
How Insurance Handles Truck Crashes
You’ll need a Spring Valley, NV truck accident lawyer if you want to deal with insurance companies after your crash. Fortunately, at CVBN Law, we’ve worked with clients in car and truck accidents alike, and we’ve secured millions of dollars in settlements. We’re ready to use our experience to help you, and it all starts with keeping you informed.
Insurance companies aim to limit payouts, which means accident victims need to be prepared for how these claims are handled. Read on to see how these cases are handled, and contact us today to get started.
Determining Which Policies Apply
Truck accidents often involve several insurance policies. Unlike a regular car accident, the truck driver may have personal coverage, the trucking company likely carries commercial insurance, and sometimes, cargo or leasing companies have separate policies. This means there may be multiple parties involved in determining liability and compensation. The first step after a crash is identifying which insurance providers are responsible for covering the damages.
Investigating The Accident
Insurance companies conduct their own investigations to determine fault. They review police reports, witness statements, and any available video footage. They may also examine the truck’s electronic logging device (ELD) to check speed, hours of service, and other data. If a trucking company’s policy is involved, they will also look at maintenance records and the driver’s history. These investigations are not always in favor of the injured party, so having strong evidence is important.
Evaluating Damages And Medical Costs
Insurance companies assess medical expenses, lost wages, and property damage when determining settlement amounts. They often request medical records to verify injuries and may challenge claims they believe are excessive or unrelated to the accident. Adjusters also look at vehicle repair costs and, in some cases, hire their own experts to estimate damages. The goal for the insurer is to minimize their payout, so they may offer a lower settlement than what is needed to cover all losses.
Negotiating Settlements
Insurance companies rarely offer full compensation upfront. Instead, they may start with a low settlement in hopes the injured party will accept quickly. If the offer does not cover all damages, negotiations are necessary. This process involves presenting evidence of medical costs, lost income, and other financial losses. In some cases, multiple insurance carriers may dispute who is responsible, delaying the process further.
Denials And Delays
It is not uncommon for insurance companies to deny claims or delay processing them. Common reasons for denial include disputes over liability, lack of sufficient medical documentation, or policy exclusions. Delays may happen when multiple policies are involved, as companies may argue over who should pay. These tactics can make it difficult for accident victims to recover the compensation they need, but your personal injury lawyer can help speed things up.
Get In Touch With Us Today To Get Started
Truck accidents often lead to serious injuries and financial hardship. At CVBN Law LLP, we help clients deal with insurance companies and fight for the compensation they deserve. A truck accident lawyer can help protect your rights and guide you through the claims process. If you or a loved one has been involved in a truck crash, contact us today to discuss your case.