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Average Truck Accident Settlement in New York

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Average Truck Accident Settlement in New York

When you are injured in a commercial vehicle crash, it’s important to understand your legal right to recovery and how much you can expect from a truck accident settlement. The answer is not always straightforward. However, understanding what factors influence settlement amounts and the impact of having a trusted legal team can give you the confidence and clarity you need to move forward.

At Greenspan & Greenspan Injury Lawyers, we understand how overwhelming life after a truck accident can feel. Our job is to provide more than legal support. We work to protect your health, your financial future, and your peace of mind.

Contents hide
1 Truck Accidents Can Cause Devastating Losses
2 Understanding the Average Settlement Amount
3 Should You Use a Semi-Truck Accident Settlement Calculator as a Starting Point?
4 What to Expect in a Settlement
5 How a Lawyer Can Maximize Your Truck Accident Payout
6 Why Clients Trust Greenspan & Greenspan Injury Lawyers
7 Let Our Lawyers Fight for the Compensation You Deserve

Truck Accidents Can Cause Devastating Losses

Truck accidents often result in severe injuries, costly medical care, and long-term life disruptions. Victims are left dealing with hospital bills, insurance companies, and the stress of lost income. Under New York law, accident victims may pursue compensation for both economic and noneconomic damages. However, insurance companies will often attempt to reduce or deny legitimate claims. Without legal guidance, you may risk settling for less than you deserve.

Understanding the Average Settlement Amount

No fixed settlement amount applies to cases involving truck accidents. The value of your claim will depend on several key factors, including:

  • Severity of injuries. Serious injuries like brain trauma, spinal damage, or broken bones typically result in higher settlements due to long-term medical needs and life disruption.
  • Medical costs and recovery time. Extensive treatment and prolonged recovery increase the overall value of your claim, especially when future care is needed.
  • Lost income and earning capacity. If your injuries impact your ability to work now or in the future, compensation may include lost wages and reduced earning potential.
  • Pain and suffering. Physical pain, emotional distress, and loss of enjoyment of life are factors, especially for permanent or life-altering injuries.
  • Liability and evidence. Clear proof that the truck driver or company was at fault through crash reports, black box data, or video footage can strengthen your case.
  • Insurance coverage. Commercial trucks often carry high insurance limits, but actual payouts depend on the policy coverage and number of liable parties.

Catastrophic cases, such as those involving permanent disability, spinal injuries, or wrongful death, will have higher settlements because the long-term financial need is greater. At Greenspan & Greenspan Injury Lawyers, we aim for maximum recovery. We will not settle for less than what you are legally and morally entitled to receive.

Should You Use a Semi-Truck Accident Settlement Calculator as a Starting Point?

You can find many semi-truck accident settlement calculators online. While these tools can provide a rough estimate, they cannot account for the unique facts of your case and will usually underestimate the actual value of your claim. A calculator does not consider the long-term impact of your injuries or the full extent of your suffering. That is why speaking with an experienced attorney is essential to understanding the compensation available to you.

What to Expect in a Settlement

Every semi-truck accident settlement is different. In New York, the legal system allows victims to recover for all their damages under the state’s comparative negligence laws, even if they were partially at fault. However, insurance companies often take advantage of those who do not have legal representation by offering fast, lowball settlements or claiming that you were responsible for the accident. Trucking companies usually have in-house legal counsel or attorneys on retainer who will do what it takes to pay you as little as possible.

Our team will review every detail of your accident to carefully calculate your damages and pursue every dollar you are entitled to recover. We collaborate with medical professionals, vocational experts, and accident reconstructionists to build a compelling case for full compensation.

How a Lawyer Can Maximize Your Truck Accident Payout

Many nuances go into truck accident cases that do not exist for standard car accidents. Working with someone who understands trucking law and how to handle these cases is essential. There are many ways an experienced lawyer can increase your truck accident payout, such as:

  • Identifying all liable parties, including the driver, trucking company, manufacturer, and maintenance provider;
  • Uncovering safety violations or logbook falsifications;
  • Working with expert witnesses to prove damages;
  • Calculating future care and lost earning potential; and
  • Negotiating aggressively and preparing for trial if needed

Our attorneys are not only concerned with your financial recovery, but also care about your long-term health and well-being. We help to ensure that any truck accident settlement accounts for your medical treatment, therapy, future care needs, and ongoing support. Whether through negotiation or litigation, we will pursue every avenue to achieve justice for you.

Why Clients Trust Greenspan & Greenspan Injury Lawyers

Commercial truck accidents often involve more complex legal issues than standard car crashes, due to the involvement of multiple liable parties and federal regulations governing the trucking industry. You deserve a legal team that will stand up to powerful trucking companies and insurance adjusters. At Greenspan & Greenspan Injury Lawyers, we do not just file paperwork and hope for the best; we fight for you every step of the way. With over 30 years of personal injury experience, we have secured over $15 million in settlements for New Yorkers, including one truck accident verdict of $1.4 million and another at $900,000, just to name a few. Our attorneys are available 24/7 to support you during this difficult time.

Let Our Lawyers Fight for the Compensation You Deserve

If you or a loved one has suffered an injury in a truck accident in New York, do not leave your future in the hands of an insurance company. Contact Greenspan & Greenspan Injury Lawyers today for a free consultation. With our no recovery, no fee policy, you have nothing to lose and everything to gain. We will walk beside you every step of the way, from claim to recovery. Call us and discover why so many New Yorkers trust us in their time of need.

Mike Greenspan

A dedicated attorney with bar admissions in New York, Florida, and the Supreme Court of the United States, has a deep-rooted commitment to his community. Since 1992, he has been a certified high school track and field official and an Executive Committee member of the Glenn D. Loucks Games. He serves on the Board of Directors of the JCC-Rockland and has devoted over a decade to coaching youth sports in Rockland County. Mike was recognized by the County of Rockland as well as the American Association for Justice for his distinguished service in providing free legal representation through the Trial Lawyers Care program for families of victims of the September 11th attacks. He represents clients across a wide range of legal practice areas.

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