Canal Insurance Company was acquired by William Timmons on December 1942. Originally established in 1939, Canal Insurance insured autos that were financed by the First National Bank of Columbia. Canal Insurance served as a truck insurance company after Timmons’ acquisition. Over the years, Canal Insurance Company expanded, and by 1958, the insurance company was licensed to provide truck insurance in twenty-seven states. During the 1960’s, Canal Insurance company continued to expand until reaching operation in forty-two states. With almost 80 years of experience providing insurance for trucks throughout the nation, Canal Insurance remains as one of the leading commercial truck insurance companies.
Have you recently learned about the possibility of filing a Canal Insurance Company truck accident claim? If you were involved in a truck accident, the truck that caused the accident could have been insured by Canal Insurance. If so, you might have grounds to file a Canal Insurance truck accident lawsuit. Did a member of your family lose his or her life in a truck accident? Did you sustain injuries during the truck accident? No matter how you were affected by a truck accident, you might have the right to sue. You must seek legal assistance as soon as possible.
If you are interested in taking legal action after you or a member of your family was involved in a truck accident, you must contact Normandie Law Firm as soon as possible. Normandie Law Firm is a personal injury law firm dedicated to representing those harmed in truck accidents. You might have the right to sue and receive compensation; therefore, you must contact our law firm as soon as possible and request to speak with our attorneys. Our attorneys will provide you with all the information necessary to allow you to begin your legal process.
Common Questions
The attorneys at Normandie Law Firm are often approached with many of the following questions:
- Do victims and surviving family members have the right to sue after a truck accident?
- Are claimants eligible to receive compensation?
- How much can you receive from Canal Insurance Company in case of a truck accident?
- How much is a truck accident case with Canal Insurance Company worth?
- What factors determine the payout that claimants could recover?
If you have found yourself asking these questions, you could benefit from speaking with our attorneys. If you would like in-depth answers to your questions, you must contact Normandie Law Firm and speak with our lawyers. Our experienced truck accident lawyers will answer all your questions. Do not hesitate—our attorneys will provide you with the guidance necessary to allow you to pursue your truck accident claim successfully.
Determining the Value of Your Claim
Without a doubt, truck accidents can result in physical, mental, and emotional affliction. However, truck accidents can also be devastating to a victim’s finances; if the victim, unfortunately, loses his or her life, surviving family members will likely face financial difficulties. Because of that, the potential value of truck accident claims is such an important topic amongst the parties affected by truck accidents. However, there is not a present claim value that applies to all truck accident claims. On the contrary, there are many factors that must be evaluated to determine how much the truck accident case with Canal Insurance Company could be worth. Some of the factors that determine the value of truck accident claims are described below:
- Insurance—the insurance that the truck that caused your accident carries is essential to determining the value of your claim. To begin, it is important to understand that trucks are required to carry insurance policies starting at $300,000 to $5 million, depending on the type of truck and cargo being transported. The coverage the truck has establishes its policy limit; for example, if the truck has a $400,000, that amount is the policy limit. The policy limit establishes the maximum amount available for recovery. Therefore, claimants would not be able to recover any amount that passes the established policy limit. What does this mean for your truck accident claim? If you were involved in a severe truck accident that resulted in a claim with an estimated value of millions but you were involved in a truck accident with a truck with low insurance coverage, you might not be able to recover the full value of your claim.
- Injuries—the injuries sustained during a truck accident are also essential to the determining the average value of a truck accident case against Canal Insurance Company. The types of injuries suffered are each associated with a specific monetary value, a value usually determined by the costs of medical care and follow-up treatment, for example. For minor injuries, you could receive $25,000, but you could receive $75,000 for moderate injuries. Severe spinal cord injuries that cause paralysis could be worth millions, but you could receive $75,000 to $100,000 if the injury is minor. You can receive $100,000 to $250,000 for a brain injury, but it could be worth millions (up to $3 million) if the injury causes cognitive loss and losses of other essential functions. Since most of the victims suffer multiple injuries, the value associated with the injuries suffered could be staggering.
No matter how influential the two factors above are in determining the value of a claim, there are other factors that are also relevant. Some of these additional factors include lost wages and comparative negligence, for example. If you would like more information about the different factors that could affect the average settlement value of a Canal Insurance Company truck accident lawsuit, you must contact the attorneys at Normandie Law Firm as soon as possible. Our attorneys will thoroughly evaluate your claim and help you understand the different factors that affect how much your truck accident claim is worth.
Sample Truck Accident Claim Values
If you are interested in learning more about the average settlement of a truck accident claim with Canal Insurance Company, you might be interested in reviewing past verdicts and settlements for truck accident claims. You can learn that the average value of a truck accident lawsuit that has no injuries is under $100,000. If you were hurt, the value of your case is likely going to be more than $200,000, especially if the truck driver were particularly negligent. Sometimes, the worth of a case is over $1,000,000, but this only happens when numerous parties contributed to an accident, when your injuries were permanent or life-altering, or when an individual died in the crash.
Some sample settlements and verdicts are listed below:
- $41,000—the victim suffered a lower back injury
- $184,000—the victim suffered a spinal injury
- $430,000—the victim severe suffered hand, wrist, and shoulder injuries
- $600,000—the victim suffered injuries of his arms, legs, and face, in addition to many other injuries.
As you can see, the settlements and verdicts reached in the examples below vary greatly. Although the samples above can help you understand how much truck accident claims could be worth, you should not use the sample claim values to assume the value of your claim. As mentioned above, the average settlement amounts for truck accident lawsuit against Canal insurance depend on the specific details and factors of a claim. If you would like to learn more about truck accident settlement amounts for a truck accident claim with Canal insurance, you must contact our law firm as soon as possible.
The Compensation Available for Recovery
What is the average compensation available for recovery? As mentioned in the sections above, there are many factors that determine the value of a truck accident claim. These factors also help establish the different categories of compensation available for compensation. Every claimant is eligible to recover different categories of compensation; some of the common categories of compensation are listed below:
- Medical bills
- Lost earnings
- Pain and suffering
- Property damage
- Funeral and burial costs
- Loss of consortium
- Punitive damages
Based on the list above, you might have already identified a few categories of compensation that might not apply to your claim. Because the compensation that you can receive varies, you must contact our law firm as soon as possible. Our attorneys will not rest until you receive the compensation that you deserve. Our experienced truck accident lawyers have dedicated many years fighting for the rights of truck accident victims; therefore, they will relentlessly negotiate with Canal Insurance Company until you receive the maximum amount of compensation available for your claim.
Normandie Law Firm
If you were involved in a truck accident with a truck insured by Canal insurance, you must consider filing a claim to become eligible for compensation. If you suffered injuries or if a member of your family lost his or her life, you could sue and be compensated. Our law firm is dedicated to fighting for the rights of all victims affected by truck accidents; therefore, we offer free consultations and free second opinions to all parties in need of legal assistance. During our free consultations and free second opinions, our experienced lawyers will be available to answer your questions and address your concerns—providing you with all the information you need to file a claim against Canal Insurance. Even if you and your claim have been negatively affected by the incompetence of an attorney, our attorneys can help you. Do not hesitate to contact our law firm.
Our free legal services are available as a part our firm’s Zero-Fee guarantee. Our Zero-Fee guarantee ensures that our clients never have to worry about paying any upfront legal fees for our legal assistance. Our firm is also based on contingency; therefore, our clients will never be required to pay legal expenses until after our attorneys win their claims. When our attorneys reach a successful outcome, payment for legal fees is deducted from the verdict or settlement achieved; therefore, clients never pay anything out of pocket. If the claim is unsuccessful, our clients are not required to pay us anything. If you are in need of legal assistance after a truck accident, contact Normandie Law Firm as soon as possible.
