Full v. Limited Tort: Protect Your Future Pain and Suffering Claim
Everyone is interested in saving money on auto insurance. Insurance is a considerable monthly expense for many, particularly in the Philadelphia metro area where rates can be significantly higher than many other parts of the country.
One very enticing option available to lower your rate is to settle for limited tort rather than full tort coverage. In fact, limited tort is typically the default coverage offered during the quoting process and many agents will be happy to show you the lower rate in hopes of getting you to switch plans, retain your business, etc.
Limited tort is a type of coverage that allows you to pursue a claim against the at-fault party for losses such as out of pocket costs, lost wages and unpaid medical bills. Limited tort comes at a lower premium and can look very attractive on paper. Yet, the amount you can ultimately receive is capped to a specific sum. In order to collect damages for pain and suffering when you select limited tort coverage, you will need to prove you suffered a very serious injury. Of course, the insurance company rarely agrees that you have sustained a serious injury. If you’ve been inflicted with considerable pain and suffering that prevents you from being able to work or live a full life, limited tort can be catastrophic to your physical, financial and emotional well being.
Full tort comes with a slightly higher premium but allows you to pursue a claim for the full amount required to make you whole by the at fault party. This can include out of pocket costs, medical bills, lost wages and pain and suffering.
Knowing the difference between these two types of coverage is incredibly important and can mean the difference between fully recovering from the negligence of others or being stuck with the consequences, regardless of the nature and extent of your injuries.
Murray L. Greenfield & Associates highly encourages everyone to look at their auto policies and speak with their insurance agents to ensure that they have full tort coverage. If you have limited tort coverage, we encourage you to consider switching your coverage to full tort immediately.
If you’ve been injured in an auto accident and would like to review your options, give the law office of Murray L. Greenfield & Associates a call. Our firm works on a contingency fee basis, which means we do not get paid unless we successfully make a recovery in your case.
Give our office a call at 215-677-5300 and we will direct you to one of our experienced attorneys right away.