How Much Compensation Can I Get From My Truck Accident?

There’s no such thing as a minor crash or fender bender when it comes to truck crashes. In most truck crashes, those riding in other vehicles typically suffer catastrophic injuries and significant property damage.

If you or a loved one suffered injuries in a truck crash, you’re probably wondering how much compensation you can receive from a personal injury claim. Every motor vehicle accident claim is different, so the compensation amount for each accident will be different as well.

Broadly speaking, the amount of financial compensation you can recover for your injuries and associated damages will be based on the specific facts of your claim. For instance, an individual who sustains catastrophic injuries in a truck collision that left them incapable of working or carrying out basic living tasks will recover a higher compensation amount than another individual who only suffered minor injuries.

How is Compensation for a Truck Accident Calculated?

Various factors will be used for calculating your compensation for a truck accident claim settlement or damages award. You can generally claim two kinds of damages, including monetary or economic damages and non-economic damages, including pain and suffering. These are all referred to as compensatory damages.

Economic damages normally include the following:

  • Medical bills, including all expenses used for treating your injuries, such as emergency services, ambulance rides, hospitalization, doctor’s bills, surgeries, medications, physical therapy, and rehabilitation, among others.
  • Lost earnings, including sick and vacation leaves, bonuses, or future lost earnings.
  • Property damage, including costs related to repairing or replacing your vehicle and its contents.
  • Other out-of-pocket expenses you incurred due to your injuries, including costs related to household or childcare services, etc.

Non-economic damages typically include the following:

  • Pain and suffering, including mental and physical pain, grief, anxiety, sleep disorders, PTSD, loss of life enjoyment, or other psychological issues due to your injuries and the truck accident.
  • Loss of companionship, like the loss of consortium with a spouse or loss of care for a child

You may likewise be able to receive punitive damages if the truck driver’s actions were especially negligent or reckless. Other factors that might affect the amount of compensation you can recover include:

  • The liable party’s insurance coverage – The Federal Motor Carrier Safety Administration (FMCSA) requires truck owners to carry up to $5,000,000 of insurance coverage. A skilled Sarasota truck accident attorney will uncover and evaluate all insurance policies that you can recover compensation from.

Speak to an Experienced Sarasota Truck Accident Attorney Today

Negligent truck drivers, trucking companies, and other parties that caused or contributed to a truck crash that left you or a loved one severely injured must be held liable for your damages. However, just because they have adequate insurance coverage doesn’t automatically mean that the insurance provider will give you the compensation you are entitled to.

The skilled Sarasota truck accident attorneys of Matthews Injury Law can make sure that you get the financial compensation you deserve. To set up a free case review with our Sarasota truck accident attorney, you can reach us online or call 941-877-5800.

Posted in Law