The horror of being in an accident with a semi-truck is something that trucking accident victims won’t soon forget. These accidents can lead to traumatic injuries that might take a long time to heal. In some cases, the injuries you suffer from a trucking accident might not ever fully heal. For those who have been injured in a trucking accident, seeking compensation for the injuries they suffered might be an option to consider.
When you opt to seek compensation for a trucking accident injury, there is a chance that you might not end up going to trial for the case. Instead, you might end up coming to a settlement agreement for the trucking accident.
Generally, a settlement agreement in the trucking accident would be a faster resolution to the claim for compensation than what is possible if you take the case to trial. The settlement might come after you go through an alternative dispute resolution process.
The process for coming to a settlement agreement usually involves dealing directly when the defendants in the case. This can be a taxing process for you emotionally and physically, but it is crucial that you consider this option carefully.
There are some downsides to truck accident settlements. In many cases, the defendants won’t have to publicly admit to being at fault for the accident. You wouldn’t be able to seek more compensation later if you find that the treatment for our injuries increases.
If you are willing to entertain a settlement, you must be sure that you know exactly what terms you are agreeing to. Find out the payment schedule, what the defendants must do, and what you must do to stay in compliance with the settlement terms.
Source: FindLaw, “Trucking Accident Settlements: What to Expect,” accessed May 24, 2016