Ohio personal injury laws, statistics and legal funding.
Ohio is located in the midwest and is a manufacturing leader, ranking #3 as a manufacturing employment provider in the United States. It is known for its manufacturing jobs in Cleveland, Cincinnati, Akron, Dayton, Strongsville, and Mansfield. Ohio is also known for its worldwide tourism and for being a red state in recent U.S. elections.
If you live in Ohio, you may know landmarks such as Baum-Taft House, Beginning Point of the U.S. Public Land, the Cleveland Museum of Art, Cedar Point, Serpent Mound Historic Site, as previous U.S. Presidents have lived in Ohio, the Mother of Presidents.
Despite the success in agriculture and the gorgeous landmarks and tourism that Ohio brings, many personal injury victims still struggle financially every day in the Buckeye State. When you live unemployed while injured or dealing with wrongful imprisonment, even a small expense such as buying groceries can set you back and put you under high stress with risks of becoming hungry and homeless. Unfortunately, this is the case currently for many plaintiffs in Ohio.
If approximately 14% of Ohio residents live in poverty and 13% live not knowing if they’ll eat the next day, imagine the financial crisis of plaintiffs involved in personal injuries? Yearly over 110,000 people get injured in the state, leaving thousands without work. To give you a rough number, these are the stats:
- Around 18% percent of those injured people have back injuries.
- More or less, 19% percent of those injuries were caused by slips and falls.
- 12% involve a motor vehicle accident.
- Yearly, there are about 67,000 car accidents in Ohio.
- Roughly 12 people get injured every day.
- Drivers under the influence of alcohol cause drivers 4% of all motor vehicle-related accidents.
- Drunk drivers make up for 10% of all deaths.
- Surprisingly, 45% of car accidents happen during the day.
The statute of limitations in the state of Ohio varies depending on the type of case you have. Ultimately, the statute of limitation is a time limit for filing a lawsuit.
This means that if you do not file your case that time frame, you may not be eligible to recover compensation for your damages.
- Bodily: 2 yrs. §2305.11(a); 2305.10; 2305.111
- Libel/Slander: 1 yr. §2305.11(a)
- Personal property: 2 yrs. §2305.10
- Fraud: 4 yrs. §2305.09(c)
According to the Ohio government Department of Insurance, the state works with Comparative Negligence:
” You can recover your damages, minus the percent caused by your own negligence if it’s judged to be 50 percent or less. If you’re more than 50 percent negligent, you may not recover any losses from the other driver. Going back to the example of your being only 20 percent negligent, you would recover 80 percent of your damage under comparative negligence. The other driver would receive no compensation because that person’s negligence exceeded 50 percent. “
The minimum auto insurance policy coverage limits in Ohio are:
- $25,000 for the injury or death of one person in an accident of your fault.
- $50,000 for all injuries or deaths resulting from an accident of your fault,
- $25,000 for any property damage from an accident of your fault.
For victims involved in financial setbacks as a result of their lawsuits, legal funding may be a great option for solving some financial issues. Lawsuit funding is a popular choice for victims who need to borrow cash from their pending settlements to cover major financial needs.
If you’re a resident of Ohio, you have been injured in a “no-fault” accident, do not have any prior liens or funding, and you’re considering taking out a cash advance, you may be automatically pre-approved for legal funding in Ohio. By taking out a settlement loan you will get back on your feet giving time to your lawyer to keep fighting for you. Legal funding can help you improve your financial situation with ease today.
Baker Street Funding provides funding in every location in Ohio. These are some of the most famous cities we provide funding:
- Medina County
- Summer County
- Montgomery County
- Cuyahoga County
- Lake County
- Hamilton County
- Ashtabula County
- Lorain County
- Geauga County
- Portage County
- Summit County
- Medina County