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The Types of Compensation You Can Claim in Your Truck Accident

David Morey November 21, 2023 2 min read
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Every driver hopes that they never find themselves involved in an accident involving a large truck. Too many risks exist to list, and there’s a chance you could get killed or severely injured in a collision with a truck. Such an accident can cause physical injuries as well as emotional trauma that is almost unbearable. It may be tempting to turn your back and forget about the whole incident. However, it’s crucial to know your legal options if you or someone you care about is hurt in a truck accident to get the deserved compensation.

Different Kinds of Compensation You Can Receive After a Truck Accident

After proving negligence in your claim, how much settlement can you expect? This depends on how serious your injuries are.

Economic Damages

These are things that have a monetary value associated with them. Economic damages are easier to compute. You will probably be asked to submit information on all of your current out-of-pocket expenses when your lawyer reviews the specifics of your case. Included, but not limited to:

  • Past and present medical expenses
  • Medication
  • Care for nurses at home
  • Alterations made to your home as a result of the mishap
  • Harm to your possessions
  • Lost income

Even though a truck accident can be fatal or extremely traumatic, the aftermath is frequently a significant financial burden. Working with an experienced lawyer who will fight for your right to fair compensation is crucial here.

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Non-Economic Damages

Since non-economic damages are intangible and may be challenging to put a monetary value on, they are frequently more challenging to determine. Skilled lawyers will use either the per-diem method or the multiplier method to determine the non-economic losses. Non-monetary losses consist of:

  • Loss of enjoyment of life
  • Grief and emotional counseling
  • Pain and suffering
  • Loss of consortium

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Punitive Damages

Punitive damages may be available to you in certain circumstances. Usually, you will also receive other forms of compensation from the claim, both non-economic and economic, in addition to punitive damages. In order to present a model case of a careless driver or trucking company, courts grant these damages.

In the event that a truck driver or company deliberately disregarded safety laws and regulations or demonstrated extremely risky driving behaviors in order to cause the collision, they may be required to pay punitive damages. These damages usually become relevant when the truck driver’s negligence causes a victim of the accident to either die or suffer life-altering injuries.

Don’t Wait to Contact a Skilled Truck Accident Attorney

One of the riskiest incidents that can occur on the road is a collision with a large truck, which almost always results in serious injuries. When you are injured in a truck accident, it’s critical to understand how to make the most of all of your legal options. In order to better prepare for the fallout from a catastrophic truck accident, you have to ensure that you have adequate financial protection.

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