What is full tort insurance and why would you need it?
Limited tort is Pennsylvania's version of the "verbal threshold". The Pennsylvania Motor Vehicle Financial Responsibility Act requires insurance companies to give the insured the option of selecting "Limited Tort" or "Full Tort," with the full tort option being only slightly more expensive than the limited tort option. If you select limited tort, you will not be able to sue for pain and suffering unless you sustain a serious or permanent injury, which has been defined by the Pennsylvania Courts as a "serious impairment of a bodily function." Although limited tort is touted by auto-insurance companies as a way for an insured to reduce auto-insurance premiums, the limited tort option severely reduces the insured's ability to receive compensation for injury while only marginally reducing the premium expense.
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if you want coverage on 'that' vehicle yes...rule of thumb i always use is can i replace this car without much trouble should it total? 2500.00 car yes, i could, 10k car, no i… couldn't.......and i weigh the cost of the premium for the collision and comp coverage on that vehicle...do coll and comp cost me 500 a year? well, in less than four years (due to depreciation) I've spent again what that 2500 car cost me......see?
Can you sue someone if they totaled your car and have no fault insurance and you don't have full coverage From what I can tell I can only go after a mini torte and that will only give me about 800?
You should go post your question on www.HelpMeSue.com - probably a lawyer will help you answer this or take your case!
In California, anyway, you need full insurance coverage on a car the whole time it is financed. After its paid off, you can drop a bunch of the coverage and just carry liabili…ty.
Most finance companies will make you carry full insurance, at least till it's half way paid off!
If a 18 year old child living with his parents has chosen full tort on his insurance but his parents have limited tort which tort option does he legally have?
I believe he has he has the full tort option as that he is no longer a minor
No. But in most states you are still required to have liability insurance to cover the costs of any damages you may cause to others if you are at fault in an accident.
Yes you do. You need to have Collision and Comp coverage for Gap insurance to appy. Let's say that your vehicle is totalled out in a car accident and your loan is for $15000. …Now lets say the insurance company offers you $10000. You would still owe the bank $5000 for your car so in this case, the Gap insurance will cover the other $5000 and pay off the loan in full once you submit all the paperwork they need to process the claim.
The idea behind tort reform is that there are too many lawsuits going through the court system at any one time that seem to have little legitimacy. It is also thought that the… payouts for certain lawsuits is too high. A number of types of tort reform were recently passed including amendments that requiring the loser of a case to pay for the winner's legal fees, keeping supposedly frivolous suits out of court, and putting limits on certain types of compensation.
You don't, if you are an expert in every available company in your area, you know which companies will underwrite what, you know their rates, you know their claims process, an…d you would rather deal with their customer service department yourself than speak with a local agent. The only difference between having an agent and not having an agent is you have an additional service representative that deals with you outside the insurance company that can help with issues, and they work for you without an additional fee. They do not work "for free", because a commission is paid to them by the insurance company, and that cost is built into the rate that you are charged for the insurance (the premium that you pay is a function of the "rate"). Insurance companies for health or life insurance are selling their products through agents at the exact same rates they offer directly, you will not save any money by going directly to the carrier, but you'll lose extra support and advice you could have obtained from an agent. Furthermore, by having a relationship with an independent agent, rather than dealing directly with an insurer that may be a "direct writer", you will have the opportunity for a licensed and regulated person to learn your circumstances, make insurance recommendations, and because he/she is regulated by the insurance regulatory authority of your State, you have the potential of regulatory recourse of the agent commits an offense that is contrary to the State's insurance law governing his/her behavior, or the fiduciary relationship with you. Also keep in mind that there is a difference between truly independent agents (often called "brokers") and a captive agent who only writes for one or a couple of companies. The former will generally have a wider variety of companies and products from which to choose and to meet your financial needs.
Insurance agents are your contact point with the insurance company. Any questions or requests about your insurance coverage are directed to the agent. The agent is there to he…lp you determine your needs and make sure that they are met.
People who need full coverage car insurance include those who use their cars often. So, that includes people who go to work early, and often, people who attend university and …use their car as a form of transit or even if you need to go to a friends house every week.
Because things will never go perfectly or always according to plan you should definitely have travel insurance.Here's why:Your flight has been canceled.2. Your bags are lost a…nd your medication is in it. You need to have an emergency prescription filled.3. Your passport and wallet are stolen, and you need emergency cash and a replacement passport.4. You're involved in an accident and adequate medical treatment is not available. You need medical evacuation.5. You need to cancel your trip due to illness.And those are just a few reasons.
In Society for the Prevention of Cruelty to Animals (SPCA)
If you have a pet, you should have pet insurance. It is helpful in taking care of your pets and they would get the care they need. To get aspca insurance would be ideal for th…e coverage and the care of your pet.
"Business insurance, like any other type of insurance, serves as a contingency for any unforeseeable event. It protects intellectual properties and assets as well as worker's …compensation. It also deters against liability, any ensuing casualties, and business interruption."
Public liability insurance is important to businesses as it covers the business if a customer or any member of the public suffers a loss or injury as a result of the business'… activity. This type of insurance covers compensation claims as well as legal expenses.
One may need Saab insurance to insure the potential of damage to their car. Car insurance is available through many companies include GEICO and State Farm.
In Cars & Vehicles
You need car insurance to protect yourself in the case of an accident. Insurance will pay for the medical bills related to your recovery and will also protect you from being s…ued if you are at fault for the accident.