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Truck Accident Settlements in Florida

Your Guide To Understanding Truck Accident Settlements in Florida

Truck accident settlement payouts in FL

We aim to provide you with all the information you need about truck accident settlements in the state of Florida including average truck settlements, understanding that there is no minimum settlement amount for truck accidents in Florida, and likewise, there is no maximum on damages payouts for injury settlements in Florida either.

Since 2009, our team of experienced truck accident lawyers at Cloud Law Firm has helped accident victims recover millions of dollars in compensation. Truck accident settlements in the state of Florida can vary widely, from a few thousand dollars to over several million dollars – and more.

Following a traffic accident with a semi-truck, dealing with the insurance claim process can often become a complex & aggravating endeavor. While securing a favorable truck accident settlement is the goal, Florida’s insurance laws can be confusing, especially when your life is turned upside down.

In order to achieve the winning truck accident payout you deserve, you need to help of an experienced attorney with a proven track record of winning these types of accident cases.

If you live in Pinellas, Hillsborough, or Highlands counties, and need an experienced truck accident lawyer, contact us today online or call 855-408-5100 to schedule your 100% no-obligation free consultation.

We will fight for you.

Now let’s review everything you need to know about commercial truck accident settlements in the state of Florida.

What’s Different About Truck Accident Settlements?

If you or someone you love has been involved in an accident with an 18-wheeler, box truck, or any other commercial vehicle, you’re probably wondering what a settlement would look like. Large commercial trucks, such as 18-wheelers, are involved in accidents more than you may figure. Any accident with a semi-truck is going to be serious, just given the size, weight & speed of the vehicles involved. Victims often face serious injuries and commonly don’t know where to turn for help with medical bills, lost wages, and other potential losses.

What might also be of surprise to you is that truck accident settlements often occur before going to a court trial. A fair settlement is often the fastest way to get the compensation you need after your accident.

Call us today at (855) 408-5100, our team is here to help truck accident victims throughout Florida – contact any of our offices in Largo, Tampa, or Sebring today.

What’s the Average Truck Accident Settlement in Florida?

You might be wondering what the average truck accident settlement is in Florida. Truth be told, there isn’t one, because of all the different particulars relative to each case. There is no maximum settlement amount and there is no minimum settlement amount for truck accidents in Florida. The facts of the case and the specific circumstances surrounding every truck accident are different, this makes it impossible to identify an average settlement amount for truck accidents in Florida or any other state.

Settlement amounts can be super low or exceedingly high in a semi-truck accident case, and are dependent on numerous factors we’ll touch on more later – like liability, negligence, and other individuals or third parties involved. Any truck accident payout you receive will be dependent on numerous factors and specific details relative to your particular case.

The important thing is to hire an experienced attorney near you who understands the landscape and has a proven track record of delivering the maximum truck accident settlement amounts for their clients.

Call Cloud Law Firm at 855-408-5100, we have that record.

What Factors Determine the Amount of a Truck Accident Settlement?

Settlements in a truck accident case can occur at any time between the time of the accident and a trial verdict. There are several factors that determine settlement payouts in truck accident cases, including but not limited to:

  • Severity of injury
  • Present & future medical expenses
  • Loss of wages & future earning capacity
  • Circumstances of the accident
  • The insurance companies – yours & theirs
  • Pain & suffering
  • Whether the victim has a spouse, children, or other family members
  • The actions of the truck driver involved
  • The nature of the materials and/or freight being transported

Because each truck accident is different, only a skilled truck accident lawyer will discuss with you how these factors, among others, increase the value of your claim.

Are Trucking Companies Required to Carry Insurance for Personal Injury Cases?

Yes, federal regulations require trucking companies to carry liability insurance.

This insurance protects the company that owns the 18-wheeler, semi-truck, box truck, flatbed or commercial vehicle from financial ruin by covering the costs of a personal injury case related to an accident with one of their vehicles.

However, the minimum liability coverage for trucking companies is only $750,000.

The Motor Carrier Act of 1980 made this a requirement, but it hasn’t increased since then. And due to inflation, this minimum amount is only a fraction of its original value. $750,000 is certainly a significant sum in everyday life, but in the context of a truck accident settlement, it no longer is sufficient to cover many of the accidents involving trucks in the state of Florida.

How Quick Can You Get a Truck Accident Settlement?

It’s important to remember that a settlement can occur anytime between the accident itself and when a jury hands down a verdict. But that doesn’t mean an early settlement offer is best. By accepting an early settlement offer, you as a victim waive your future rights to bring a lawsuit against the trucking company in question.

This in effect ends your case before it’s even begun.

The last possible moment when a settlement can be agreed upon is right before the jury returns with a verdict. This effectively means that your case probably made it through multiple offers to settle out-of-court, and instead it’s now in the hands of the jury.

Whether settlement in your truck accident case is speedy or slow is secondary to scope when talking about fair & equitable truck accident settlements in the state of Florida.

When accident victims enlist the help of an experienced truck accident lawyer, the insurance companies see this as a sign that the victim knows their rights and is willing to invoke them. In other words, they are willing to fight the insurance company for what they believe is right.

Recent Truck Accident Settlements & Awards in Florida

$435,000 Truck Accident Settlement

Our client was stopped at a red light when she was rear-ended by a commercial vehicle. The client initially hired a big-name law firm, but that firm failed to obtain any results during the year following the accident. Once we were retained, we immediately filed a lawsuit. Within six months, we negotiated a $435,000 settlement, which our client accepted.

 

And also see our car accident settlement page and motorcycle accident settlement page for more information.

Call Our Florida Truck Accident Lawyers for a No-Obligation Consultation

The insurance companies have a team of experienced attorneys fighting on their behalf, you should too.
Call us today for a 100% no-obligation consultation and let us go to work for you.

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See What Our Clients Say About The Cloud Law Firm


Rating: 5/5 

“Mia Cloud and her assistants were always there for any questions I had. They were professional, kind and attentive. I would recommend Mia to anyone who has gone through a car accident and needed help. They were thorough from day one. Any time I had questions Mia would actually call me personally to answer them. I appreciate everything they did for me. Would highly recommend!”

Amanda
Largo, FL


Rating: 5/5 

“I was referred to the Cloud Law Firm by my physician, whom worked them before. Mia and Chris Cloud were great to work with. They were understanding of my needs and provided me with all of my options. They had a vast knowledge of the law and navigating the procedures that needed to be taken. My case was resolved to my satisfaction and I highly recommend them. Their staff was always polite and courteous. If you call them or email, you WILL get a call back.”

Carolyn
Largo, FL


Rating: 5/5 

“Mia helped me settle my car accident that happened last year. In one year she was able to settle my case and help me take care of my medical bills while also allowing me to keep some money in my pocket. She did a great job and in a timely manner. I would highly recommend Cloud Law Firm to anyone in need of help.”

Vasillaq P.
Largo, FL
January 26, 2020

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