April 28, 2013
Choosing the Right Car Insurance Policy in New Jersey
No Limitation Lawsuit Threshold vs Limitation Lawsuit Threshold
All New Jersey car insurance policy holders must make a selection on their automobile insurance policies whether or not they want the no limitation threshold ( formerly known as the zero threshold) or the limitation lawsuit threshold ( formerly known as the verbal threshold). It is very important to know what these selections mean for your and your family members(those family members that live in your household such as your children).
The term threshold is used to mean whether or not you must meet a certain type of injury for you and your family members to be able to sue if you or your children who reside in your household are involved in an automobile accident in New Jersey. There are six different types of injuries you must meet if you have a limitation lawsuit threshold which are as follows:
- Significant disfigurement or significant scarring
- Displaced fracture
- Loss of fetus
- A permanent injury within a reasonable degree of medical probability other than scarring or disfigurement
A permanent injury has been defined as one which the body part or organ, or both, has not healed to function normally and will not heal to function normally with further medical treatment. Pursuant to this category a board certified doctor must sign a certification attesting that the patient has met this category providing objective medical documentation. This certification must be filed with the Court within 60 days that the defendants file an answer to your complaint (lawsuit).
If you want to be able to seek compensation without having to prove one of the 6 enumerated types of injuries than we urge you to tell your insurance company and/or agent that you want the no limitation threshold.
If you want to save money on your premium than you should select the limitation lawsuit threshold (verbal threshold) but you are giving up or limiting your rights significantly to seek compensation from the responsible party unless you meet this strict legal standard. If you are considering limiting your rights to sue you should find out more information from your insurance company on the true savings on your car insurance policy. In many cases its only a few hundred dollars. As with all insurance decisions please make sure your aware of the full ramifications of your selections on you and your family.
Often clients that consult with our office are not even aware of their selections and how it impacts their rights even when the other driver was legally responsible for the accident.
New Jersey Personal Injury Lawyer
Our New Jersey personal injury attorney recommend that all New Jersey car insurance policy holders select the no limitation threshold. While it is true your premium will increase it is well worth it if you ever get injured in an accident since you will not have to meet this strict standard.
At the Todd J. Leonard Law Firm our New Jersey car accident lawyer have been protecting the rights of our clients following car accidents for over 25 years. We are very experienced in handling New Jersey auto accidents and our attorney are well versed on the limitation lawsuit threshold standards and what has to be done to meet this stringent legal standard.
Our New Jersey car accident attorneys have been privileged to represent thousands of New Jersey clients and have obtained millions of dollars in compensation. We are committed to providing outstanding personal injury representation and will do our best that you receive the compensation you deserve. We treat our clients like family.
Free Consultations with Offices In Morris County and Essex County New Jersey
We have offices conveniently located in Morristown, New Jersey and Denville, New Jersey. Our experienced New Jersey trial lawyer is ready to answer all of your questions and consultations are always free and confidential. If you have any questions or concerns about a New Jersey personal injury case please call our office today at (973) 920-7900.