Berkshire Hathaway Homestate Companies (BHCC), often referred to as simply Berkshire Hathaway, is one of the leading providers of commercial auto insurance in the nation. Berkshire Hathaway provides exceptional commercial truck insurance coverage to more than half of the states in the country. With a superior financial strength rating (A++) from one of the most reputable independent insurance company rating agencies, Berkshire Hathaway has remained as one of the leading providers of commercial auto insurance.
How much can you receive from Berkshire Hathaway in case of a truck accident? How much is a truck accident case with Berkshire Hathaway worth? What is the average compensation available for recovery after a truck accident? What determines the average value of a truck accident case against Berkshire Hathaway?
If you have asked yourself the questions above, you have likely been affected by an unfortunate truck accident. Were you injured in a truck accident? Was a member of your family killed in a truck accident? Whether you or a member of your family suffered a truck accident, you might have grounds to file a Berkshire Hathaway truck accident claim. If you have considered taking legal action and filing a Berkshire Hathaway truck accident lawsuit, you have likely considered the possibility of being compensated.
For answers to the questions you might be having and for more information about your right to sue, you must contact Normandie Law Firm as soon as possible. Normandie Law Firm is a personal injury law firm with a focus on truck accident claims. If you were injured or a member of your family was killed in a truck accident, you can be certain that our experienced lawyers could represent you and help you during your legal process. The truck accident lawyers at Normandie Law Firm have spent many years handling truck accident claims against many commercial auto insurance companies. Our truck accident attorneys are knowledgeable on the matter and dedicated to helping victims of truck accidents recover the maximum amount of compensation available for their claims. If you were affected by a truck accident, you must contact Normandie Law Firm at your earliest convenience.
The Importance of Your Claim’s Value
What happens after a truck accident that makes your claim’s potential value so important? Truck accidents often result in many expenses. If you sustained injuries, you were likely left with a mountain of medical bills. You could have also lost your ability to work to earn the income necessary to pay your bills. You might max out your credit cards or apply for loans to try to make ends meet; however, those options will quickly prove to be only temporary solutions to your financial problems. If the truck accident resulted in the death of a member of your family, you and the rest of your family might encounter even more financial difficulties. Medical bills might have resulted from emergency services or attempts to save the victim’s life. The family is often faced with the expenses associated with funeral and burial services. If the victim was the sole provider for his or her family, the family might be left without any source of income. Because of the reasons explained above, it is common for injured victims and surviving family members to be interested in suing and recovering compensation.
The Value of Your Truck Accident Claim
Many victims or surviving family members mistakenly believe that there is a universal value that applies to their truck accident claim. There is no preset settlement amount for victims of truck accident claims. Rather, there are many case-specific details that must be evaluated to determine the payout that you could receive. There are many factors that could determine the average settlement of a truck accident claim with Berkshire Hathaway. Some of the factors that are used to determine the average settlement value of a Berkshire Hathaway truck accident lawsuit are listed below:
- Policy limits: a policy limit establishes the maximum amount of compensation available for recovery. This amount is equivalent to the truck’s insurance coverage. For example, a truck with a $475,000 insurance coverage also has a policy limit of $475,000. Therefore, claimants would only be eligible to recover up to $475,000 in compensation. Since trucks carry different insurance policies, there is not one universal policy limit. In most cases, the policy limit does not affect the value of the claim. However, if the policy limit is lower than the estimated value of your claim, you might be unable to recover the full value of your claim. Rather, the value of your claim would be limited based on the applicable policy limit.
- Injuries sustained: the injuries sustained are also a vital factor in determining truck accident settlement amounts for a truck accident claim with Berkshire Hathaway insurance. Each type of injury is associated with a value. For example, you can receive $25,000 for minor injuries and up to $75,000 for moderate injuries. As the severity of injuries increase, the value associated with the injuries also increases. Spinal cord injuries and traumatic brain injuries, for example, often start at values from $85,000 to $250,000. However, if the injuries have severe life-changing effects, such as cognitive loss, loss of speech abilities, and paralysis, for example, the value of the injuries could rise to the millions.
- Comparative negligence: average settlement amounts for truck accident lawsuit against Berkshire Hathaway can also be affected by the victim’s fault in his or her accident. If the victim’s negligence or recklessness contributed to the accident, he or she could be found comparatively negligent. Comparative negligence directly affects the amount of compensation available for recovery. If a truck accident claim results in a $500,000 verdict but the victim is found to be 15% comparatively negligent, the victim would only be eligible to recover 85% of the $500,000. Your claim could be worth $500,000, but you could receive $425,000 based on 15% comparative negligence. (The exact figures will vary depending on the verdict/settlement achieved and the victim’s percentage of comparative negligence.)
- Lost income: the total amount of income lost as a result of a truck accident can and will affect the value of a claim. The value associated with lost income, if temporary, is often determined by the victim’s wage history and time unable to work. If the inability to work is permanent, the value associated with lost income is often determined by wage history, age, and length of time expected to work.
In addition to the four factors described above, many other key factors could affect the value of your claim. Because of that, it is essential that you seek legal assistance and speak with our experienced attorneys as soon as possible. Our attorneys will evaluate your claim and provide you with all the information necessary to help you understand how much the truck accident case with Berkshire Hathaway insurance could be worth. Do not hesitate; contact our law firm as soon as possible.
Sample Truck Accident Claim Values
Without a doubt, sample verdicts and settlements could help you gain a better understanding of how claims are valued. However, you should never use past verdicts and settlements to estimate or assume the value of your truck accident claim. A truck accident that resulted in minor injuries that will heal up within a few weeks will yield a lawsuit worth around $50,000 to $75,000. As the injuries grow more severe and you suffer other damages, the worth of the case will go up to over $250,000. The most serious damages will cause your case to be worth over $1,000,000; these damages could be brain injuries, gross negligence from the truck driver, a death of a family member, and more.
Below, you will find a few sample truck accident claim verdicts and settlements:
- $50,000—the victim suffered soft tissue back and neck injuries, knee injuries, shoulder injuries, chest bruising, and chronic headaches.
- $400,000—the victim suffered a back injury
- $743,000—the victim suffered back injuries which included torn vertebrae and herniated discs
- $1 million—the victim is struck and killed by a truck
- $1.05 million—the victim sustained critical leg injuries
- $2.8 million—the victim was struck by a truck and dragged for nearly one-hundred feet, suffering fatal injuries
If you would like further information regarding past verdicts and settlements, you must contact our law firm and speak with our attorneys.
Compensation Available for Recovery
Although every truck accident claim is different, you must be familiar with the different categories of compensation often available for recovery. These categories include the following:
- Medical costs
- Lost income
- Pain and suffering
- Property damage
- Loss of consortium
- Funeral and burial costs
- Punitive damages
No matter the details of your claim, you can trust that our lawyers will always fight for your right to recover the highest amount of compensation available for your claim. Our truck accident attorneys are ready to negotiate with Berkshire Hathaway and consistently fight for your right to be compensated. If you would like in-depth information in regards to the average compensation available for recovery, you must contact our law firm at your earliest convenience.
Normandie Law Firm
Normandie Law Firm is a personal injury law firm dedicated to helping the unfortunate victims of traumatic truck accidents. If you are interested in fighting for your right to be compensated, you must contact our law firm as soon as possible. You might have assumed that your truck accident claim had some value, but it could be worth millions. You must contact our attorneys to discuss the future of your claim. Our firm offers free consultations and free second opinions to all parties affected by devastating truck accidents. During our free consultations and free second opinions, our experienced truck accident attorneys are available to answer all your questions and address all your concerns. You can trust that our lawyers will be available 24/7 to provide you with the legal guidance you need to file a successful truck accident claim against Berkshire Hathaway insurance. If you are interested in scheduling a free consultation or free second opinion—regardless if you believe that you have been affected by the incompetence of another attorney—you must contact our law firm and request to meet with our lawyers.
Our free legal services are available through our Zero-Fee guarantee, which ensures that our clients never have to worry about paying any upfront legal fees. Our firm is also based on contingency; therefore, our clients will not pay unless they win. Do not hesitate to seek legal assistance with the experienced truck accident lawyers at Normandie Law Firm.
