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There are many factors that must be considered when calculating Norwalk truck accident settlements. Some of the things that must be considered are the wages from work the injured victim lost, how their injuries impact their career, medical expenses, and the pain and suffering they have suffered due to the wreck. For help recovering and calculating a truck accident settlement, reach out to an accomplished lawyer today.

How is the Settlement Value Calculated?

Settlement value is calculated by taking the economic damages related to the accident, as well as the non-economic damages. Economic damages are easy to calculate. Those are the damages associated with medical bills, future medical expenses, lost wages, and future lost wages. The next step is to calculate the economic damages of the accident. Unlike economic damages, non-economic damages can be challenging to calculate. Fortunately, a seasoned lawyer will be able to use their experience from years of handling these cases to value an injured victim’s non-economic damages. Non-economic damages include pain and suffering, emotional anguish, and loss of enjoyment of activities.

Modified Comparative Negligence Can Impact Settlement Amount

The negligence on the part of the injured person can reduce the value of the settlement amount. It starts off at 100%, and if the plaintiff themselves were in any way negligent, the settlement amount can be reduced proportionally by the percentage that they were negligent. Connecticut is a modified comparative negligence state. This means that an injured victim can recover damages as long as they are not 51 percent or more responsible for the accident. If they are determined to be more than 51 percent negligent, they will be barred from recovering compensation.

Attorneys Could Help Determine the Value of a Settlement

Norwalk truck accident attorneys could help determine the value of a settlement by pushing the insurance company to compensate the victim of a truck accident in a fair manner. What does fair mean? Fair means as much as a plaintiff can possibly get for the damages that they suffered as a result of a truck accident that they did not ask for or cause. A lawyer knowledgeable about calculating Norwalk truck accident settlements could help an injured victim recover the damages that they deserve.

What to be Aware of When Settling a Claim

People should understand that once they sign the paperwork to settle their claim, they can never come back and seek more compensation. It seems like common sense, but often, the finality of the settlement is not always apparent. Also, people should know that PIP coverage can offset some of the medical bills directly caused by a truck wreck.

Call a Lawyer About Calculating Norwalk Truck Accident Settlements

Truck accident attorneys could help by pushing the insurance companies to pay the settlement as fast as possible. Insurance companies are always fast to settle and oftentimes slow to pay. A well-versed legal professional is experienced with calculating Norwalk truck accident settlements and could help you get the compensation you need. If you were injured in a truck collision, call today and set up a consultation.