The average tractor-trailer can weigh up to 80,000 pounds when fully loaded, compared to only 4,329 pounds for the average passenger vehicle. The sheer size and weight differential between huge trucks and passenger vehicles means that in an accident, the occupants of the smaller vehicle will sustain the most substantial property damage and severe casualties.

It is difficult to get your life back on track after a truck accident. It takes time, medical attention, rest, and access to adequate financial resources. However, if you are injured and unable to work, your money account may be depleted even as medical costs and daily expenses continue to mount. The good news is that these types of losses are often compensable in a truck accident claim. You will need the assistance of a semi truck accident lawyer but this will pay off.

So, what is the typical semi-truck accident settlement? First, let’s figure out how to calculate the value of a truck injury claim.

What Kinds of Compensation Am I Entitled to After a Truck Accident?
If you have been injured in a truck accident, you have the right to compensation that will allow you to recover. This means that the compensation you get must address your financial losses, injuries, pain and suffering, and all other aspects of your life that have been impacted.

In most cases, these damages are classified into three types: economic, non-economic, and punitive.

Economic Losses
Your economic damages are the direct and indirect cash losses caused by the accident. These could include:
- Lost wages if you are unable to work;
- Earning potential is reduced if you can no longer work in the same capacity;
- Medical bills from the past, present, and future;
- Costs of transportation to medical appointments;
- Vehicle maintenance costs;
- Damage to property if valuable things were damaged in the accident;
- It is critical to meticulously document all of your financial losses. Keep a copy of any bills you receive from doctors until you can show them to your attorney.

Non-Economic Losses
A truck accident can have far-reaching consequences for your life. Even if the harm and losses did not result in a direct or indirect pecuniary loss, you are still entitled to compensation.

Non-economic damages may include:
- Physical anguish, suffering, and pain;
- Suffering from mental anguish and emotional distress;
- Reduced quality of life;
- Scarring and disfigurement;
- Life enjoyment being lost.

Proving non-economic damages is far more difficult than showing economic damages. If the trucking company's insurer is unwilling to fairly compensate you for your non-monetary damages, contact an expert attorney right once. This simple action delivers a clear and concise message to the at-fault party: you know what you're worth and won't accept anything less.

Punitive Measures
Truck accident lawsuits can be handled out of court through discussions or taken to court, where the matter would be heard by a judge or jury. Although settling out of court usually takes less time than initiating a lawsuit, it is sometimes required because the insurance refuses to agree to a reasonable settlement.

Punitive damages may be paid in the event that a matter goes to court. Punitive damages are not compensatory damages, which means they are not intended to compensate you for any losses you have suffered. Instead, they are a type of financial punishment imposed on the at-fault party for extremely severe, malevolent, or grossly negligent behavior.

What Is the Average Settlement Amount for a Truck Accident Claim?
Because no two truck accidents are the same, no two truck accident settlements will be the same. The exact amount of compensation to which you are entitled following a semi-truck accident is mainly dependent on the number and severity of your injuries, your ability to work following the accident, the amount of medical care you receive, and other factors affecting your physical health, mental well-being, and financial stability.

However, victims might benefit from seeing what others in comparable situations have been able to recover.

The average cost of all large truck crashes, according to the Federal Motor Carrier Safety Administration (FMCSA), is $91,000. This figure includes all forms of truck accidents, including single-vehicle crashes, non-injury accidents, injury-causing accidents, and deadly wrecks. This implies that, while $91,000 is a representative average, it does not always reflect what an accident will cost an individual victim. The FMCSA, for example, estimates the cost of a single fatal truck accident at $3.6 million.

Your true accident cost could be significantly more than the average. However, don't expect the at-fault party in your accident to agree to a settlement that fully compensates you for all of your losses and hardships.

Trucking businesses and their insurers are renowned for shifting responsibility, limiting accountability, and minimizing payments whenever possible. As a result, knowing the value of your claim is critical to obtaining maximum compensation in your case. When you know what you're entitled to and have the support of a caring attorney, the insurance company will realize that they can't get away with deceiving you into accepting lowball offers.

Author's Bio: 

I am Amelia Grant, a journalist, and blogger. I think that information is a great force that is able to change people’s lives for the better. That is why I feel a strong intention to share useful and important things about health self-care, wellness and other advice that may be helpful for people. Being an enthusiast of a healthy lifestyle that keeps improving my life, I wish the same for everyone.