Semi Truck Accident Settlements – How Compensation is Calculated

Serious injuries, lost wages, and emotional trauma are just a few of the challenges you may face after a serious semi-truck accident. If another driver’s negligence caused your accident, you may be entitled to compensation for your losses. But how much is a semi-truck accident settlement worth? Unfortunately, there’s no simple answer. Several factors come into play when calculating compensation.

Understanding Damages in Semi-Truck Accident Cases

There are two main categories of damages considered in a semi-truck accident settlement: economic damages and non-economic damages.

Economic damages: These are the tangible costs associated with your accident, with clear financial records to prove them. Examples include:

  • Medical bills (past, present, and future)
  • Lost wages
  • Property damage (car repairs or replacement)
  • Out-of-pocket expenses (medical supplies, transportation)

Non-economic damages: These are more subjective and represent the emotional and physical pain caused by the accident.  Examples include:

  • Pain and suffering
  • Emotional distress
  • Loss of enjoyment of life
  • Loss of consortium (spousal companionship)
  • Scarring and disfigurement

Factors Influencing Settlement Value

Several factors can influence the total compensation you receive in a semi-truck accident settlement:

  • Severity of your injuries: More severe injuries requiring extensive medical care and rehabilitation will generally result in a higher settlement.
  • Impact on your life: How the accident has impacted your ability to work, perform daily activities, or enjoy life will be considered.
  • Liability: The degree to which the truck driver was at fault plays a major role. Clear evidence of their negligence strengthens your case.
  • Medical records and documentation: Having a clear and detailed medical record documenting your injuries and treatment is crucial for proving your damages.
  • Insurance coverage: The at-fault party’s insurance policy limits can affect the total settlement amount you receive.

An Experienced Attorney Makes a Difference

Calculating the value of a semi-truck accident settlement requires a thorough analysis of all relevant factors.  An experienced personal injury attorney can assess your case, gather evidence, negotiate with insurance companies, and fight for the maximum compensation you deserve.  

Contact us today for a free consultation at (575) 523-2222. We are located in Las Cruces and are proud to service the surrounding areas, including Santo Tomas, La Mesa, Fort Selden, Radium Springs, Doña Ana, and beyond.