BB&T Insurance Services (recently rebranded as McGriff Insurance Services) is one of the largest insurance companies in the United States—more specifically, the fifth largest company. BBT Insurance, although it provides a variety of insurance services, is well-known for its business transportation and automobile coverage, or commercial truck insurance. BBT Insurance has focused on providing excellent commercial coverage for over forty years. BBT Insurance Services provides coverage for fleets, liability, physical damage, cargo liability, trucking, and interchange.
Since BBT Insurance is one of the leading insurance companies, if you were involved in a truck accident, it is likely that the truck that caused your accident was insured by BBT insurance. If so, you might have grounds to file a BBT Insurance Services truck accident claim. If you suffered injuries or if a member of your family lost his or her life, you might have the right to file a lawsuit and receive compensation.
If you have considered the possibility of receiving compensation for your truck accident claim, you might have asked yourself some of the following questions:
- Can the parties affected by truck accidents be compensated?
- How much can you receive from BBT Insurance Services in case of a truck accident?
- How much is a truck accident case with BBT Insurance Services worth?
- What factors determine how much the truck accident case with BBT insurance could be worth?
Without a doubt, truck accidents can have devastating results that can leave victims and their families concerned about the payout that could be available for recovery. Truck accidents can leave victims with medical bills and without the ability to work to earn income. Likewise, truck accidents can kill the one person that provides for the entire family. Whatever the case, you can trust that our attorneys can represent you and help you be rightfully compensated.
If you are in need of legal assistance after you or a member of your family was involved in a truck accident, 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 parties affected by traumatic truck accidents. If you suffered injuries or if a member of your family was killed as a result of a truck accident, the attorneys at Normandie Law Firm will aggressively fight for your right to receive compensation. If you are ready to begin your BBT Insurance truck accident lawsuit, you must contact our law firm today.
The Value of Your Truck Accident Claim
What is the average value of a truck accident case against BBT Insurance Services? If you were left dealing with financial distress after you or a member of your family was involved in a truck accident, it is likely that you are interested in getting information regarding the potential value of your claim. The average value of a truck accident claim resulting in numerous injuries is around $150,000 and $250,000. As the degree of injuries grows more severe or permanent, the case value will likely increase, eventually topping $1,000,000. No injuries i a claim usually garners a small settlement amount; if you were barely hurt, the average value for truck accident lawsuits is $50,000 or less.
For many people, reviewing some of the past verdicts and settlements reached for truck accident claims is helpful in understanding the possible outcomes of their claims. Therefore, some past truck accident settlements and verdicts are relayed below:
- $40,000—the victim suffered a variety of injuries, some of which included head, knee, back, and neck injuries.
- $41,000—the victim suffered a lower-back injury that warranted a permanent disability rating.
- $352,500—the victim suffered a traumatic injury that resulted in cognitive loss, shoulder injuries, and post-traumatic stress disorder.
- $430,000—the victim suffered serious shoulder, wrist, and hand injuries.
- $650,000—the victim suffered severe hip and leg injuries.
- $820,000—the victim suffers many injuries, including severe hip and arm injuries.
- $875,000—the victim suffered many fractures and a lacerated organ.
- $1.4 million—the victim suffered a back injury.
- $2.27 million—one of the victims was immediately killed. The victim who survived the accident suffered a variety of injuries.
- $3.5 million—the victim suffered fatal injuries after being run over by a truck.
As you can see in the examples above, the values of truck accident claims can vary. Because many of the sample verdicts and settlements available only relay the type of injuries that the victims sustained, it is easy for some people to believe that the value of their claims is determined only by their injuries. However, there are many other factors that could affect the value of a truck accident claim.
What are some of the factors that determine the average settlement of a truck accident claim with BBT Insurance Services? Some of the common factors that are evaluated to determine the average settlement value of a BBT Insurance truck accident lawsuit are explained below:
Comparative Negligence: one of the major factors used to determine the value of a claim is comparative negligence. Comparative negligence is a percentage used to establish the victim’s level of fault for the harm suffered. For example, if the victim’s actions contributed to the accident and the harm that he or she suffered, the victim could be found comparatively negligent. Comparative negligence directly affects the amount of compensation that a victim is eligible to recover. For example, if the victim is found to have been 20% negligent, he or she would only be eligible to recover the 80% consisting of the defendant’s negligence. For example, if a claim reaches a verdict of $300,000, the victim would only be eligible to recover $240,000.
Injuries Sustained: another major factor that affects the value of a claim includes the different types of injuries sustained during a truck accident. Each type of injury is associated with a specific value. For example, minor injuries could be worth up to $25,000, but you could receive $75,000 for moderate injuries. For a more severe injury, such as a spinal cord injury, you can receive $75,000 to $100,000. A mild spinal cord injury could be valued within that range, but it could be worth millions if it leads to paralysis. The same increase of value based on severity can be seen in traumatic brain injuries; brain injuries could be worth anything from $85,000 to $250,000, but they can be worth millions if the victim’s cognitive abilities are affected, for example. Since most victims of truck accidents suffer a variety of injuries, the value associated with injuries is determined by all of the injuries suffered.
Lost Income: undeniably, truck accidents lead to lost income. The amount of income lost as a direct result of the truck accident is an important factor in determining the value of a claim. The value of lost income is established based on the victim’s wage history, age, and years unable to work to earn income. This applies to both injured victims and deceased victims.
Policy Limits: one of the most important factors for determining the value of a claim is the policy limit established by the insurance policy carried by the defendant or the liable party. A policy limit determines the maximum amount of damages that could be covered in case of an accident. For example, if a truck has a $500,000 insurance policy, the policy limit is $500,000 and only that amount would be available to cover the damages. What does this mean? If you file a claim against BBT Insurance and the policy limit is $500,000, the maximum amount of compensation you could recover would be $500,000. If your claim is estimated to be valued at $500,000 or any amount lower, you would be eligible to recover the full value of your claim. However, if your claim is valued at any amount over the policy limit, the value of your claim and the amount you could receive might be affected.
As you can see, there are many factors that influence the value of your claim. If you would like more information regarding the factors that affect the average settlement amounts for a truck accident lawsuit against BBT Insurance Services, you must contact our truck accident attorneys as soon as possible.
The Compensation Available for Recovery
When you allow our truck accident attorneys to handle your claim against BBT Insurance Services, you can be certain that our knowledgeable attorneys will do everything within their reach to ensure that you are rightfully compensated. Our attorneys will aggressively fight for your right to be compensated for the following:
- Medical bills
- Lost income
- Pain and suffering
- Property damage
- Death benefits
- Loss of consortium
- Punitive damages
If you would like more information about the average compensation available for recovery for your truck accident claim, you must contact our law firm as soon as possible. Our attorneys are ready to help for your right to sue and receive compensation.
Normandie Law Firm’s Truck Accident Attorneys
If you were injured or if a member of your family was killed in a truck accident, you must contact Normandie Law Firm to learn more about your right to file a lawsuit. If you have already considered the possibility of filing a lawsuit, you must contact us to learn more in regards to determining the truck accident settlement amounts for a truck accident claim with BBT Insurance Services. Do not hesitate to contact us. Our attorneys have many years of experience representing the parties harmed in truck accidents and successfully handling their claims. If you are ready to speak with our attorneys, you must contact our firm and request a free consultation or free second opinion. During our free consultations and free second opinions, our experienced truck accident attorneys will be available to answer all your questions, address your concerns, and provide you with all the legal information necessary to pursue a truck accident claim. Do you believe that your claim has been affected by the incompetence of another attorney? If so, you can trust that our lawyers will not rest until your claim is back on the right track towards a successful outcome. Contact us today.
Our free legal services are available because of our Zero-Fee guarantee, which ensures that our clients never have to worry about paying any upfront legal fees. Our firm is also strictly based on contingency; therefore, our clients will not be required to pay legal fees until our attorneys win their claims. If you are ready to begin working towards recovering the compensation that you deserve after your truck accident, contact Normandie Law Firm.
