How is the monetary value of a trucking accident case determined?
According to statistics compiled by the FMCSA, the average cost of a large truck accident involving a fatality is $3.6 million per crash. However, many factors are used to determine the valuation of a truck accident settlement claim. Some of the key contributors include the duration and nature of medical treatment, loss of wages, and the length of time an injured party continues to experience pain and suffering from an accident. Differences in the ways state trucking laws apply can also have a bearing on settlement valuation.
