Tower Insurance Company of New York was established in 1996. Over the years, Tower Insurance Company of New York has provided insurance coverage for many people and many companies. Tower Insurance is also one of the major providers of commercial insurance for trucks. If you were recently involved in a truck accident, you might have learned that Tower Ins. Co. of New York is the insurance company with which you must file a claim.
Do you know how to approach filing a claim after a truck accident? Most people are unprepared to handle a claim against an insurance company, even less so if it is a truck accident claim. You might be asking yourself many of the following questions:
- How much is a truck accident case with Tower Insurance Company of New York worth?
- What are the average settlement amounts for truck accident lawsuit against Tower Insurance Co. of New York?
- What factors affect truck accident settlement amounts for a truck accident claim with Tower Insurance Company of New York?
- What categories of compensation are available for recovery?
If you were involved in a truck accident, you could benefit from legal assistance. You must contact the experienced lawyers at Normandie Law Firm. Normandie Law Firm is a personal injury firm committed to helping all victims affected by truck accidents. You can trust that our attorneys will provide you with all the information you need to file a successful claim against Tower Insurance of New York. Do not hesitate to contact our firm as soon as possible.
Affecting Factors
What are the factors that affect the value of your truck accident claim? There are many factors that can affect the value of a claim. Although some factors can have a greater impact than others, all factors are thoroughly considered to establish the average settlement of a truck accident claim with Tower Ins. Co. of New York. Some of the factors that have an impact on the value of a Tower Ins. Co. of New York insurance truck accident lawsuit can be found below:
- Policy limits—one of the most important factors that can affect the value of a claim is policy limits. In most cases, victims can only recover up to the maximum amount of coverage provided by the defendant’s insurance policy. Therefore, if the victim’s claim is valued higher than the policy limit, the value of the claim must be adjusted. Trucks are required to carry minimum insurance coverage. Trucks considered a low risk are required to carry policies of a minimum of $300,000. Trucks at higher risk of accidents are required to carry policies with minimums from $750,000 to $5,000,000. Because policy limits are often higher for truck accidents, victims are generally eligible to recover the full value of their claims. For example, if your claim is valued at $1.3 million but the policy limit is $1 million, you can receive $1 for your claim; your claim’s value would be adjusted.
- Compensation limits—another factor that can affect the value of a claim is the compensation limits that might apply to your claim. Some states put caps on the maximum amount of compensation that claimants can recover. If a claim is valued higher than the compensation limits that apply, the value of the claim must be adjusted.
- Injuries—another major factor that can affect the value of a claim is the injuries sustained during the truck accident. Because of the size and weight of trucks, truck accidents often result in more devastating injuries in comparison to regular auto accidents. Victims often suffer multiple critical injuries that result in expensive medical bills. For example, traumatic brain injuries could warrant compensation from approximately $85,000 to up to $3,000,000. Broken legs, for example, could also warrant compensation on average from $10,000 from $15,000. Injuries that result in paralysis can be worth from $500,000 to $770,000. You might believe that your injuries are not worth much, but you could receive $25,000 for even minor injuries.
- Lost income—another factor that can affect the value of a claim is lost income. If the victim or claimant is unable to work and earn his or her normal wages, compensation could be granted. In general, the longer the victim or claimant is unable to work, the higher the effect of lost income on the claim’s value. The amount of lost income is calculated based on the victim’s age, wage history, and time unable to work.
In addition to the factors listed above, other factors could affect the average settlement value of a Tower Ins. Co. of New York truck accident lawsuit. These factors must be thoroughly evaluated by an experienced truck accident attorney to help you establish the value of your claim. If you would like to speak with our lawyers for more information about how these factors are affecting the compensation you could receive, you must contact Normandie Law Firm as soon as possible.
Compensation Available for Truck Accident Claims
How much can you receive from Tower Insurance Co. of New York in case of a truck accident? What is the average compensation you should expect to receive? As described in the sections above, there are many factors that affect the value of your claim and the compensation that you could receive. However, you should be familiar with the different categories of compensation often available for recovery. Many victims and claimants of truck accidents are eligible to receive the following categories of compensation:
- Medical expenses
- Lost wages
- Pain and suffering
- Property damage
- Punitive damages
Claimants filing claims for the death of members of their families could also receive the following compensation in addition to the categories listed above:
- Loss of consortium
- Funeral costs
- Burial costs
If you would like to learn more about the specific type and amount of compensation you could receive, you must contact our law firm as soon as possible. Besides providing you with all the information regarding what the truck accident case with Towner Ins. Co. of New York could be worth, our attorneys will also aggressively fight for your right to recover the maximum amount of compensation available for your truck accident claim. Our experienced truck accident lawyers are experienced in negotiating with insurance companies, and they will not rest until you receive all the compensation that you deserve.
Past Verdicts and Settlements
If you were involved in a truck accident and you are interested in filing a Tower Ins. Co. of New York truck accident claim, you might be interested in learning more about past verdicts and settlements for claims similar to yours. Below, you will find a few sample verdicts and settlements:
- $50,000—the victim was rear-ended by a truck, resulting in back, neck, knee, and shoulder injuries.
- $743,000—the victim suffered herniated discs and tears in her vertebrae after being struck while sitting in a car stopped at an intersection.
- $1,000,000—the victim was struck and killed by a truck.
- $1,000,000—the victim was struck and killed by a truck that failed to stop at a stop sign.
- $1,030,000—the victims were involved in an accident with a truck. The victims suffered eye injuries, hip injuries, and other broken bones.
- $1,050,000—the victim was struck by a truck, resulting in a broken leg.
- $1,500,000—the victim was stopped on the side of the road when he was struck and killed by a truck that veered off the road.
- $2,884,500—the victim was struck and killed by a truck.
- $5,000,000—the the victim’s vehicle was struck by a truck that was traveling in the wrong lane. The victim suffered fatal injuries.
If you would like to learn more about the potential value of your claim and the payout you could receive for your truck accident, you must contact the attorneys at Normandie Law Firm as soon as possible. You can be certain that our skilled truck accident lawyers experience in handling claims against Tower Ins. Co. of New York will fight for your right to recover the compensation that you deserve.
Normandie Law Firm
If you were involved in a truck accident, you must contact our firm as soon as possible. After speaking with our experienced attorneys, you should have a thorough understanding of the average value of a truck accident case against Tower Insurance Company of New York. You can trust that our truck accident lawyers will provide you with the legal guidance necessary to ensure that your truck accident claim against Tower Insurance reaches a successful outcome.
Normandie Law Firm provides free consultations and free second opinions to all victims of truck accidents and their family members who might be filing a claim. During our free consultations and free second opinions, our experienced lawyers are available to answer all your questions and address all your concerns. Our truck accident lawyers are experienced in handling claims against Tower Insurance Co. of New York and will give you all the information you need to file your claim. You might have already started your legal process at another law firm and with another attorney. If so, you could be experiencing doubts, confusion, and fear about the outcome of your claim. If you were affected by the misinformation given to you by an incompetent attorney, you must speak with our attorneys. You might mistakenly believe that your truck accident claim is worthless, but it could be worth thousands, hundreds of thousands, and even millions. You must contact our law firm as soon as possible to learn more about the average settlement amount you might receive.
Our law firm is dedicated to helping all victims regardless of their financial status; therefore, our Zero-Fee guarantee ensures that our clients never have to worry about paying any upfront legal fees for any of our services. Our guarantee also establishes our strict contingency status. Since our firm is based on contingency, our clients will not be required to pay legal fees until after their claim reaches a successful outcome. You will not pay any legal fees if you do not win—contact Normandie Law Firm today to file your claim against Tower Insurance Co. of New York.
