What Is Verbal Threshold?
When you signed up for auto insurance, you were probably presented with a variety of coverage options. Perhaps you opted for a “zero threshold” option that allows you to sue for damages without any kind of cap or limitation. Or perhaps you chose the “verbal threshold” option that limits you to suing for economic damages – generally meaning hospital bills and vehicle damage – while preventing you from suing for things like pain and suffering in most cases. Although verbal threshold coverage is less costly, it also could leave you unable to get the compensation you need, want, and deserve in the event of a serious auto accident because it places a limitation on your ability to file a personal injury lawsuit.
Before signing up for auto insurance, or before renewing your current auto insurance coverage, you should speak with a qualified car accident lawyer who can help you understand the consequences of each type of insurance plan.
Keep in mind that even if you went with the verbal threshold option, an experienced personal injury attorney may still be able to help you seek maximum compensation in your auto accident case. That’s because there are a few exceptions to the verbal threshold in New Jersey. If any of the following occurred as a result of your car accident, you can seek compensation for both economic and non-economic damages:
- Significant Disfigurement or Significant Scarring
- Displaced Fractures
- Loss of a Fetus
- Permanent Injury
Proving that one of the exceptions applies in your car accident case is not always easy, especially if the insurance company contests your claim. For instance, you will need a doctor to stipulate that you meet at least one of the criteria and that you sustained the injury due to the car accident. An experienced attorney who knows how to negotiate with insurance companies in these types of cases could greatly improve your likelihood of success.
If you were injured in an auto accident, or if you just have questions about your auto insurance coverage, do not hesitate to talk to a qualified personal injury and car accident lawyer. Richard Stoloff is an experienced personal injury attorney who can assist you. Contact Mr. Stoloff now to schedule a free initial consultation.
The articles on this blog are for informative purposes only and are no substitute for legal advice or an attorney/client relationship. If you are seeking legal advice, please contact our law firm directly.