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How much is a commercial vehicle accident settlement?

| Jan 16, 2019 | Truck/Commercial Vehicle Accidents |

It would be difficult to determine exactly how much you might receive in the form of a truck accident settlement in California. You could find figures, but average settlement numbers are often useless at best and misleading at worst. The fact is that your settlement would probably depend almost entirely on several variables, such as the details of your case and your side’s negotiating capabilities.

It is probably more important to understand the general advantages and disadvantages of pursuing or accepting a settlement. These more dependable metrics may be more useful in helping you make your decision on how to proceed with any commercial vehicle dispute you may have.

The chief advantage of an alternate resolution would simply be that you could avoid trial. Trials are often expensive to both sides. Furthermore, you would probably wait longer to receive any funds. Settlements are advantageous in that you could potentially reach an agreement relatively quickly with the other parties in your accident.

As explained on FindLaw, the main drawback of accepting a settlement is that the responsible party in your accident may escape some measure of public censure. For most people, it is enough to receive funds that secure a standard of living and help with recovery. However, if you felt it was important to have an open trial, settlement may not be ideal.

You would also likely have to sign an agreement that released the other party from future liability. This point, in particular, is why you would want to make sure that your settlement covered your present and future needs. These personal monetary requirements are likely to be completely unrelated to any local, state or national average settlement amount you might read about. This is not intended as legal advice. Please think of it as background information only.