Top Factors That Impact The Value Of Your Louisiana Commercial Truck Accident Settlement

When you’re involved in a truck accident, understanding the factors that impact your settlement is key.

Keep reading to learn more about…

• How serious injuries can increase the value of your claim.
• Why insurance limits play a big role, especially in accidents with multiple victims.
• The importance of pain and suffering damages and how they’re calculated.

By breaking down these points, you’ll know what to expect and how a skilled Louisiana truck accident attorney can help you get the most compensation possible.

What Factors Influence The Value Of A Commercial Truck Accident Claim In Louisiana?

Several key factors can influence the value of your claim. One of the most significant is the severity of any injuries you’ve sustained, along with the total cost of medical care related to those injuries.

For younger individuals, an accident’s impact on future earning potential can also play a crucial role, particularly in cases involving permanent injuries or disabilities. Additionally, the amount of available insurance coverage may limit the claim’s value, especially when multiple parties are involved.

What Is The Average Settlement Amount For A Commercial Truck Accident In Louisiana?

Due to the highly variable nature of truck accident cases, determining an average settlement figure is challenging. Factors such as the severity of injuries and comparative fault can significantly impact the value of a settlement, with payouts ranging from tens of thousands to millions of dollars, depending on the circumstances.

While most cases fall somewhere between these extremes, it’s difficult to pinpoint an average amount because every case is different.

How Does The Severity Of Injuries Impact The Value Of A Truck Accident Claim In New Orleans Parish?

When you’re involved in a truck accident, the severity of your injuries is the most significant factor in determining the value of your settlement.

More serious injuries often result in higher settlements because they come with greater medical expenses and longer recovery times.

In essence, the settlement amount is closely tied to the extent of medical care needed for your recovery and how the injuries affect your overall quality of life.

Attorney Adam Whitley is a seasoned lawyer based in New Orleans, LA, who has helped countless clients just like you navigate the intricacies of personal injury law. With a decade of experience under his belt, he is prepared to assist you in negotiating your commercial truck accident settlement so that you can focus on recovery with a clear mind.

Still have questions? Ready to get started? Contact Whitley-Sebti Law today to schedule an initial consultation.

Will Insurance Policy Limits Impact How Much Compensation I Can Recover After A Truck Accident?

Commercial carriers are required to carry much higher insurance limits than standard drivers. This additional coverage is designed to address the greater risks associated with large trucks.

While these limits are often sufficient to cover damages in accidents involving a single victim, they can become a challenge in cases with multiple victims who have sustained serious injuries.

For accidents involving several vehicles or a single vehicle with multiple passengers, the available insurance may not be enough to provide adequate compensation for everyone affected.

Can Pain And Suffering Damages Be Included In My Truck Accident Case?

Pain and suffering often play a significant role in truck accident cases, as they are recognized as non-economic damages under Louisiana law. This means you may be eligible for compensation not just for physical injuries but also for mental anguish, emotional distress, and the loss of enjoyment of life caused by the accident.

When calculating pain and suffering damages, courts typically rely on one of two methods: the multiplier method or the per diem method.

1. The Multiplier Method
   This approach starts with the total of your economic damages—such as medical bills and lost wages. That amount is then multiplied by a number ranging from one to five, depending on the severity of your injuries and the impact on your life.
2. The Per Diem Method
   The per diem method assigns a daily dollar value to your suffering. This amount is then multiplied by the number of days your injuries have affected you. For example, if your daily rate is $100 and your recovery took 100 days, you could receive $10,000 for pain and suffering.

While these methods are commonly used, other factors—such as the specific circumstances of your case and the evidence provided—can also influence the final calculation. Consulting with an experienced legal team can help ensure that your pain and suffering are accurately evaluated, maximizing your potential recovery.

How Can Hiring An Experienced Louisiana Truck Accident Injury Attorney Maximize My Settlement?

Hiring an experienced personal injury lawyer who is familiar with the inner workings of commercial truck accident cases is extremely important when it comes to protecting your wellbeing and maximizing your recovery.

Insurance companies are in business to make money, meaning they will implement many tricks in order to reduce or reject your claim altogether. It is crucial to work with a legal professional who understands how to win you the compensation you deserve.

Still Have Questions? Ready To Get Started?

For more information on Commercial Truck Accidents In Louisiana, a free initial consultation is your next best step. Get the information and legal answers you are seeking by calling (504) 370-2777 today.