehicles, do not hesitate to contact our law firm at your earliest convenience.
Why Does Reaching A Settlement Matter?
How long do you have to wait for Transguard to settle a semi-truck accident case? Why is the amount of time it takes for Transguard insurance to pay on an 18 wheeler accident case so important to you and other victims of truck accidents? The answer to this question is simple. Reaching a settlement is so important directly due to the devastation that truck accidents cause. Without a doubt, all truck accidents are different, but they can potentially lead to extensive injuries and death. This could result in the following:
- Expensive and sudden medical costs
- The loss of income and earning capabilities
- Expensive and sudden property damage
- Expensive and sudden funeral and burial costs
The combination of sudden expenses along with the loss of income can quickly become a financial nightmare. Victims and their families could find themselves quickly depleting their savings. Victims and their families are also likely to try to temporarily solve their financial difficulties with the help of credit accounts; however, doing so can only worsen things in the long-run.
For most people, reaching a settlement is the only way to finally overcome the financial struggles that come with truck accidents. Settlements are likely to cover all medical expenses and property damage relating to the truck accident. Settlements are also likely to cover the expenses that arise after the death of victims. Truck accident settlements can also cover all the income that was lost as a direct result of the truck accident. Overall, reaching a settlement after being involved in a truck accident allows victims and their families to start working towards moving on from such a traumatic event in their lives, allowing them to move forward and reconstruct their lives. If you would like to learn more about how long an 18 wheeler lawsuit takes to reach a settlement, contact our expert truck accident lawyers today.
The Process towards Reaching a Settlement
How long do truck accident cases with Transguard take to settle? Without a doubt, how long it takes Transguard to settle a semi-truck accident depends on the details of your claim. However, the settlement process is also relevant. The details of your claim directly affect the entire legal process (settlement process).
Consider the following steps of the legal process:
- Your lawyer will create a demand for settlement and send it to the insurance company.
- Transguard insurance will review the demand for settlement and investigate your claim.
- The insurance company will respond conclude the investigation and make a decision about your claim (insurance company can make a settlement offer).
- Your attorney will negotiate a better settlement (initial offers are usually unreasonable).
- You will sign a release document to receive your settlement.
- Your attorney will complete the final tasks of the process and make the settlement available to you.
As you can see, there are multiple aspects of the legal process. Because there are so many steps to settling a claim and multiple parties involved, there are also many opportunities for unforeseen delays. For more information about the time it could take before reaching a settlement with Transguard insurance after a truck accident, do not hesitate to contact our law firm at your earliest convenience.
The Average Duration of the Settlement Process
What is the average amount of time for Transguard to settle a truck accident lawsuit? There are many details that can affect how long it takes Transguard to pay on a truck accident case lawsuit. More specifically, the details of your truck accident claim directly affect the legal process, which will then affect how long a truck accident lawsuit takes. Although every truck accident claim is different, consider the following:
- Truck accident claims usually take 2 years to reach settlements.
- Truck accidents can frequently settle within 18 months (1.5 years).
- Truck accidents rarely take more than 2 years to settle (although it is possible).
- Truck accidents that are minor in nature often settle in a few months.
The average time it takes Transguard insurance to settle a truck accident lawsuit depends on the specific details of the claim and the settlement process. Therefore, if your claim is complex and your settlement process is constantly facing obstacles, your case will take longer to reach a settlement. If you would like to learn more about the average time it takes Transguard to settle a truck accident lawsuit, do not hesitate to contact Normandie Law Firm.
Contact Normandie Law Firm
How long does it take Transguard to pay a truck accident claim? What determines how long it could take to settle a claim after being rear ended by a truck? If you were involved in an accident with an 18 wheeler, you likely need answers to all of your questions regarding the amount of time it takes Transguard to settle a truck accident case. To discuss your claim and the time it could take to reach a settlement, do not hesitate to contact Normandie Law Firm as soon as possible. Normandie Law Firm is a personal injury law firm that has spent many years dedicated to representing countless victims of personal injury accidents—including truck accidents. Our truck accident attorneys are ready to handle your claim and provide you with the guidance that you need to reach a successful claim outcome.
Normandie Law Firm is dedicated to representing the victims of truck accidents that need the most representation. Because of that, our law firm offers both free consultations and free second opinions. During our free consultations and free second opinions, our truck accident attorneys will be available to answer all your questions, address all your concerns, and provide you with all the information that you need to start or continue your truck accident claim. Whether you want to begin your legal process or you are looking for redirection after being affected by an incompetent attorney, you could trust the truck accident attorneys at Normandie Law Firm.
Both our free consultations and free second opinions are available as part of our Zero-Fee guarantee. What does this mean to you? Our Zero-Fee guarantee ensures that our clients never have to worry about paying any upfront legal fees for our services. Our truck accident law firm is also based on a strict contingency status. This means that you will not be required to pay anything until your claim is successful; all legal fees will come from your settlement, ensuring that you do not have to pay anything out of pocket. If you are ready to discuss your truck accident claim against Transguard insurance with our truck accident experts, contact Normandie Law Firm today.
