The Financial Consequences of Truck Accidents for Victims

the financial toll of a truck accident can be extreme

Commercial truck accidents do not only cause severe injuries for everyone involved but will also lead to severe financial losses. These financial losses may include medical expenses, loss of income or property damage. This blog post will take a look at the financial consequences of truck accidents for victims, explaining how a truck crash lawyer in Atlanta, Georgia can help you recover damages.

The Financial Consequences of Truck Accidents

Truck accidents can impose substantial financial burdens on those involved. The financial impact of these accidents can be categorized into several areas:

Medical Expenses

Medical expenses are the most significant financial burden that truck accident victims may face. If victims do not have medical insurance, or if a medical claim is unsuccessful, the victim will be required to pay for medical treatment. This will include hospital visits, transportation to medical facilities, rehabilitation and physical therapy.

According to the FMCA (Federal Motor Carrier Safety Administration) the average cost of a truck accident in which a person was injured amounted to $279,702.96, taking inflation into account.

Loss of Income

Victims may also face loss of income due to temporary or permanent disability. This loss can be particularly devastating for victims who were the primary earners for their families.

Loss of income or loss of earning capacity is recoverable. If you have suffered a loss as a result of a truck accident, it will be in your best interest to contact an attorney who will be able to assist in obtaining evidence such as payslips and medical records, substantiating your claim.

Vehicle Damage and Loss

Trucks, due to their size and weight, can cause major damage to smaller vehicles involved in the collision. Auto repair bills after accidents are estimated to be thousands of dollars from regular auto accidents, and these bills can be much higher if your vehicle is crushed in a crash with a truck.

In most cases the size and weight of the truck will damage a vehicle to such an extent that the vehicle will not be able to be repaired leading to a write off and total loss for the owner.

truck crashes result in expensive damages

Loss of Use Costs

If your vehicle is inoperable after an accident, you’ll have more difficulty getting around, getting to work, and so on. This inconvenience, known as loss of use, can lead to additional costs such as rental car fees. Even going a single day or just a few hours without the use of your own personal vehicle can be a big problem for many people, leading to lost salary and other issues.

Responsibilities of Trucking Companies

Trucking companies have a responsibility to ensure that their vehicles are properly maintained, that their drivers are properly trained, and that they adhere to all safety regulations. If a trucking company fails in any of these areas, it can be held liable for any accidents that occur as a result.

Role of Truck Drivers

Truck drivers also play a crucial role in accident liability. Georgia Statute § 51-1-36 places a duty of care on drivers, this care extends to truck drivers as well. If a driver is found to be negligent or engaging in reckless behavior, they can be held responsible for any accidents they cause.

Maintenance and Liability

Maintenance is another important aspect of truck accident liability. Federal Motor Carrier Safety Regulations  mandate that commercial trucks be inspected and properly maintained to prevent any mechanical failures that could lead to accidents.

Trucking companies often neglect maintenance to pressure on delivery time. Those responsible for the maintenance of trucks can be held liable if their negligence contributes to an accident.

An Atlanta Truck Accident Lawyer Will Fight for Your Rights

The financial consequences of truck accidents for victims can be severe. However, with the right legal guidance of an Atlanta truck accident lawyer and understanding of the laws, victims can navigate these challenges and seek the compensation they deserve. Contact the Weinstein Law Firm at 770-HELP-NOW for a free case review.

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