Every truck accident case has a unique monetary value, making determining the average truck accident settlement in Colorado problematic. However, when a Colorado truck accident lawyer manages your case, they will go above and beyond to help you obtain maximum financial recovery.
If you or a loved one sustained injuries in a truck accident, you could be entitled to recover various damages from multiple at-fault parties. But you do not have to handle all the moving parts of your case or negotiate with the insurance company alone. In addition, most law firms will offer a free review of your case.
For a free legal consultation, call 303-777-1000
Tell us about your case
Financial Components of a Colorado Truck Accident Settlement
A collision with a large truck can leave you with injuries that require costly and extensive recovery and prevent you from working for several months. However, the crash could also result in minor injuries with little financial effect. This divergence in outcomes makes determining an average settlement figure nearly impossible.
No matter the severity of your injuries, your legal team will document your economic damages—the losses that have (or could) come directly out of your pocket, such as medical and car repair bills. They will also prove the value of your noneconomic damages that account for your emotional trauma.
Once you sign a settlement agreement, it is binding, meaning you cannot request additional compensation later. That makes accurately assessing your damages essential because a miscalculation can leave you with a smaller settlement than you deserve.
You Can Recover Your Medical Expenses and Additional Economic Damages
Medical care after a truck accident often starts at the accident scene and could include hospital stays, rehabilitation, therapy, medication, and assistive medical devices.
Additional economic damages include your current and future income loss, such as full- and part-time wages, and losing the ability to work in the future. If your wages include hard-to-prove income, like freelance and gig economy work, your lawyer can help you document them.
Finally, you can also recover damages for the costs of repairing your car and for its diminished value once it’s repaired. If the adjuster declares your vehicle a total loss, your insurer will compensate you for its pre-accident replacement value.
Pain and Suffering and Additional Forms of Noneconomic Damages
The damages you recover for pain and suffering compensate you for the discomfort and inconvenience of your injuries and the rigors of your recovery. Additional noneconomic forms of compensation for Colorado truck accident victims include:
- Temporary or permanent disability
- Injuries that cause lasting disfigurement
- Mental and emotional distress
- Loss of enjoyment of life
Though these are intangible damages, your attorney has several ways of putting a monetary value on them. So, while you focus on recovering, your legal team will focus on building the best possible evidence file.
Wrongful Death Compensation When a Truck Accident Leads to a Fatality
Families who lost a loved one in a truck accident can recover the costs of their funeral and burial from the at-fault party. Additional wrongful death compensation can include:
- Loss of your loved one’s financial support
- Loss of domestic contributions to your family
- Loss of consortium and companionship
Your lawyer will assess your family’s financial recovery and clarify who can file a wrongful death action and receive compensation.
Legal Components of Obtaining a Colorado Truck Accident Settlement
The majority of truck accident lawsuits settle before going to trial through a complex process that usually involves:
- Notifying both insurance companies
- Consulting a truck accident attorney
- Filing an insurance claim and lawsuit
- Assessing your recoverable damages
- Building a strong evidence file
- Giving testimony at deposition sessions
- Negotiating an acceptable settlement
The negotiation process can be more complicated than you think. However, a lawyer can guide you through multiple rounds of negotiations and outline the pros and cons of each offer you receive. The final decision is yours, but their guidance can lead you to a well-informed decision.
File Your Lawsuit on Time Even While Negotiating Your Settlement
You generally have three years to file a personal injury lawsuit, according to CO. Rev. Stat. § 13-80-101. If the filing deadline expires, you could inadvertently lose your right to file your case, leaving you with no legal recourse that compels the negligent party to compensate you.
The same consequences apply to filing a wrongful death lawsuit in Colorado. In general, CO. Rev. Stat. Ann. § 13-80-102 gives you two years to file. A truck accident lawyer can clarify the statute of limitations and any circumstances of your crash that might affect it.
Identify the Negligence or Recklessness That Caused Your Truck Accident
Before you can pursue any compensation for a truck accident, you must prove another person or entity’s negligence caused it. One of the complicated parts of a truck accident case is how many potentially liable parties might be involved.
- Truck driver
- Trucking company
- Truck repair shop
- Cargo loader
- Truck manufacturer
- Parts manufacturer
You must prove the elements of negligence—duty of care, breach of duty, causation, and damages. Your lawyer will identify and pursue all at-fault parties for fair compensation.
Build a Comprehensive Case File That Can Lead to a Settlement
Documents and physical evidence tell the story of your truck accident and prove the negligence that lets you seek damages. Thus, your lawyer will build a compelling case file that includes:
- Medical records
- Medical bills
- Income statements
- Truck accident report
- Accident reconstruction
- Photos and videos
- Witness statements
- First responder reports
- Truck maintenance records
- Driver logbooks
A thorough evidence file can help steer your case toward a settlement and help you avoid a potentially lengthy and frustrating trial.
Contact Our Truck Accident Team for a Free Consultation
If you or someone you love sustained severe injuries in a collision with a semi-truck, our truck accident lawyer can help you secure financial compensation. We will describe all the factors contributing to the average truck accident settlement in Colorado and fight hard to obtain the best possible compensation for you.
Explore your financial recovery options by contacting our Matlin Injury Law consultation team today.
Call or text 303-777-1000 or complete a Free Case Evaluation form
Tell us about your case 
