Car accidents can be traumatic and life-altering events for those involved. In addition to the physical and emotional toll, there are also medical bills, lost wages and vehicle repairs to handle.
When someone is injured in a car accident in Ohio, they may be entitled to compensation for their damages. But how is the value of car accident settlements determined in Ohio? Let’s take a closer look.
The first step in determining the value of a car accident settlement in Ohio is to establish who was at fault for the accident. Ohio is a comparative negligence state, which means that a person’s compensation will be reduced by the percentage of fault in the accident. For example, if a person is found to be 20% responsible for the accident, their compensation will be reduced by 20%. (It’s also important to note that if you are 51% or more responsible for the wreck, you cannot collect anything.)
Determine economic damages
Once fault is established, it is necessary to calculate the economic damages. Economic damages are the financial losses incurred due to the accident, such as medical expenses, lost wages, and property damage. These damages are usually calculated by adding up all the bills and receipts related to the accident.
Determine non-economic damages
Non-economic damages are also considered when determining the value of a car accident settlement in Ohio. These damages are less tangible than economic damages and include pain and suffering, emotional distress and loss of enjoyment of life. These damages are often more difficult to calculate but can make up a significant portion of the settlement.
Determine what other factors may need to be considered
In addition to economic and non-economic damages, other factors can affect the value of a car accident settlement in Ohio. These include the injuries’ severity, the recovery period’s length, and whether the injured party was partially or totally disabled due to the accident.
Various factors determine the value of a car accident settlement in Ohio. If you have been injured in a car accident in Ohio, it is important to seek the guidance of an experienced personal injury attorney at Phillips & Mille Co., L.P.A., who can help you navigate the legal process and ensure you receive the compensation you deserve.