Colony Insurance is an insurance company with an excellent rating from an independent insurance rating agency. Colony Insurance provides reliable coverage in fifty U.S. states and some U.S. territories. Colony Insurance provides many insurance services, including commercial insurance coverage. Were you recently involved in a personal injury accident with a commercial vehicle? Was a member of your family killed in a truck accident? Regardless of the situation, the truck accident might have involved a truck with Colony insurance coverage. If so, you might have grounds to file a Colony Insurance truck accident claim.
If you are interested in filing a truck accident claim against Colony Insurance, you might have considered the potential payout that you could receive. You might have many questions regarding the value of your claim. Many of the victims of truck accidents that contact our law firm ask us some of the following questions:
- Are victims of truck accidents eligible to receive compensation?
- What is the average settlement of a truck accident claim with Colony Insurance?
- How much can you receive from Colony Insurance in case of a truck accident?
- How much is a truck accident case with Colony Insurance worth?
- What factors determine how much the truck accident case with Colony Insurance could be worth?
Why is the potential value of your claim so important? Unfortunately, truck accidents often result in devastating outcomes—severe injuries and fatal injuries, both of which can lead to mental, emotional, and financial distress. If you and your family have encountered financial difficulties after a truck accident, you are not alone. The attorneys at Normandie Law Firm could help you recover the compensation that you deserve. Allow the attorneys to handle your claim and help you overcome the financial difficulties that you and your family members are experiencing because of the unexpected expenses caused by the truck accident.
If you have searched for answers for some of the questions above after your truck accident, you might need immediate legal assistance. Normandie Law Firm is a personal injury law firm dedicated to fighting for the rights of all parties affected by truck accidents. Our attorneys have spent many years handling truck accident claims against many insurance companies, including Colony Insurance. If you are interested in speaking with our trusted lawyers, you must contact our law firm as soon as possible and request to schedule a free consultation or a free second opinion.
How Much is Your Claim Worth?
What are the average settlement amounts for truck accident lawsuit against Colony Insurance? The average settlement amount of a truck accident claim varies depending on the specific details of your claim. There are many factors that could affect the value of your truck accident claim. Some of these factors include policy limits, comparative negligence, and injuries sustained. These details are further explained below:
- Policy limits—the average value of a truck accident case against Colony Insurance can be affected by policy limits. Policy limits establish the maximum amount of compensation that a claimant could recover from an insurance policy. For example, if the truck involved in your accident carries a $900,000 policy, you could only recover compensation equal to or less than the $900,000 policy limit. If your truck accident claim was valued anything above the policy limit, you would not be able to recover the full value of your claim. The policy limit that applies to your claim depends specifically on the truck’s insurance policy; therefore, you must seek legal assistance as soon as possible.
- Comparative negligence—truck accident settlement amounts for a truck accident claim with Colony Insurance can also be affected by comparative negligence. Comparative negligence is a percentage that states the victim’s fault for his or her accident and injuries. If the victim is comparatively negligent, a percentage equivalent to the victim’s comparative negligence would be ineligible for recovery. For example, if the victim is found 10% negligent, the claimant would be eligible to recover 90% of the value of the claim. Because comparative negligence does not always apply, you must seek legal assistance as soon as possible.
- Injuries—the injuries that you sustain can also affect the average settlement value of a Colony Insurance truck accident lawsuit, specifically because all injuries are associated with a specific value. You can receive $25,000 for minor injuries, but you could receive $75,000 for moderate injuries. In general, more severe injuries are worth more than mild and moderate injuries. For instance, spinal cord injuries could be worth up to $150,000, but they could be worth millions in case of paralysis. Similarly, traumatic brain injuries could be worth up to $250,000, but they could be worth up to $3 million in case of loss of cognitive abilities, for example. For more information about how the value of your claim is affected by the injuries you sustained, you must contact our law firm as soon as possible.
Many other factors could affect the value of your claim. For more information about the different factors that could affect the value of your truck accident claim, you must contact our law firm as soon as possible. Our attorneys will provide you with all the information you need to gain a better understanding of the potential value of your truck accident claim.
Sample Claim Values
You might have assumed the value of your claim, but it could be worth more than you could have estimated. Below, there are a few sample claim values for past truck accident claims:
- $184,200—the victim suffered lower back injuries.
- $425,000—the victim suffered a series of injuries as a result of a truck accident.
- $600,000—a truck accident left the victim suffering a variety of injuries including leg injuries, clavicle injuries, facial injuries, and arm injuries.
- $875,000—the victim suffered multiple fractures throughout his body after a truck accident.
- $1 million—the victim suffered leg and rib injuries
- $1.2 million—the victim suffered ankle injuries, knee injuries, and wrist injuries after being involved in an accident with a dump truck.
- $1.4 million—the victim suffered both a herniation of a cervical disc and a torn rotator cuff injury as a result of a truck accident.
As you can see, the values associated with the truck accident claims above can vary. You should never use past claim values to estimate the value of your claim. However, reviewing past settlements and verdicts could help you understand how your claim could be valued. For more information about past verdicts and settlements, you should contact our law firm as soon as possible.
The Compensation Available for Recovery
What is the average compensation available for truck accident injury claims? The specific factors of your truck accident claim also determine what type of compensation that the victim could receive. Although not all truck accidents are the same, many claimants are eligible to recover the following categories of compensation:
- Medical costs
- Lost income
- Pain and suffering
- Property damage
- Funeral costs
- Burial costs
- Punitive damages
To learn more about what categories of compensation apply to your truck accident claim, you must contact our law firm as soon as possible. The experienced attorneys at Normandie Law Firm will not hesitate to fight for your right to receive the compensation that you deserve. Our attorneys will fight for your right to recover the highest amount of compensation available for your claim. Whether our attorneys have to constantly negotiate with the insurance adjusters at Colony Insurance or take your claim to trial, they will not rest until you are rightfully compensated. For more information about the specific type of compensation that you could receive, you must contact our law firm as soon as possible. Our lawyers are ready to help you receive the compensation to which you are entitled.
Normandie Law Firm
If you or a member of your family were affected by a truck accident, you could file a Colony Insurance truck accident lawsuit. When you contact Normandie Law Firm and allow our attorneys to handle your truck accident claim, you can be certain that your claim will be in good hands. Our attorneys have many years of experience handling truck accident claims against recognized insurance companies, such as Colony Insurance. Our lawyers understand the difficulties in which truck accident can result. Besides physical, emotional, and mental harm, truck accidents can result in financial difficulties. At our law firm, our attorneys are prepared to handle your claim and help you recover the compensation that you deserve. If you are interested in speaking with our attorneys, you must contact our law firm immediately.
Our law firm offers free consultations and free second opinions. During our free consultations and free second opinions, the experienced attorneys at Normandie Law Firm will answer all your questions and all of your concerns regarding the value of your truck accident claim. Do you believe that your claim has been negatively affected by the incompetence of an attorney at another law firm? If so, you might have many unanswered questions, doubts, and some confusion. If you are in need of a free second opinion, you can trust that our attorneys can provide you with the guidance that is necessary to get your claim back on the path towards a successful outcome. Whether you are in need of a free consultation or a free second opinion, you must contact our law firm immediately and request to meet with our experienced attorneys.
Our law firm offers free legal services to ensure that all parties have access to the expertise of an attorney. Our free legal services are available because of our Zero-Fee guarantee. Our Zero fee guarantee ensures that our clients never have to worry about having to pay for any legal fees or expenses to speak with our lawyers. Our firm is also based on contingency. Because of our contingency fee structure, our clients will not be required to pay any legal fees until after the claim reaches a successful outcome. If you do not win, you will not pay—contact our law firm as soon as possible.
