When an accident happens between a small vehicle and a commercial truck, it’s the smaller vehicle that comes out worse for wear. It’s why trucking companies are required to carry large insurance policies on their vehicles.
If you’ve been hurt in a truck accident and you need compensation, Wade Law Firm is ready to help. We have truck accident lawyers in Carmel and the surrounding area ready to help you get the money you need to pay for your accident.
How Much Insurance Must Truck Drivers Carry?
The insurance filing requirements demanded by the FMCSA vary depending on the type of transport and what needs to be hauled. For 18-wheelers, the minimum coverage is $750,000 and goes up from there, even up to $5 million!
A trucking company may choose to go with a third-party insurer or decide to self-insure instead. Either way, this means that the odds are very high that any truck accident will have insurance coverage to pay for claims.
Even if the driver chooses not to carry insurance, which is illegal, their employer will likely have it or someone else who may be deemed a responsible party. For example, if the truck was improperly loaded and the load fell off to crush a vehicle, that may be the responsibility of whoever loaded it, not the driver or their employer.
For a free legal consultation with a truck accidents lawyer serving Carmel, call (815) WADE-LAW
How Do I File a Truck Accident Claim?
Filing a truck accident claim is no different than filing any other motor vehicle accident claim. At the scene, you will need to render aid, exchange information, and report the incident to the police as normal.
Depending on your injuries, the other party’s insurance company may try to reach out to you first to get a statement. You are under no obligation to give them one before you speak with a truck accident lawyer. Do not sign anything if you’re offered nor take any settlement money either.
The insurance company is not on your side. They are seeking ways to reduce your level of compensation. By working with a lawyer, you can protect your interests and improve your chances of getting the real value of your case.
Carmel Truck Accident Lawyer Near Me 815-923-3529
How Much Could I Get from My Truck Accident Case?
This is a tricky question because you can only get the money we’re able to prove you’re owed, plus whatever can be negotiated in non-economic and punitive damages. What we can say is that it will be difficult to get more than the policy limit.
Thankfully, unlike many car accident cases, the huge policies of trucking companies usually have enough cash to cover the costs of most accidents, even in the case of severe injuries. Evidence from the police report, medical records, your employer, and others can prove how much your injury has cost you.
By having a lawyer on your side, you can avoid many of the tricks insurance companies use to deny or reduce coverage. You may also learn you’re eligible for compensation you haven’t considered before.
Comparative Fault in Indiana
Another way your compensation could get reduced is if you had partial blame for your accident. Indiana uses a system of comparative fault to determine blame in accidents. Insurers will try to find ways to pin at least some of the blame on you.
As long as you are less than 51% to blame for your accident, you are allowed to get compensation through the court. Any percentage of blame you share will reduce your compensation by that percentage.
An example would be if it was found you weren’t wearing a seatbelt when the truck hit you. While the truck is at-fault, you acted in a way to make your situation worse. The court would assign a percentage of the blame and reduce your compensation by that much.
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Will My Case Go to Trial?
It may surprise you that only a few truck accident cases ever make it to trial. Most of the time, insurance companies and injured parties can come to an agreement about a settlement offer. Your lawyer helps with the negotiation and tells you if an offer is fair or not.
You are under no obligation to accept a settlement offer and always have the option to go to trial. Your lawyer will instruct you about what the risks and rewards are about taking the matter to a court. If the court doesn’t rule in your favor, there’s little that can be done short of an appeal.
Speak with a Truck Accident Lawyer Now
Wade Law Firm wants to help you if you’ve been the victim of a truck accident. We’re waiting to hear from you so you can get the compensation process started. The longer you wait, the harder it will be for your case.
To get started, call us or use our contact form to schedule a consultation. Your consultation is free and without obligation. Wade Law Firm works on contingency for personal injury cases, so you do not have to pay us anything unless we win your case.