Legal Representation from a Cincinnati auto insurance lawyer can secure Fair Settlements in Ohio with Insurance Companies
While most insurance companies claim to come to the aid of victims after a serious auto accident, the real goal of your insurance company is to maximize their profits. They maximize profits by charging high premiums and limiting the benefits they pay victims following auto accidents.
Following the millions of serious car accidents that occur each year in the United States, victims are urged to contact attorneys to recover compensation due for medical expenses incurred, as well as pain and suffering and loss of wages and quality of life. Even if the accident was partially the fault of the victim, they may still have a claim against a negligent party involved.
Following a serious car accident, victims should contact an experienced Cincinnati auto insurance lawyer to investigate.
Joe Lyon is a highly-rated and experienced Cincinnati, Ohio personal injury attorney, well-versed in the science and economic impact such an injury or death has on the victim’s life and family.
Unfair Insurance Company Practice
Insurance companies may employ one or more of the following tactics to limit your benefits:
• Underpaying Claims: offer you a settlement that does not reflect the true extent of your damages
• Pressure you into settling before consulting with an attorney
• Pressure you into signing waivers, statements, or releases which limit your ability to recover future compensation
• Shift fault for the accident to you in order to reduce or deny a claim
Ohio Auto Insurance Laws
If you’re involved in a car crash, the expenses may be too much for many individual motorists to cover. That is exactly why we carry auto insurance. But not all auto insurance is created equal.
All states have some form of financial responsibility law that requires drivers to carry auto liability insurance. The Ohio law prohibits any person from operating or permitting the operation of a motor vehicle in Ohio without proof of financial responsibility throughout the registration period of a vehicle. These matters can be complex, however.
Ohio law only requires insurance coverage in the minimum amount of $25,000 for bodily injury to or death of one individual in any one accident, and $50,000 for injury or death of two or more individuals in an accident.
The type of car insurance coverage is important for a variety of reasons, and will determine whether what property will be covered in the event of an accident, and how much will be paid out of pocket.
In Ohio, even if a motorist is at fault for the accident and they have a good auto insurance policy, the insurance carrier should pay out up to the coverage limits.
Cincinnati Auto Accident Claims
If you are involved in an automobile accident, always ensure you have your insurance card with you. If you give permission for someone else to drive your vehicle, make sure that individual carries their own auto insurance.
After an auto accident, the first priority is safety for everyone involved. Beyond that, prepare for potential claims. Obtain photographs, witness testimony, and get the insurance information of other drivers involved in the accident.
Even if you do not have insurance, you still have basic rights if you are not at fault. Motorists can file a lawsuit against the driver at fault regardless of whether you have insurance.
What is Subrogation?
You may have been told that you need to pay a portion of your settlement award back to your health insurance carrier. This is generally true, and a failure to do so can result in fines, denial of coverage, and a loss of insurance. Therefore, subrogation is an area to take very seriously, or you may find yourself on the wrong end of a lawsuit.
The amount of repayment depends on a number of variables, and should be negotiated carefully to avoid overpaying. Subrogation is a complex, yet important area of law where lawyers can make a big difference in the amount of your personal injury recovery.
Cincinnati Auto Accident Settlements
There are numerous factors that impact the amount of a car accident settlement. Determining factors for a Cincinnati auto insurance lawyer include:
• The extent to which you were at fault—you can be compensated for a car accident even if you were partially at fault, however, assuming partial fault will cause a reduction in compensation.
• Personal Medical Expenses—car accident victims can be compensated for a range of medical expenses, including surgery, ambulance costs, physical therapy, hospitalization, and necessary medical equipment like crutches or wheelchairs.
• Severity and Permanence of an Injury—victims may receive significantly more compensation if you suffered a long-term or permanently disabling injury and are unable to earn income as a result. Settlements factor in not only the costs already incurred, but also future costs and losses.
• Type of Treatment Received—Insurance companies will only reimburse medical expenses deemed reasonable and necessary. It’s a common tactic for insurers to say that specific treatments fall outside of this description.
The Value of an Auto Injury Claim
While insurance companies have created models to justify claim amounts, every case must be considered independently. Bad faith lawsuits are sometimes necessary to recover rightful claims. The true case value really depends on the human loss (i.e., loss of enjoyment of life, past and future pain and suffering, loss of dignity, loss of time etc.).
The basic formula to value a personal injury case is as follows:
Economic Loss (Past Medical Expenses + Future Medical Expenses + Lost Wages + Out of Pocket Expenses + Loss of Services) + Human Damages (loss of enjoyment of life, past pain and suffering, future pain and suffering, permanency of injury) = Settlement Value
While considering these variables, it is critical to work with an experienced personal injury lawyer who can help set the appropriate case value. The Lyon Firm develops cases around the human loss rather than simply adding up the economics.
As discussed, most of the medical expenses recovered will go to the health insurance company. Therefore, the focus is on Human Damages to present the strongest case possible for our clients.
Recent Lyon Firm Auto Accident Cases
Wrongful Death: The Lyon Firm obtained a $1.5 million settlement on behalf of family who suffered the loss of their grandmother when a driver ran a stop sign. Her grandson also suffered severe brain injuries during the collision.
Distracted Driver: The Lyon Firm obtained a $1.5 million settlement for an underinsured motorist claim on behalf of a family who suffered the loss of their father when a motorist crossed a double yellow line while talking on the phone.
Legal Action: Contact a Cincinnati Auto Insurance Lawyer
If you or a loved one suffered an injury due to a car accident, and have questions about the legal remedies available to improve quality of life and medical care in Ohio, contact The Lyon Firm at (800) 513-2403. You will speak directly with Mr. Lyon, a Cincinnati auto insurance lawyer, and he will help you answer these critical questions.