One of the first things you should know about car crash settlements in Ohio is that average numbers are often not applicable to your specific situation. The cost of your medical bills, lost work and car repairs would probably have the most effect on your particular assignment.
However, there are some general rules about accident settlements in the state that could inform your specific estimate. Here are some of the factors that determine how much you might compensation you might receive as an injured party in a car crash.
One of the first things you would want to consider is the severity of your accident. Property damage to your vehicle and medical bills for injuries often have drastically different costs, depending on the type of incident. If you were reviewing an initial insurance company offer, it could benefit you to remember that certain types of injuries could take some time to manifest their symptoms.
There is another factor in car crash settlements: the statewide cap on noneconomic damages. According to FindLaw, the cap is $250,000 or three times the amount of economic damages. If this cap became an issue in your case, the court would choose the greater of the two numbers.
Non-economic losses would have to result directly from the car crash in question. Ohio state law defines these losses generally as anything intangible:
- Pain and suffering
- Loss of consortium or companionship
Your insurance company would likely take all of these factors into account during the calculation of their initial settlement. However, they may not have all of the information they need to make the correct offer at first. There are multiple ways you might attempt to resolve this disparity and eventually receive the amount you need to continue on with your life. Please do not treat this has legal advice specific to any factual event or circumstance, it is only meant as background information.