Tyack Law News + Blog

How Much Money Do You Get From a Tow Truck Accident Settlement?

January 11, 2023

Truck accidents can cause a wide range of injuries that can be devastating for those who suffer from them. Truck accidents can be catastrophic, which is why having a strong legal team is so important for people who are juggling the challenges and the pain of their truck accidents.

The Severity of Truck Accidents

Truck accidents cause a lot of damage. They cause over half a million accidents per year, and nearly 25% of these accidents result in either injury or death. In most truck accident cases, claims were filed, and in these cases, there were millions of dollars of settlements given to people who were hurt in accidents.

How Much Money Can I Get After a Truck Accident?

On average, truck accident settlements pay out just under $43,000, based on data collected between 2015 and 2021. This data includes all heavy and commercial truck settlements recorded within that time period.

Remember that this number is just an average, and it can’t possibly tell you how much you will receive for your truck accident. Each accident is unique, and the amount you get for your accident is dependent on situational factors like how injured you are, the fault of the other party, and your loss of income or wages.

To get a better idea of how much you can get after a truck accident injury, you should consult a qualified personal injury law firm that can help you understand what you can expect from your circumstances.

Why Truck Accidents Are Complex

Truck accidents often include more parties than other accidents. While all vehicle accidents will generally include the injured party, the at-fault party, and the insurers, truck accidents can add even more parties to the equation. For instance, the employer of the truck driver may have a role.

Another consideration is that because trucks are so big, they often cause more injuries and more severe injuries. The severity of injuries influences the corresponding settlement.

Each party in truck accidents wants to protect its bottom line, so you have to have a team on your side to fight for yourself.

Types of Injuries in Tow Truck Accidents

The types of injuries you face in a tow truck accident can impact your settlement price. Some of the most common injuries that may lead to a truck accident settlement include:

  • Neck and back injuries
  • Contusions and cuts
  • Emotional suffering
  • Head and traumatic brain injuries
  • Broken bones
  • Disfigurement and scarring

These are just a few examples of injuries you may face, but other injuries you may have faced after an accident are also relevant to how much you will get in your personal injury case.

Types of Damages

There are many types of damages that may be factored into your settlement. Some common damages in these cases include:

  • Medical expenses
  • Loss of wages
  • Pain and suffering
  • Disfigurement and scarring
  • Loss of consortium

These damages all play a role in how much money a person receives from a settlement. A legal team can help you show that you deserve more compensation based on what has happened to you.

Discussing Fault

In Ohio, comparative fault is used. What this means is that fault can be divided between parties. Thus, while one party could be 90% at fault for an accident, another can be 10% at fault for that accident. If an injured person is partially at fault for an accident, they will receive less money because of their role in the accident.

How to Prepare Settlement Demand for Truck Accidents

There are many steps you can take to help your case and make sure that your payout is as high as possible.

  • Seek medical help promptly: Even if you think medical assistance can wait, it’s important to get medical help right after the accident to be sure that any injuries can be linked directly to your accident.
  • Exchange information: Make sure that you get information not just from other parties in the case but from any witnesses who may have seen what happened.
  • Document the accident scene: Take pictures or record the scene. Doing so can help you show fault and can help your legal team piece together a strong case.
  • Keep organized records: Make sure that you have all the necessary documents in one place. Staying organized can ensure that you don’t miss any important information that you need for your case.
  • Find legal help as soon as you can: While you should take care of your immediate needs first, getting prompt legal help can give you the strongest legal case and the most damage.

It’s hard to process a truck accident, and it may be hard to do some of these things if you are severely injured, but do as much as you can safely do to ensure your case is strong, and you get the money you need to care for yourself and find the most joy in your life.

Get a Lawyer for Your Ohio Tow Truck Accident Settlement

Ohio truck accident settlements require a dedicated legal team. Lawyers not only help you fight for the best possible settlement, but we can help you understand the full extent of damages you have endured.

Many people don’t know that they can add more than just monetary costs like medical bills. They can also incorporate damages like pain and suffering. Truck accident settlements can be intimidating and stressful for clients, but your legal team should make you feel reassured and make dealing with your injury easier.

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