What Is the Average Penske Truck Accident Settlement?

It is important to understand that there is no definitive average settlement for Penske truck accident cases. Every truck accident has its unique factors that influence the final settlement amount, the first being whether or not you pursue an insurance settlement or a lawsuit against Penske Logistics. An experienced Atlanta Penske truck accident lawyer can assess your specific case and provide a realistic estimate of what your claim might be worth.

John Foy & Associates can help you get the most from your Penske truck accident claim. Our Atlanta personal injury firm has won over $1 billion for victims of injury caused by someone else’s negligence. If you or someone you love has been injured in a Penske truck accident, trust us to fight for your rightful settlement and justice of your case.

Penske Trucking Accidents

Penske Logistics is a transportation and shipping service based out of Michigan that was founded in 1969. This LTL or “less than truckload” shipping company has a fleet of roughly 440,000 vehicles and 11,000 professional truck drivers on the roads today. Not only do they provide shipping services directly, but they also do Penske truck leasing, allowing commercial truck drivers to lease their vehicles for other freight and shipping services.

With the amount of Penske trucks on the road, you can imagine that these vehicles are often involved in truck accidents. Factors like long days behind the wheel, improper truck maintenance, and other negligent practices can increase the likelihood of causing an accident where someone gets injured. While commercial trucking companies like Penske take precautions and have policies in place to reduce liability, accidents happen.

The average settlement people receive from personal injury claims involving Penske trucks varies greatly depending on who is paying out, the severity of the injuries involved, and a variety of other factors. Knowing what to do after a truck accident, as well as contacting a lawyer right away to get started on your claim, can help you understand what your possible claim could be. Working with a truck accident lawyer can help provide you with the best chance of receiving the maximum settlement amount possible. 

Compensation You Can Claim

Commercial trucking accidents can cause devastating injuries for those involved. If you are submitting a personal injury claim or filing a lawsuit against Penske and one of their truck drivers after an accident, it is important to know what kind of compensation you may be able to claim. The severity of your injuries, the amount of negligence shown, actual medical bills and lost wages, and any shared amount of fault can all factor into how much your settlement value may be.

When negotiating a settlement after a Penske truck accident, you may be able to claim both economic and non-economic damages. Economic damages encompass all losses that are able to be easily tied to a monetary amount and backed up by bills, receipts, invoices, pay stubs, and other documentation. Non-economic damages are losses that do not have a direct monetary sum associated with them but are significant losses nonetheless, such as pain and suffering.

Some economic damages you may be able to claim include medical expenses, lost wages, future medical treatments and care, car repairs, and other out-of-pocket expenses. Some non-economic damages that could factor into your claim could include chronic pain, post-traumatic stress disorder (PTSD), loss of enjoyment of life, loss of reputation, scarring, and disfigurement. Many insurance companies have a cap on non-economic damages so it is important to speak with a truck accident attorney to determine what your best legal approach may be to receive the settlement you deserve.

Average Penske Truck Accident Settlement

It is very difficult to establish what the average Penske truck accident settlement is due to the broad nature of these types of cases. Depending on whether you are settling with insurance or filing a civil lawsuit, you may be able to receive different types of damages. Penske truck accident cases have settled for thousands and some cases for millions.

While there is no definitive average, these past settlements can give you a good idea of the range of Penske truck accident settlements. Contact an experienced lawyer to assess your specific case and provide a more realistic estimate of what your claim could be worth. The team at John Foy & Associates will help fight for the maximum settlement you deserve and work to restore your financial health while you work to recover your physical health.

When asking what is the average Penske truck accident settlement, it is important to know what parties you can sue in a truck accident case like this. In a commercial trucking accident, more than just the driver can be found liable for your injuries. The trucking company itself, the truck manufacturer, and the cargo loaders are all examples of additional parties that may factor into your Penske truck accident claim.

Why You Need a Truck Accident Lawyer

Fighting for a rightful settlement against a large company like Penske can be difficult. The larger a company, the more resources they have to support their best interests. They are sure to have a large legal team, claim adjusters, and investigators on hand to gather evidence to fight against paying out fair settlements to people injured in accidents involving their employees and vehicles.

Your truck accident lawyer will immediately set to work gathering evidence to establish a strong claim. This will prove vital when negotiating your claim or taking your case in front of a civil court. Some things that could help you prove your case include:

• Accident scene photos
• Traffic camera footage
• Eyewitness testimony 
• Truck maintenance logs
• Driver’s logs
• Black box data
• Police and accident reports
• Medical records showing injuries and amounts

John Foy & Associates Can Help You Receive a Penske Truck Accident Settlement

If you have been injured in a Penske truck accident, consulting with a commercial truck accident lawyer can help you understand what settlement amount you may qualify to receive. Our team will listen to your case, help establish who exactly was liable, negotiate with insurance, and represent you in court should you choose to pursue a civil lawsuit. Contact us today to set up your free case consultation and get started.