Limited versus Unlimited Right to Sue Car Insurance Policies
When choosing what kind of car insurance policy you will have, one of the most important decisions you will have to make is between a “limited right to sue” policy and an “unlimited right to sue” policy.
And while insurance companies may present the limited right to sue option as a way to save money, they may not actually explain what it means, and how having a limited right to sue policy may affect your ability to recover compensation if you are injured in a car accident.
When it comes to choosing a limited right to sue or an unlimited right to sue, here is what you need to know.
Car Accidents and Injury Compensation, Clifton Car Accident Lawyers
When a person is injured in any kind of car accident, regardless of fault, it is their own insurance policy which is responsible for covering their damages such as medical expenses and lost income.
However, many drivers choose the cheapest policy in an effort to save money, and in New Jersey the minimum coverage available is $15,000. While that may sound like a lot of money, when it comes to the serious injuries that car accidents can often result in, and the expense of treating those injuries, $15,000 often falls extremely short.
This is where the unlimited versus limited right to sue choice comes into play, as any damages above and beyond what your own policy covers will need to be recovered from the other driver’s insurance policy.
Limited Right to Sue Versus Unlimited Right to Sue, Wayne Auto Accident Injury Lawyers
So while your own policy may fall short of covering the damages you have suffered as a result of your car accident, if you have chosen a limited right to sue policy, you can only seek compensation from the other driver’s insurance in the case of:
- Dismemberment, disfigurement, or serious scarring
- Displaced fractures
- Permanent injury
- Loss of a fetus
- Death
While this may seem fairly comprehensive, consider the case of spinal cord injuries. Car accidents can easily cause damage to the spine, but if those injuries are not permanent, a limited right to sue policy means you most likely will not be able to recover compensation for such an injury. And while a spinal cord injury may not be permanent, it can cause serious complications in regards to your ability to work, as well as require extensive treatment and rehabilitation.
On the other hand, an unlimited right to sue policy means that you can seek compensation for your car accident injuries above and beyond what your own policy covers in the event of any kind of injury, as long as you and your Wayne car accident injury lawyer can prove that the other driver was responsible for the accident, or at least more than 50% responsible.
Contact Our Passaic County Car Accident Injury Attorneys Today
At The Law Office of Fredson & Statmore, our attorneys have extensive experience helping clients injured in car accidents, truck accidents, motorcycle accidents, bus and train accidents, and accidents with rideshare drivers to recover full and fair compensation in towns across New Jersey and Passaic County, including Clifton, Wayne, Paterson, Little Falls, West Milford, and Woodland Park.
Whether you have been involved in an accident with an uninsured/underinsured driver, have a limited right to sue policy, or an unlimited right to sue policy, our firm is prepared to provide you with the knowledgeable, effective, and attentive legal counsel that you need and deserve in matters so critical to you and your family’s financial future.
To speak with our attorney team today in a free and confidential consultation regarding your car accident injuries, your options for recovering compensation, and how exactly we can help you to do so, please contact us online.