Truck accident claims handled by Tower Ins. Co. of New York may be settled within 6 to 12 months. But this is an estimate range that does not take certain nuances and complications into account. Victims who have sustained permanent, severe injuries may need to wait 12 to 18 months before they receive compensation. This is also the average timeframe to settle truck accident wrongful death claims, which are extremely complicated cases. If your case is tried in court, receiving compensation from a jury verdict will probably take over 3 years.
Why is It Taking So Long to Get Paid from Tower Ins. Co. of New York?
There is no straightforward answer to this question, though we will explore this topic in great detail throughout this article. But it’s impossible to cover all the variables that can impact how long it takes to settle a truck accident injury claim. At the end of the day, each accident has unique factors that contribute to the settlement timeline, and it’s essential to discuss these variables with an experienced attorney.
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Who is Liable for My Injuries?
It may seem obvious to you that the truck driver or some other entity is to blame for the harm you suffered. However, meeting the legal standard of proof involves a detailed and thorough investigation. This stage of the claim can take 3 or more months, and there is virtually nothing you can do to speed up the process. Though it’s frustrating, please keep in mind that liability is the foundation of a personal injury claim, and there is no way to move forward unless we have answers to many important questions, such as:
- Was the driver of the truck, as well as their employer, in full compliance with Federal Motor Carrier Safety Administration regulations?
- Did the truck driver comply with regulations according to the Federal Motor Carrier Safety Administration?
- Is there a third party source that may be responsible, like an auto parts manufacturer that sold a defective product?
- Was the vehicle properly maintained, and were the repairs, parts replacements, etc. done properly by the mechanic?
- Is it possible that a motorist other than the claimant and the truck driver is fully or partially responsible for the accident?
The Duration of the Accident Investigation
Whenever an accident involves a commercial truck, the resulting damages are likely to be catastrophic. This increases the amount of time that’s needed for an investigation, which can last for 3 or more months. We understand that this is frustrating, but getting a clear picture of how and why the accident occurred is essential to protecting your legal rights.
Insurance Coverage Policy Limits
How much coverage is offered by the truck’s insurance policy with Tower Ins. Co. of New York is a critical element in how long it takes to settle a claim. If the damages you are entitled to exceed the amount of coverage that’s available, that can certainly prolong the settlement process. In most of these cases, the claimant needs to file a lawsuit in order to recover the full range of damages.
Maximum Medical Improvement
Depending on how badly you are injured, a full recovery may not be possible. However, you still want to achieve maximum medical improvement, or MMI. Only your doctor can decide when you are at the point where no further improvement is expected. It’s likely that the insurance company will try to settle your case before you have reached MMI, but this can have negative consequences for you in the long run. Until you understand the full scope of health complications from an accident, it’s impossible to decide how much compensation is needed for short and long-term medical expenses.
Negotiation Talks with Tower Ins. Co. of New York
Negotiations can start by either side making a settlement offer. Based on how eager the insurance company is to settle your claim, they may take the lead and make you an offer right away. They do this, knowing how desperate victims are to receive any money at all when they are faced with mounting bills and a long, painful recovery.
Ultimately, you have the right to accept a settlement at any point during the claims process. But we urge you to discuss the offer with your attorney and make an informed decision on whether the proposed amount is acceptable. Your lawyer can talk to you about long-term expenses that you may not be aware of, along with non-economic damages, such as emotional distress and pain and suffering.
The vast majority of truck accident settlement negotiations take at least a few months, and multiple offers and counteroffers are exchanged by all the involved parties. Thus, how long it takes to reach an amount that is agreeable to everyone is a significant factor when it comes to how long your case takes to settle.
Help from a Truck Accident Claims Attorney
Hiring a lawyer is solely your decision, and there’s nothing to stop you from representing yourself in a claim against Tower Ins. Co. of New York. However, it can’t hurt to at least contact us and schedule a free consultation to learn about your rights and legal options. Depending on the complexity of your case and the compensation deserve, hiring a lawyer with decades of experience in truck accident claims may be in your best interest.
It’s also worth noting that recovering from your injuries and focusing on your health can be very difficult when you are dealing with legal complications all on your own. Our legal team can handle every aspect of your case and ensure that you have time for yourself and your loved ones.
Pay $0 for a Truck Accident Injury Attorney
Accidents come with unexpected costs, and the impact on your finances can be substantial. So, how can you afford to hire a qualified personal injury lawyer for a Tower Ins. Co. of New York truck accident claim?
With the Zero Fee Guarantee here at Normandie Law Firm, you will receive legal services for $0 upfront. Once your settlement check is release by the defendant’s insurance provider, a portion of it goes toward legal fees, and this is the only way we get paid. This way, there is nothing for you to pay unless we win your case.
Our legal experts are here 24 hours a day, 7 days a week, so call us today and schedule a free case evaluation.
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