Vehicle Insurance Monetary Threshold
Posted on Tuesday, Sep. 27th 2022 6:58 AM by Carol in Vehicle Insurance No Comments »
Online Vehicle Insurance – What is a Monetary Threshold?
In some “no-fault” states, a dollar amount for medical and rehab expenses that must be reached in order to file a lawsuit for damages for non-economic damages (i.e. pain and suffering) against the driver who caused the accident. For example, under Colorado’s old no-fault law, you could sue for pain and suffering if you racked up a threshold of $2,500 in medical expenses (nullifying the no-fault law). See verbal threshold.
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Posted on Tuesday, Sep. 27th 2022 6:58 AM | by Carol | in Vehicle Insurance | No Comments »