Were you recently involved in a truck accident? Was a member of your family recently deceased in a truck accident? The majority of truck accidents are severe; therefore, it is likely that the truck accident which affected you or your family resulted in severe injuries or even death. After truck accidents, the parties involved—especially the victim and the victim’s family—often encounter financial difficulties.
If you were affected by a truck accident, you have likely thought about the possibility of filing a lawsuit against the truck’s insurance company. Information regarding the truck’s insurance coverage might have led you to Chubb Group of Insurance Companies (Chubb Insurance). Chubb Insurance is one of the largest insurance companies worldwide—operating in fifty-four countries. Chubb is also the largest provider of commercial insurance in the United States. If you were involved or affected by a truck accident involving a truck insured by Chubb Insurance, you might have considered pursuing a Chubb Group of Insurance Companies truck accident claim.
If you file a Chubb Group of Insurance Companies truck accident lawsuit, you might be eligible to receive compensation. Regardless if you sustained injuries or if a member of your family was killed, you might have the right to be compensated. The compensation available after filing a successful lawsuit cannot alter the effects of the truck accident, but it can help you and your family move on with your life and free yourselves of financial hardships as soon as possible.
Because of an overwhelming concern about the value of truck accident claims, many parties affected by truck accidents contact us with the following questions:
- How much can you receive from Chubb Group of Insurance Companies in case of a truck accident?
- How much is a truck accident case with Chubb Group of Insurance Companies worth?
- What is the average compensation available for victims of truck accidents?
- How is the value of a truck accident claim determined?
If you have any of the questions listed above, 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. Our attorneys have spent many years committed to representing truck accident victims and their families, fighting for their right to be compensated. If you would like answers to your questions about the potential value of your truck accident claim, you must contact the attorneys at our law firm as soon as possible. Our experienced truck accident lawyers will give you all the information you need as well as provide you with the guidance required to pursue your truck accident claim against Chubb Insurance.
Past Claim Values—Settlements and Verdicts
Your case value is worth a lot of money at times. You could receive over $100,000 if you were not at fault for the accident. Your truck crash lawsuit might be worth over $1,000,000 if your injuries were particularly severe and you found yourself unable to return to work or to a regular daily routine after the crash. The average value of a truck crash claim is $250,000 if you can show that other parties, such as doc workers or the company itself, had a hand in your crash.
Since understanding the average value of a truck accident case against Chubb Group of Insurance Companies is probably one of your major goals when you seek legal assistance, you could benefit from reviewing past settlements and verdicts. Past truck accident settlements and verdicts are listed below:
- $40,000—the victim suffered many injuries, including knee, back, head, and neck injuries.
- $41,000—the victim suffered a lower back injury.
- $184,000—the victim suffered a back injury.
- $352,000—the victim suffered traumatic brain injuries, shoulder injuries, loss of cognitive abilities, and post-traumatic stress disorder.
- $430,000—the victim suffered severe injuries to his shoulder, hand, and wrist.
- $600,000—the victim suffered a host of injuries, including injuries to his arms, legs, and clavicle; the victim also suffered many lacerations and permanent scarring.
- $650,000—the victim suffered multiple severe hip and leg injuries.
- $820,000—the victim suffered severe injuries to his hip and his arm.
- $875,000—the victim suffered from a laceration to an organ as well as multiple fractures.
As you can see, the settlements and verdicts of the sample claims above vary. Why are the claim values so different if the type of accident (truck accident) is the same? Based on the list above, you should be able to see specific injuries associated with each claim. These injuries affect the claims’ value; however, the type of injuries sustained is not the sole factor that determines the value of a claim. Some of the additional factors that affect the average settlement amounts for a truck accident claim with Chubb Group of Insurance Companies are discussed in the section below.
The Determining Factors
As briefly mentioned above, there are many factors that are evaluated to determine the average settlement of a truck accident claim with Chubb Group of Insurance Companies. The majority of claimants acknowledge that the injuries sustained during their truck accident affect the value of their claim. Do you understand why the injuries you suffered matter to the value of your claim? All types of injuries are associated with a specific value. For example, minor injuries could be worth up to $25,000; you can receive $50,000 to $75,000 for moderate injuries that require some surgical treatment. As the severity of the injuries continues to increase, the value of the injuries also increases. For example, brain injuries and spinal cord injuries are often valued at ranges of $75,000 to $250,000. These injuries can be valued millions of dollars if they are severe cases. A brain injury that results in cognitive loss and required living assistance could be worth up to $3 million; spinal cord injuries that result in paralysis can be worth approximately $1 million. Besides injuries, many other factors could affect the payout claimants could receive. A factor that is used to determine the value of a truck accident claim is the truck’s insurance policy limit. A policy limit is the maximum amount of coverage in case of an accident. Since trucks are federally mandated to carry insurance policies ranging from $300,000 to $5 million minimum, policy limits—or the insurance coverage truck’s carry—are often above the minimum requirements. Policy limits affect the value of your claim by determining the maximum amount available for recovery. Consider this hypothetical scenario: your truck accident claim is estimated to be valued at $2 million based on some factors. You are involved in a truck accident with a truck that has a policy limit of $1.5 million. Since the policy limit is not enough to cover the estimated value of your claim, your claim’s value would be limited to $1.5 million, and you would not be eligible to recover the remaining value. You might not receive the full value of your claim, but you could receive $1.5 million. If the truck had a policy limit higher than the estimated value of your claim, you would be eligible to recover the full value of your claim. There are many other factors that could affect the value of your truck accident claim. For more information about the other factors that could affect the average settlement value of a Chubb Group of Insurance Companies truck accident lawsuit, you must contact our law firm as soon as possible.
The Compensation Available for Recovery
You might have mistakenly assumed that your claim was not grounds for compensation, but it could be worth hundreds of thousands of dollars, or even millions. Besides the factors discussed above determining the value of your claim, they also determine the specific categories of compensation you are available to recover. Separating compensation into clear categories allows claimants to better understand their compensation. Every claim is different; however, many truck accident claims result in the following forms of compensation:
- Medical bills
- Lost earnings
- Pain and suffering
- Property damage
- Loss of consortium
- Funeral costs
- Burial expenses
- Punitive damages
There are often many categories of compensation available for recovery. Because the compensation you could receive varies, it is essential that you contact an experienced attorney as soon as possible. When you contact our law firm and allow our lawyers to handle your claim, you can be certain that our attorneys are fully invested in the success of your claim. The attorneys at Normandie Law Firm will negotiate with Chubb Insurance until you are rightfully compensated. Our truck accident lawyers understand the value of your claim and will not rest until you receive the maximum amount of compensation available. To further discuss compensation and the average settlement amounts for truck accident lawsuit against Chubb Group of Insurance Companies, you must contact Normandie Law Firm as soon as possible.
Normandie Law Firm
If you were recently injured in a truck accident and want to learn more about the potential value of your claim, you must contact our law firm as soon as possible Our experienced truck accident attorneys are ready to handle your claim and help you reach a positive truck accident claim outcome against Chubb Insurance. If you have any questions about what the truck accident case with Chubb Group of Insurance Companies could be worth, you must contact us today to speak with our lawyers.
Through free consultations and free second opinions, our law firm ensures that our legal assistance is accessible to all parties affected by truck accidents. Our attorneys will always be available to answer all your claims, address all your concerns, and provide you with all the information you need to file a successful lawsuit against Chubb insurance. If your truck accident claim has been negatively affected by an incompetent attorney, our attorneys will do everything within the law to help you and your claim return towards the path of a successful lawsuit.
Our free legal services 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 contingency status also ensures that our clients are not required to pay legal fees until after our attorneys win their claims. Do not hesitate—contact the attorneys at Normandie Law Firm as soon as possible to begin your claim against Chubb Insurance.
