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What is the Average Settlement Amount for Ohio Car Accidents?

by onOctober 06, 2020

If you were injured in a car accident caused by someone else’s negligence, you might have a right to pursue a legal claim for your damages. Understandably, you might be wondering how much money you might receive. However, the average settlement in a car accident will vary from case to case. The reason is that no two car accidents are the same. When you retain an Ohio car accident lawyer, we can sit down and explain what your individual case is likely worth.

What Factors Affect a Car Settlement?

Many factors can influence an Ohio car accident settlement. Accidents can happen in a wide variety of ways. The mechanics of the accident can impact how much your case is worth. A passenger vehicle and large truck accident is likely to be worth more than a minor fender bender between two passenger vehicles. You have to prove liability against the at-fault party to collect for your damages.

The severity of your injuries also has a significant impact on how much you will likely receive. Someone who had a mild whiplash injury with only two doctor visits will have a much different case value than someone who rolled in their vehicle, has spinal cord damage, and will require significant therapy and possibly surgery.

When you present a demand to the other driver’s insurance company, they will be scrutinizing what type of treatment you had, how long you sought treatment, and the costs. You also have the right to pursue compensation for vehicle damages, time off work, and more. These are all called economic losses and can be calculated to reach an official total.

Aside from economic damages, you have the right to ask for non-economic damages, too. Non-economic damages can include:

  • Future loss of earnings
  • Physical pain and suffering
  • Future medical expenses and treatment
  • Disfigurement or disability
  • Mental anguish

Ohio does limit the amount of compensation you can receive for pain and suffering. For personal injury matters, there is a cap of $250,000, or three times your economic damages award, which amount is higher. Overall, there is a cap of $350,000 for a single plaintiff or $500,000 for all parties.

How Long do You Have to File a Lawsuit?

Ohio law dictates that you must file a lawsuit within two years of your accident. If you fail to preserve the statute of limitations and file timely, the court will likely bar your claim. That means that even if you were in negotiations with the other party’s insurance, they are not obligated to pay you anything once the deadline passes. It is one reason why retaining an Ohio car accident attorney is so essential. When you have an attorney representing you, we will make sure the statute of limitations is preserved, and there is no risk of the court barring your claim.

Contact an Ohio Car Accident Lawyer Today

If you were injured in an accident caused by someone else’s negligence, let our skilled legal team fight for the compensation you deserve. Contact Lafferty, Gallagher & Scott, LLC today to schedule an initial consultation.

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