The Hanover Insurance Group was founded in 1852 in Manhattan. Throughout the years, Hanover Insurance Group has consistently expanded in both providing a broader variety of insurance services and in increasing its financial stability. By 2009, Hanover was recognized as an insurance company with an excellent financial rating. By 2015, Hanover Insurance Group was recognized as one of the country’s most reliable insurance companies.
The Hanover Insurance Group is well-known for offering a variety of insurance services, one of which includes commercial auto insurance. If you were recently involved in a truck accident, the truck that caused your accident might have been insured by the Hanover Insurance Group. If so, you might have recently learned of your right to file a Hanover Insurance Group truck accident claim. If you are interested in filing a truck accident claim against Hanover to recover a payout for the injuries that you sustained, you might be tempted to begin the process without the expert guidance of an attorney.
Unfortunately, insurance companies are dedicated to paying little to nothing to claimants. Even with the representation of an attorney, insurance companies often fail to make reasonable settlement offers; however, experienced attorneys are prepared to aggressively negotiate with insurance companies until claimants are rightfully compensated. Do not attempt to handle your claim without the representation of an experienced truck accident attorney.
The attorneys at Normandie Law Firm have spent many years dedicated to fighting for the rights of all the parties harmed by truck accidents. It does not matter if you sustained injuries or if a member of your family was killed; our truck accident lawyers are ready to represent you and fight for your right to be compensated. If you would like to speak with our attorneys to begin your legal process against Hanover and learn more about the truck accident settlement amounts for a truck accident claim with Hanover insurance group, you must contact Normandie Law Firm and request to speak with our lawyers.
Why is the Value of Your Claim Important?
The attorneys at Normandie Law Firm are often approached with questions regarding the potential value of a truck accident claim. Some of the most common questions received are listed below:
- What is the average compensation available for recovery after a truck accident?
- How much can you receive from Hanover Insurance Group in case of a truck accident?
- How much is a truck accident case with Hanover Insurance Group worth?
- What is the average settlement of a truck accident claim with Hanover Insurance Group?
- What determines the average settlement amounts for truck accident lawsuits against Hanover Insurance Group?
Many victims of truck accidents face many of the same struggles after a devastating truck accident. Undeniably, truck accidents often result in critical, and even fatal, injuries. Such injuries can result in sudden expenses for which the victim and his or her family are unprepared. The sudden medical expenses and costs of replacing damaged property could quickly lead to debt. If the debt becomes unmanageable, affected parties could be forced to declare bankruptcy, lose their possessions, and even lose their homes. Because the attorneys at Normandie Law Firm understand the seriousness of the financial distress caused by your truck accident, our attorneys will always do everything within their reach to ensure that you receive the compensation necessary to alleviate and overcome the difficulties caused by your accident.
The Factors that Affect Your Claim’s Value
Before discussing the different factors that could affect the value of your truck accident claim against Hanover Insurance Group, you should familiarize yourself with a few past verdicts and settlements that have been achieved for truck accident claims. The average value of a truck accident lawsuit against Hanover is $100,000 or more if you have particularly bad injuries. Your case is worth over $500,000 if your injuries permanently affected your life, and the wrongful death of a loved one may increase the value of your case to more than $1,000,000.
Some examples of past truck accident claim values are listed below:
- $40,000—the victim suffered a concussion, back injuries, neck injuries, and knee injuries as a result of a truck accident.
- $41,900—the victim suffered a lower back injury as a result of a truck accident.
- $430,000—the victim sustained serious wrist and hand injuries as a result of a truck accident.
- $650,000—the victim suffered severe hip injuries as a result of a truck accident.
- $820,000—the victim suffered severe hip and arm injuries as a result of a truck accident.
As you can see, the claim values associated with truck accident claims can vary. However, unlike you might have already assumed, the value of a truck accident claim is not solely established by the specific injuries suffered during the accident. Some of the different factors that must be evaluated to determine the value of your truck accident claim are discussed in the sections below.
Injuries—although the injuries sustained during a truck accident are not the only factor that establishes claim value, injuries are very important to the value of a claim. Every type of injury is associated with a specific value (the value is often the cost of medical care past and projected, for example). For instance, you can receive $25,000 for minor injuries, but you could receive $75,000 for moderate injuries. As the severity of the injuries increases, the associated values also increase. Because of that, mild spinal cord injuries and traumatic brain injuries could be worth anywhere from $85,000 to $250,000. However, spinal cord and brain injuries can be severe and result in permanent damage such as cognitive loss, paralysis, and loss of other abilities. In these cases, these injuries that would normally be worth between $85,000 and $250,000 could be worth millions.
Comparative negligence—another factor that could affect how much the truck accident case with Hanover Insurance Group could be worth is comparative negligence. Comparative negligence is the victim’s negligence resulting in his or her accident and injuries, which is stated as a percentage. For example, if a pedestrian was struck by a truck after the pedestrian failed to look both ways before crossing a street (even if the pedestrian had the right of way and a walk signal), the pedestrian could be found partially negligent. If the victim is found 25% liable for an accident, the victim would not be eligible to be compensated for his or her own negligence. Therefore, the victim could only recover the remaining 75% of the compensation available.
Policy limits—a policy limit is the most important factor in determining the average value of a truck accident case against Hanover Insurance Group. Policy limits are the maximum amount of coverage available through an insurance policy. Therefore, if the truck that caused your accident is covered by a $700,000 insurance policy, that amount would be the policy limit. Because the policy limit establishes the maximum amount a claimant could recover, any claims valued above the policy limit might result in claimants being ineligible to recover any amount over the applicable policy limit.
As you can see, there are many factors that could affect the average settlement value of a Hanover Insurance Group truck accident lawsuit. If you would like to learn more about how the details of your claim can affect the value of settlement or verdict, you must contact our attorneys as soon as possible. Our attorneys will help you gain a better understanding of the potential value of your truck accident claim.
The Compensation Available for Claimants
You might have assumed that your truck accident claim is worth little to nothing, but it could be worth a lot more than what you ever expected. The factors that determine the value of your claim also establish the different categories of compensation that you could recover. In general, claimants harmed in truck accidents could recover compensation from some of the categories listed below:
- Medical costs
- Lost wages
- Pain and suffering
- Property damage
- Loss of consortium
- Funeral costs
- Burial costs
- Punitive damages
Although there are many categories of compensation available for recovery, there is no guarantee that you could be compensated for all of the categories above. Because of that, it is essential that you seek legal assistance immediately. Only an experienced truck accident attorney can evaluate your claim and provide you with all the information that you need to understand the compensation that you could receive. Our attorneys also have a thorough understanding of the importance of recovering compensation for the victims of truck accidents. Because of that, they will not rest until they have helped you recover the maximum amount of compensation available for your claim. Our attorneys are committed to ensuring that all of our clients are rightfully compensated—do not hesitate to contact us.
Normandie Law Firm’s Truck Accident Attorneys
If you have considered the possibility of filing a Hanover Insurance Group truck accident lawsuit, you must contact the experienced truck accident attorneys at Normandie Law Firm immediately. The attorneys at Normandie Law Firm have spent many years fighting for the rights of the parties affected by truck accidents. Our lawyers are ready to handle your claim and help you recover the compensation to which you are entitled. If you are ready to speak with our lawyers, you must contact our law firm to benefit from our free legal services. To remain accessible to all victims of truck accidents, our law firm offers free consultations and free second opinions. During our free consultations and free second opinions, our experienced truck accident lawyers will answer all your questions and address all your concerns regarding your truck accident claim against Hanover Insurance Group. Our truck accident lawyers will ensure that you have all the information that you need to pursue your claim and reach a successful claim outcome. Was your claim negatively affected by the incompetence of another attorney? Our trusted attorneys can help you with your claim no matter if you are starting your legal process or if your claim needs to be redirected—you can trust our attorneys to help you.
The free legal services discussed above are available as part of our firm’s Zero-Fee guarantee, which ensures that our clients never have to worry about paying upfront legal fees. Our law firm is also strictly based on contingency; therefore, our clients will not pay until we win. If you are ready to file your truck accident lawsuit against Hanover insurance, you must contact our law firm as soon as possible.
