What to Expect During a Florida Truck Accident Settlement Negotiation

Being involved in a truck accident can be a life-changing experience, leaving victims with not only physical injuries but also emotional distress and financial hardship. If you’ve been in a truck accident in Florida, navigating the legal aftermath can feel overwhelming. Settlement negotiations can be a lengthy and complex process, often involving insurance companies, trucking companies, and legal teams. This guide will help you understand what to expect during a Florida truck accident settlement negotiation, offering insights into how the process typically unfolds and how to prepare for the challenges that may arise. Serrano Law provides dedicated legal representation to ensure your rights are protected and you receive fair compensation after a truck accident.

The Importance of Settlement Negotiations

After a truck accident, one of the primary concerns for victims is securing financial compensation for medical bills, lost wages, and other damages. In most cases, truck accident claims are resolved through settlement negotiations rather than going to court. Settlements offer a quicker and less adversarial way of resolving disputes compared to lengthy trials. However, this does not mean the process is easy. Both sides – the victim and the insurance or trucking company – will be negotiating to reach an agreement that they consider fair, which can lead to tension and delays.

The goal of any settlement negotiation is to reach a fair agreement without the need for litigation. This process typically begins after the injured party files a claim with the responsible insurance company. At this point, the insurance company will investigate the accident, assess liability, and review the damages. From here, the negotiation process begins, with each side presenting their position and attempting to reach an agreement that compensates the victim fairly.

The Role of Insurance Companies

Insurance companies play a pivotal role in truck accident settlement negotiations. Following a truck accident in Florida, the trucking company’s insurance provider will usually be responsible for compensating the injured party. It’s essential to remember that insurance companies are businesses, and their goal is to minimize the amount they pay out in claims. As a result, the first offer presented by the insurance company is often lower than what the victim deserves.

Michael Serrano

Founding Attorney

Candace “Cea” Hartley

Associate Attorney

The initial offer is typically based on the insurance company’s evaluation of the accident, including factors such as the extent of the victim’s injuries, the cost of medical treatment, lost wages, and other economic damages. However, non-economic damages such as pain and suffering are also a critical part of any settlement. Because insurance companies aim to protect their bottom line, their assessment may not fully account for the victim’s long-term medical needs or emotional distress, which is why negotiations often continue for weeks or even months.

Victims should be prepared for the possibility that the insurance company may try to shift some of the blame for the accident onto them or attempt to downplay the extent of their injuries. This is why having a strong legal advocate on your side is crucial during settlement negotiations. Your attorney will counter the insurance company’s arguments and fight to ensure that you receive a fair and just settlement.

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Mike Serrano’s law office was everything I needed after a very traumatic accident. He was always super up front and honest with me. I never got the feeling he was trying to sell me on something or to do something that I wasn’t comfortable with. He listened to my concerns and when it tough moments came that I needed to stand my ground. He backed me and made me feel 100% secure. He got me exactly what I needed in a settlement and I would never consider using anyone else. His office staff is also phenomenal.”

- Mary

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Mike Serrano was a great attorney for my case!! He was very flexible with phone calls/ Zoom meetings. His staff are always friendly, whether it be on the phone or emails. They keep you updated during your entire case! They don’t leave you silent for months. if you call, they always call back with updates! Highly recommend!"

- Kylie Collier Border

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I’ve never had to deal with a lawyer before but Mike has set the bar HIGH. He was always available to communicate my concerns and explain each step of the way. I know no other lawyer would have been able to achieve the same results because he jumped on an opportunity that was a little out of the ordinary and it paid off. He really fought for my case and over delivered. I really hope I never have another accident but if I do I’m running to Mike for help."

- Sandy Carter

The Role of Your Legal Team

Having experienced legal representation can make all the difference during settlement negotiations. An attorney who is familiar with Florida truck accident laws and the nuances of dealing with insurance companies can advocate on your behalf and protect your rights. Your lawyer will thoroughly investigate the accident, gather evidence, consult with medical professionals to assess your injuries, and calculate the true value of your claim.

One of the key roles your legal team will play during settlement negotiations is to ensure that all of your damages are accounted for. This includes not only your current medical expenses and lost wages but also any future medical needs, ongoing therapy, or rehabilitation costs. In addition, they will ensure that your non-economic damages, such as pain and suffering, emotional distress, and loss of enjoyment of life, are factored into the settlement amount.

Your attorney will communicate directly with the insurance company, presenting a demand letter that outlines the compensation you are seeking. This letter will detail the extent of your injuries, the financial impact of the accident, and any long-term consequences you are likely to face. From there, the negotiation process begins, with offers and counteroffers exchanged until both sides can agree on a settlement amount.

Factors That Affect Settlement Negotiations

Several factors can influence the outcome of settlement negotiations in a Florida truck accident case. One of the most significant factors is liability. If the trucking company or its driver is clearly at fault for the accident, this will strengthen your position during negotiations. However, if there is any question of shared responsibility – meaning that the victim may be partially to blame – this could reduce the amount of compensation awarded. Florida follows a comparative negligence rule, which means that your settlement may be reduced if you are found partially at fault for the accident.

The severity of your injuries is another critical factor that will impact settlement negotiations. More severe injuries generally result in higher settlements because the medical costs, rehabilitation needs, and long-term effects on your quality of life are greater. It’s important to have thorough documentation of your injuries, including medical records, doctors’ statements, and any opinions that can support your claim.

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In addition, the availability of evidence can affect the negotiation process. Strong evidence, such as eyewitness statements, accident reports, and any available video footage, can help prove liability and the extent of your injuries. Trucking companies are required to maintain records such as driver logs and maintenance reports, which can be crucial in determining the cause of the accident. Your attorney will work to obtain these records as part of the investigation process.

Finally, the willingness of both sides to negotiate in good faith will also play a role in the outcome. In some cases, the insurance company may drag out the process in the hopes that the victim will accept a lower settlement. However, with the right legal team advocating for you, you can ensure that your case is handled professionally and that you are not pressured into accepting an unfair offer.

What Happens If Settlement Negotiations Fail?

While the majority of truck accident claims in Florida are resolved through settlement negotiations, there are times when negotiations break down. If the insurance company refuses to offer a fair settlement or if both sides cannot agree on liability, the case may proceed to litigation. This means that your case will go to court, where a judge or jury will decide the outcome.

Litigation can be a lengthy process, but it may be necessary if the insurance company is not negotiating in good faith or if they are offering an unreasonably low settlement. Your attorney will prepare your case for trial, presenting evidence and arguments to prove that you are entitled to full and fair compensation for your injuries.

While the prospect of going to court may seem daunting, the possibility of litigation often motivates insurance companies to settle. Knowing that they could face a much larger judgment in court, insurance providers may be more willing to offer a reasonable settlement to avoid the uncertainty of a trial.

Case Results

Car Accident

This client was injured in an auto accident with a driver who improperly merged into her lane. Her vehicle was totaled. She sustained an aggravation of her pre-existing disc herniations in her neck and new disc herniations in her lower back. We obtained the full limits of both the at-fault driver’s bodily injury coverage and our client’s underinsured motorist coverage, which were significant. The settlement was achieved without a law suit and within four months after the client finished treating.

Rear End Collision

This particular client was injured in an accident in late 2015 when she was rear-ended. She sustained an aggravation of pre-existing disc herniations in her neck and a new disc herniation which ultimately required a surgical fusion. By the time of trial, her medical bills exceeded $180,000.00. The Defendants’ offer pre-suit was $20,000.00. We were able to obtain a jury verdict of $441,000.00, plus attorneys’ fees.

Car Accident

A client was injured in a rear-end collision where he sustained an aggravation of a pre-existing disc bulge that developed into a herniation in his lower back. We obtained a jury verdict which was over 6 times what had been offered prior to trial.

Car Accident

In this case, our client injured her shoulder after being struck by a vehicle while she was performing volunteer services. The driver was traveling at such a high rate of speed entering a parking lot that he clipped another vehicle, hit a parking barrier and was launched into a tree. After the client attempted to negotiate with the insurance company prior to hiring us, we were able to obtain an amount that was over double the prior offer.

Intentional Torts

Our client was injured from an assault by a patron of a party while working security. His shoulder required multiple surgeries. He hired our office to pursue a claim to recoup his medical bills, which exceeded $130,000.00. After his assailant offered him $10,000.00 to resolve his case, we took the case to a jury to decide. The jury awarded our client all of his medical bills and tripled his award for pain and suffering.

Car Accident

This client came to us about a car wreck that occurred in 2014 where she sustained injuries. She approached our firm just one week before the statute of limitations was set to expire after being turned away by several other law firms. We filed a lawsuit and were able to obtain the limits of the at-fault driver’s bodily injury coverage and an additional settlement from the client’s insurance carrier.

Truck Crash

This couple was injured in an automobile accident after they were rear-ended in a seven-car pileup caused by a semi-trailer. Of the 15 people who made claims on the same insurance policy, our clients each received the second and third highest offers, which covered all of their past and future medical bills and their attorney’s fees.

Truck Crash

In this case, our client was injured from a rear-end collision with an eighteen-wheeler. Her original lawyer procured a settlement offer of $7,000.00 to settle her case. Because the offer did not approach the amount of bills she incurred from accident related treatment, she came to our firm for a consultation. She decided to hire us. We promptly filed suit and obtained a settlement for her.

The Final Steps of Settlement

If both parties reach a settlement agreement during negotiations, the final steps involve signing a settlement agreement. This is a legally binding document that outlines the terms of the settlement, including the amount to be paid and any conditions attached to the agreement. Once the document is signed, the insurance company will issue payment to the victim, and the case will be considered resolved.

It’s important to review the settlement agreement carefully before signing. Once you agree to the terms, you will likely waive your right to pursue any further legal action related to the accident. This means that even if you discover additional injuries or financial losses after signing, you may not be able to seek further compensation. Your attorney will ensure that the agreement is fair and that all of your damages have been considered before you sign.

Navigating the aftermath of a truck accident in Florida can be overwhelming, especially when it comes to negotiating a fair settlement. Understanding the process and having a strong legal advocate on your side can make all the difference. At Serrano Law, we are committed to helping truck accident victims secure the compensation they deserve. With our experience and dedication, we will stand by your side through every step of the negotiation process, ensuring that your rights are protected and your future is secure.

If you or a loved one has been injured in a truck accident, don’t face the challenges of settlement negotiations alone. Contact Serrano Law today to discuss your case and learn how we can help you achieve the best possible outcome.

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