If you’re traveling in a passenger vehicle, then you are more susceptive to injuries and fatalities in accidents involving large commercial vehicles. According to the Insurance Institute for Highway Safety, 96% percent of vehicle occupants killed in two-vehicle crashes involving a passenger vehicle and a large truck were the occupants of the passenger vehicles. Many truck drivers exceed the federally-regulated 11-hour driving limit and remain behind the wheel excessively fatigued, increasing the risk of death or injury to themselves and others. If you have been injured or someone you care for has been killed due to an irresponsible commercial vehicle driver, then you may be entitled to compensation.
If someone is involved in a commercial vehicle accident at no fault of their own, then there are many conflicting interests at stake. Insurance companies want to pay out the least amount of money they can. The trucking company is worried about avoiding government penalties and protecting their reputation. You and your family, the injured individuals, want to know how you’ll be able to cover your expenses, replace or repair your vehicle, and how to navigate the legal ramifications involved in your case.
What Is The Value Of My Case?
A common question people involved in an accident may ask is what exactly is the value of their case? Insurance limits differ in each state but accidents involving commercial vehicles are much higher due to being 20 to 30 times the weight of a regular passenger vehicle.
There isn’t an exact case value in any accident and all the circumstantial variables affect the claim. The settlement amount will depend on available insurance coverages and physical, financial, and emotional damage as a result of your accident. An experienced truck accident lawyer will gather and analyze information and calculate potential damages for you.
There are several factors that determine the value of your case including:
- The severity of the injuries
- The total costs of your medical expenses
- The number of your wages and earnings lost
- Loss of enjoyment or loss of normal life
- Your levels of pain and suffering
- The severity of property damages
How Long Will The Case Take To Settle
Insurance companies encourage injured victims to settle their claims as soon as possible to your disadvantage. By settling your case quickly, insurance adjusters can pay out the least amount possible. This can be a detriment to you because it will negatively impact your recovery of damages.
Once you hire an attorney, insurance companies will do all they can to drag out the proceedings because they know victims with lawyers are likely to receive settlements three times higher than those without.
The amount of time it takes for your particular case to settle will be dependent upon these factors:
- Determining and proving liability
- Your injuries and other damages
- The evidence of your case
- How soon the insurance company responds
- Settlement negotiation based on the total amount involved
- Whether or not you have an experienced attorney
How Do I Qualify for a Commercial Vehicle Accident Loan?
If you’ve been involved in a commercial vehicle accident and want to ensure that your legal representation has all the time it needs to properly litigate your case, then it could be in your best interest to secure an accident loan. An accident loan provides you with the legal funding you need to cover your expenses while you wait on your pending settlement. You qualify for a commercial vehicle accident loan if you’ve hired an attorney and been injured in a commercial vehicle accident in which you are not liable.
Why Pinnacle Legal Funding
Accident loans are cash advances on your pending settlement. Obtaining a loan from Pinnacle Legal Funding is quick and easy. In some instances, you can receive your loan within 24 hours. With Pinnacle Legal Funding you don’t need to make any monthly payments, and your loan application does not involve an income or credit check. You can complete your loan application by phone or online and we will give your funds to you. Please choose us and let us provide the financial support that you need to help you with your case.