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Calculating a McKinney Truck Accident Settlement

The calculation for the settlement value depends upon many factors surrounding the case. A knowledgeable truck accident attorney could help you understand the nuances of filing a claim and the steps to help you seek compensation. If you or a loved one were injured in a collision with a tractor-trailer, speak to a skilled lawyer who could help with calculating a McKinney truck accident settlement to ensure you get the best deal for your situation.

What are Factors to Consider in a Settlement?

The calculation for the settlement value depends upon numerous factors. In every truck accident case, the factors are a little different. When calculating a McKinney truck accident settlement, one must look into the liability, damages, and available assets.

Liability

The first factor in calculating a McKinney truck collision settlement is the degree of the liability. Establishing how negligent the at-fault driver was could enhance the value of settlement. For instance, if a truck driver drove more hours than they should according to the trucking regulations, operated a truck that lacked proper maintenance, or drove while intoxicated, it could enhance the settlement value of one’s case.

Damages

The second issue to consider is the damages to the person injured. If an individual has more severe injuries, they may be able to receive a higher recovery. For example, people with catastrophic injuries, life-altering injuries that require lifelong care, lifelong pain and suffering, and impairment of a bodily function could recover more compensation than those with temporary or relatively insignificant injuries.

Available Assets

The last factor that always must be considered is the assets of the defendant or the availability of money to pay any judgment. If there is not enough money, then no matter how bad the injuries are or how significant the liability is, the settlement may be limited. In most trucking accidents, there is a minimum of a million dollar policy. Sometimes there are even larger policies, but even with significant injuries, it might not be enough money to cover damages. Many trucking companies, especially the carriers of hazardous materials, also maintain various layers of insurance coverage to provide in the event of a catastrophic loss.

Each of those factors has to be considered when determining whether or not a settlement or settlement offer is fair for the circumstances.

How Should a Claimant Decide Whether to Accept the Settlement?

There are many things that the injured person should take into account when considering a settlement. One issue is the effect of the potential settlement on their lives. The same offer for the same injury for one plaintiff might be an excellent offer, and for another, it might be something that does not interest them at all. For certain people and their facts of life, they have to have the case settled and they have no choice in the matter because of life circumstances. Fortunately, a seasoned truck collision lawyer could review the facts of the case and give their advice on whether settling or not the right move.

How a Truck Crash Attorney Could Help

There are several factors that an attorney will go over with an injured individual when calculating a McKinney truck accident settlement. The attorney has a fiduciary duty to the victim to recommend settlements that are in the individual’s best interest, and that entails knowing the claimant’s situation. For those reasons, it is imperative that the experienced lawyer and the claimant work through the injured person’s needs and the potentials of the recovery before recommending to settle or not.

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Reviews

The McCraw Law Group
4.8
Based on 84 reviews
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Mary Thompson
Mary Thompson
20:51 25 Feb 20
From the very first meeting with the McCraw Law Group we were treated with respect and care. They were so helpful is... trying to speed things up. We all know that when you have a lawsuit against some one there will be problems. This group of lawyers were very attentive and knew how to get what we needed. I will call them again if anything comes up that I need a lawyer.read more
Michael Taylor
Michael Taylor
19:46 12 Feb 20
McCraw Law Group is an exceptional firm and I could not ask for more than what I received with their services. All of... their staff, from the clerks to the attorneys, were extremely helpful and caring and constantly asked me if I needed anything or if I had any questions or concerns. If you need to have someone on your side and trust them to have your best interests in mind, I would place that trust in The McCraw Law Group.Would I recommend them to my friends and family? I would without a doubt.Would I like to have them on the other side of a courtroom and going against them? Absolutely Not.To the staff that handled my case, I greatly appreciate all of your work and the result speaks for itself. Thank you!read more
Justin Hansen
Justin Hansen
12:29 07 Feb 20
The staff at the McCraw law group are second to none. They are intelligent and hard working people that will do their... best to make sure you are set to recover physically, emotionally, and financially from any injury. Thank you so much!!read more
Zane Allen
Zane Allen
04:39 18 Dec 19
I was in an accident in March and had injuries resulting from the crash. Obviously my first call was to a doctor to get... checked out but was told I was going to need physical therapy. My second call was to the McCraw Law Group. They took care of all of the grunt work so that all I had to focus on was getting better. They were very communicative about the process, and better yet, they were incredibly responsive to any emails, calls, and questions. I was very appreciative and thankful for all of their hard work. They are a great group of people to work with when you’re needing the help.read more
Elisa Dean
Elisa Dean
15:38 16 Dec 19
I recommend The Mccraw Law Group to anyone who is hurt in an accident.My experience has been wonderful. They do the... best they can to get the most from the insurance company. My communications have been with Vanessa, Suzanne and Jason.Jason is very special to me. He understood my needs and was very caring and the sweetest attorney I have ever met. He was honest and did everything he could to bring my case to a conclusion.Vanessa and Suzanne are very sweet and are there to help every step of the way.read more
Fernando Salas
Fernando Salas
19:07 10 Dec 19
First time needing a lawyer. Everything went extremely smooth and quick. Mr. McCraw went to my house after my car wreck... and I knew at that point that I was in good hands. Everyone who works there are so nice and will answer any questions or concerns you have. Thank you guys for all of your help.read more
Adelyn Braswell
Adelyn Braswell
17:02 10 Dec 19
When me and my family recently got hit by a drunk driver. They helped us with everything we needed. We had so many... questions and didn’t hesitate to answer. It was our first time with any lawyer so they made everything so easy for us, and got it all done so quick. They did everything in their power to get us all the money we deserved. They were all so friendly and I would recommend them to anyone.read more
Courtney Brooks
Courtney Brooks
16:12 12 Sep 19
I had a wonderful experience from beginning to end with the McCraw Law Group. My case was accepted and I was kept up to... date on how it was proceeding, and when it came to a settlement, we got more than expected. Everyone was very kind, the court proceedings went smoothly and I was extremely satisfied. I will definitely use them again if anything else arises.read more
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