Arch Insurance Company was established in the late 90s; by 2001, the insurance company had transformed into what it is today. Over the years, Arch Insurance Company has continued to expand and grow as an insurance company. Arch Insurance has constantly achieved A+ ratings from independent insurance rating agencies. Arch Insurance Company is one of the major providers of commercial auto insurance—or truck insurance.
Were you recently involved in a truck accident? If so, you might have been involved in an accident with a truck insured by Arch Insurance Company. If you suffered injuries, you might have grounds to file an Arch Insurance Company truck accident claim. You might have many of the following questions:
- Are the parties harmed in truck accidents eligible to be compensated?
- What is the payout in which truck accident claims could result?
- How much can you receive from Arch Insurance Company in case of a truck accident?
- How much is a truck accident case with Arch Insurance Company worth?
If you have asked yourself any of the questions listed above, you must contact the attorneys at Normandie Law Firm as soon as possible. Our experienced attorneys are ready to evaluate your claim and provide you with all the information necessary to pursue your claim and recover the compensation that you deserve. The truck accident attorneys at Normandie Law Firm understand the importance of recovering the compensation to which you are entitled. Time after time, our attorneys have seen the devastating financial effects of truck accidents. Victims find themselves surrounded by bills, quickly falling into debt and forced into bankruptcy. Many families lose their only source of income after truck accidents. Because of that, our truck accident lawyers are committed to always fighting for the rights of victims to recover compensation for their injury claims. If you are interested in filing an Arch Insurance Company truck accident lawsuit, you must contact our law firm as soon as possible.
The Value of Your Claim
What is the average settlement of a truck accident claim with Arch Insurance Company? The answer to that question varies depending on the specific details of your truck accident claim. There are many factors that must be evaluated before determining the value of your claim. Some of the factors that must be evaluated to determine truck accident settlement amounts for a truck accident claim with Arch Insurance Company are explained below:
- Policy limits: one of the most important factors that determine the average compensation that you can receive is established by the insurance coverage carried by the truck that caused your accident. A policy limit is the maximum amount of coverage available to recover. If a truck carries an insurance policy of $560,000, that amount is the policy limit. Therefore, claimants would only be eligible to receive up to that much in compensation. If the truck accident claim is worth more than the policy limit, claimants would not be eligible to receive the full value of their claims.
- Injuries: the injuries sustained during a truck accident can also affect the average settlement value of an Arch Insurance Company truck accident lawsuit. Every type of injury is associated with a value. For example, you can receive $25,000 for minor injuries, but you could receive $75,000 for moderate injuries. Critical injuries, such as spinal cord injuries and brain injuries, could be worth between $85,000 and $250,000, but it could be worth millions if the victim is permanently affected and suffers cognitive loss or paralysis, for example.
In addition to policy limits and injuries, there are many other factors that could affect the value of your truck accident claim. Other factors include lost income and comparative negligence, for example. If you would like to learn more about the different factors that could affect the value of your truck accident, you must contact our law firm to discuss the details of your truck accident claim.
Sample Settlements and Verdicts
A simple injury can lead to a simple lawsuit. Injuries that heal quickly or do not have a profound effect will yield settlements worth less than $75,000. However, the more serious the injury, the higher the lawsuit. Permanent damages and life-changing injuries make your case worth over $100,000, while other factors continue to bring that number higher. Heavy scarring and disfigurement injuries paired with a high level of negligence of the trucking company will make your claim worth over $250,000 if you have a skilled lawyer, and if loved one died in a truck accident, your case is likely worth well above $1,000,000.
Below, there are a few sample settlements and verdicts for past truck accident claims:
- $40,000—the victim suffered a back injury after being involved in a truck accident.
- $352,000—the victim suffered shoulder injuries and a traumatic brain injury.
- $1 million—a young child suffered fatal injuries after being struck and killed by a truck.
- $1.55 million—a young man suffered fatal injuries after he was struck and killed by a truck.
- $1.03 million—the victims suffered lower-body injuries, fractured bones, and facial injuries, one of which included a severe eye injury.
- $743,000—the victim suffered severe back injuries after being in a truck accident.
- $2.84 million—the victim suffered fatal injuries after being struck and killed by a truck.
- $1.05 million—the victim suffered severe leg injuries.
As you can see, the value of the sample claims above vary. Before you assume the value of your claim, you must contact our law firm and speak with our attorneys. Upon evaluating your claim, our experienced truck accident lawyers will provide you with all the information you need to understand the average value of a truck accident case against Arch Insurance Company based on your claim’s details. Do not hesitate; contact our experienced attorneys as soon as possible.
Compensation Available
As discussed in the sections above, there are many factors that determine the average settlement amounts for a truck accident lawsuit against Arch Insurance Company. The value of your claim is separated into different categories—categories of compensation. If you or a member of your family was harmed in a truck accident, claimants could be eligible to recover some of the following forms of compensation:
- Medical expenses
- Lost earnings
- Property damage
- Pain and suffering
- Loss of consortium
- Funeral costs
- Burial costs
- Punitive damages
Our truck accident attorneys will not rest until you recover the compensation that you deserve. Our lawyers are dedicated to helping you recover the maximum amount of compensation available for your claim. Our truck accident lawyers are ready to aggressively negotiate with Arch Insurance Company to reach a settlement offer or take your claim to court; our attorneys will do whatever it takes to ensure that you are compensated.
Statute of Limitations
If you want to remain eligible to receive compensation for your injuries, you must file your truck accident claim within the statute of limitations. The statute of limitations establishes the total length of time that claimants have to file their lawsuits. If their lawsuits are not filed within the deadline established by the statute of limitations, the claimant could lose his or her right to sue. In general, victims of personal injury accidents, such as truck accidents, must file their claims within two-years. However, exceptions often apply (based on the details of the claim) that could toll or extend the time claimants have to sue. Because of that, it is essential that all parties interested in suing Arch Insurance Company after a truck accident seek legal assistance as soon as possible to learn more about the statute of limitations that might apply to their claims.
Normandie Law Firm
When you contact our law firm, our experienced truck accident attorneys will provide you with all the information necessary for you to pursue your truck accident claim against Arch insurance—including information about the average settlement amounts for truck accident lawsuit against Arch Insurance Company. Our experienced truck accident attorneys are ready to provide you with the legal assistance you need to reach a successful claim outcome.
Normandie Law Firm is based on accessibility. We understand the financial obstacles that victims face day to day after being impacted by a truck accident. Because of that, we ensure that all victims of truck accidents always have access to our legal services. Our firm offers free consultations and free second opinions. During our free consultations and free second opinions, our experienced truck accident attorneys will evaluate your claim and explain everything in terms that you understand. Our attorneys will answer your questions, address your concerns, and provide you with the guidance you need to start or continue your claim. Our attorneys can represent you even if you believe that your claim has been negatively affected by the incompetence of another attorney. If you want to learn more about filing your claim and how much the truck accident case with Arch Insurance Company could be worth, you must contact our law firm immediately.
Our free consultations and free second opinions are available as part of our Zero-Fee guarantee. Our Zero-Fee guarantee ensures that our clients never have to worry about paying any upfront legal fees for any of our legal services. Our firm is also strictly based on contingency; therefore, our clients will never be expected to pay any legal services until after our attorneys win their claims. After a successful claim, our legal fees will be paid from the compensation you receive—you will never be required to pay anything out of pocket. If you are ready to file your claim against Arch Insurance Company, you must contact our law firm as soon as possible.
