The amount of insurance than an 18 wheeler carries is between $5,000,000 and as much as $1,000,000.00 in insurance depending on what they carry and transport.
Trucks and other commercial vehicles which carry non bulk and non hazardous materials must carry at least $5,000,000.00 in insurance at a minimum and Trucks and commercial vehicles that carry and transport bulk hazardous materials must carry at least $1,000,000.00 in insurance.
It is worth suing for an 18 wheeler accident if the 18 wheeler was at fault for the 18 wheeler accident.
It's also worth suing for an 18 wheeler accident if you suffered severe injuries, internal bleeding, disabilities, brain damage, lost a leg, brain damage, etc and even death.
You should hire a lawyer after an 18 wheeler accident if the 18 wheeler that hit you was at fault in the 18 wheeler accident.
If you were at fault for the accident then you should not hire a lawyer as it would be very unlikely that you would win a lawsuit against the 18 wheeler accident.
However if the truck driver was at fault or the 18 wheeler accident was a result of a malfunction on the 18 wheeler then you should hire an 18 wheeler accident lawyer and sue the trucking company.
The 18 wheeler trucks carry very high insurance and the payouts for an 18 wheeler accident can be huge.
There are many factors involved in a truck accident case. Even when damages are high, insurance companies are not quick to pay victims for their losses.
Some reasons it's worth it to hire a lawyer after an 18 wheeler accident include.
Trucking Regulations Are Complicated. Since truck drivers are working as employees on the clock, they must maintain certain standards when driving.
Several Parties May Be at Fault.
Damages Are Often a Lot More Serious in Truck Accidents.
Trucking Insurance is Different.
In general, an 18-wheeler accident settlement is much larger than almost any other incident.
Truck accident settlements may reach tens of thousands to hundreds of thousands of dollars.
Overall, many of these settlements are upwards of $10,000.00
While the $150 million is reported as the largest settlement in an 18-wheeler case in U.S. history, trucking companies are wary of taking cases to a jury.
In November of 2021, a jury awarded an East Texas family $730 million in a wrongful death lawsuit in Titus County, including $250 million in punitive damages.