How Long Does a Truck Accident Settlement Take in Detroit, MI? 2024

Being in a truck accident can be a terrifying ordeal that can be difficult to move past, if you are able to at all. The sheer power and size of a commercial truck give it the ability to destroy everything in its path if the driver loses control of it. If you survive the accident, you may want to pursue legal action against the negligent party that caused the accident. You may ask yourself, “How long does a truck accident settlement take in Detroit, MI?” It depends on multiple factors.

What Affects the Duration of Truck Accident Settlements in Detroit, MI?

The length of time your truck accident settlement will take in Detroit can vary greatly. Every truck accident case is going to be different. Each case has its own set of details and circumstances that make it unique. The case will take as long as it needs to take to fully finalize, and even then, you might not get the settlement you expected. Just because a case similar to yours resulted in a favorable settlement, it doesn’t mean that yours will.

It is important to remember that the statute of limitations for a personal injury case, including a truck accident case, is three years in the state. That gives you three years to establish your case, develop a claim, gather the evidence you will need, speak with a truck accident lawyer, and file a claim for compensatory damages. If you cannot file your claim before three years have passed, there is a good chance you’ll never file at all.

If you fail to file your claim before the three-year window closes, there is a decent chance that your case will be dismissed entirely, and your only opportunity to file for compensatory damages will have passed you by completely. Building a solid personal injury case takes a great deal of time, so it is wise to start building your case as soon as you possibly can. If you are worried you don’t have enough evidence, take your case to a lawyer and let them decide.

Factors That Will Influence Your Settlement

In The majority of truck accidents are settled within a matter of months, while others may take over a year to finalize. Honestly, there is no way to tell how long yours will take, but the more complications a case has, the longer it can take to fully deal with them. Here are some factors that will likely influence how long your case might take to settle:

• Additional legal action. Depending on the details of the case, there is a possibility that additional charges could be filed that would slow down the progression of your case. For instance, if the truck driver attempted to flee the scene or failed to report the accident, they could be looking at legal action for that.
• Medical treatment. Before settling your case, it is important that you do what you can to reach maximum medical improvement in order to get the full value of your case. Essentially, that means you should heal as well as you can before taking on the stress of the case. Taking on the case after you have healed gives everyone a clearer picture of what your limitations and ongoing healing journey might look like.
• Negotiations. The negotiation process can take a great deal of time if both parties are unwilling to compromise. The truck driver’s insurance carrier may be trying to guilt or intimidate you into dropping your case. They may demand more time to consider all the facts before reaching a settlement number you know you won’t accept.

FAQs

How Much Are Most Truck Accident Settlements?

There is no telling how much your truck accident settlement will be in Detroit, MI. Ultimately, it depends on a host of important factors that need to be considered, such as your lawyer’s negotiation skills, the amount of evidence you have that proves negligence, and the severity of your injuries, among other factors. Every case is different, so the factors in every case will be different, too.

How Long Does an Insurance Company Have to Settle a Claim in Michigan?

Depending on the specifics of the case, insurance companies generally have 90 days to settle a claim once it has been filed. They will have 30 days to acknowledge the claim and send the policyholder the proper paperwork. Then, they have 60 days to make a decision about the claim and submit payment. The more complex a case is, the longer it can take to settle it.

How Long Do Most Truck Accident Settlements Take?

The amount of time it will take a truck accident case to settle will depend entirely on the details of the case and the tenacity of your lawyer. The majority of truck accident settlements are finalized within months, while others can take well over a year to figure out. It depends on how aggressive the insurance company is, how skilled in negotiation your lawyer is, and how severe your injuries are.

How Can I Get More Money from a Truck Accident Case?

If you want to do whatever you can to maximize your potential settlement amount, the smartest thing you can do is hire a tenacious truck accident lawyer for your case. A good lawyer can come up with a plan to make sure you get as much as you deserve in the settlement. Remember that you never have to accept a settlement amount you feel is insulting or underwhelming.

Reach Out to a Truck Accident Lawyer Today

It can be a really painful experience being in a truck accident. You may feel confused, isolated, overwhelmed, and scared. Pursuing legal action against the negligent party is a big step, and you should consult with a truck accident lawyer who can help you. The settlement process may take time, but it could be worth it in the end.

The legal team at Wigod & Falzon can help you build up your case, gather the evidence you need, and make sure you aren’t taken advantage of by insurance companies. Contact us to schedule a consultation today.