Cranwell & Moore P.L.C., Attorneys at Law

What should I expect from a truck accident settlement?

Call For a Free Consultation


Phones Answered 24 Hours a Day

A semi-truck accident can dramatically affect a Virginian's life. From significant physical injuries, to lost wages, to expensive car repairs, an injured Virginian may be wondering how to rebuild. Some Virginians may choose to pursue a lawsuit against a negligent truck driver or truck company. Some injured victims may wish to take their case to a trial, while others may determine that a settlement is in their best interests. It can be helpful to understand some of the advantages and disadvantages that exist for truck accident settlements.

A plaintiff who resolves his or her claim through settlement will receive either a lump-sum or a structured settlement. In a structured settlement, a plaintiff will receive regular payments over a set period of time. A lump-sum settlement gives a plaintiff the settlement funds in a single payment.

Parties may reach a settlement through alternative dispute resolution methods such as mediation, negotiation or arbitration. Through alternative dispute resolution methods, parties do not admit to fault, and they present their positions in a confidential setting. They may be able to obtain a resolution more cheaply and more quickly than if they proceed to trial, all the while in a less adversarial setting.

One potential pitfall to resolving a legal claim through settlement is that a plaintiff typically must agree that he or she will not pursue any further legal action related to the truck accident. Additionally, a settlement prevents a plaintiff from publicly holding a truck company liable for its actions. Furthermore, it is possible that a settlement may be less than a court-ordered award.

If you have been injured due to the negligence of a truck driver or truck company, you may wish to pursue a lawsuit. An attorney can discuss with you your legal options, including potential settlement options and the attending pros and cons.

Source: FindLaw, "Trucking Accident Settlements: What to Expect," accessed Feb. 19, 2016

No Comments

Leave a comment
Comment Information

Your Best Interests Are Our Top Priority — Schedule A Free Consultation

Arrange a no-cost, no-obligation consultation with one of our Roanoke personal injury lawyers today.

Schedule A Consultation

Schedule Your Free Consultation

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Visit Our Office / Follow Us

111 Virginia Avenue West
Vinton, VA 24179

Toll Free: 888-635-6304
Phone: 540-904-1621
Fax: 540-344-7073
Vinton Law Office Map

111 Virginia Avenue West