Your Simple Guide to Full-Tort vs Limited-Tort Insurance
You’ve been driving for years. You know the basics of car insurance.
But what you don’t know is that there are two types of car insurance that you need to be aware of: full-tort and limited-tort. But what does each mean? And more importantly, which one should you choose? This simple guide will break down the difference between full-tort and limited-tort insurance so that you can make an informed decision about which one is right for you.
What is Tort Insurance?
Before we can dive into the difference between full-tort and limited-tort insurance, we need to first understand what “tort” insurance is. Tort insurance is simply a type of insurance that covers damages caused by another party. So, if you get into a car accident and it was the other driver’s fault, tort insurance would cover your damages.
What is Full-Tort Insurance?
Full-tort insurance gives drivers the most protection in the event of an accident. It allows policyholders to sue the other driver for all damages, no matter how minor, if they are involved in an accident. This includes things like medical bills, lost wages, and pain and suffering. With this type of insurance, you have the right to go to court and receive compensation for your injuries, regardless of who is at fault for the accident.
The downside of full-tort insurance is that it is typically more expensive than limited-tort insurance. This is because insurers believe that drivers with full-tort insurance are more likely to file a lawsuit after an accident than those with limited-tort insurance.
What is Limited-Tort Insurance?
Limited-tort insurance places some limits on the types of damages that drivers can sue for after an accident. Typically, policyholders who choose this type of insurance can only sue for economic damages, such as medical bills and lost wages. They cannot sue for non-economic damages, such as pain and suffering, unless their injuries meet a certain threshold (e.g., they are permanently disabled).
The upside of limited-tort insurance is that it is typically less expensive than full-tort insurance because insurers believe that drivers with this type of insurance are less likely to file a lawsuit after an accident, among other reasons. The downside is that drivers with limited-tort insurance have less legal recourse if they are involved in an accident that wasn’t their fault.
What Does Scanlon Law Group Recommend?
Scanlon Law Group always recommends to select full-tort insurance. Even though this may cost more each month, it gives you more options when you are involved in an accident.
Making the choice between full-tort and limited-tort car insurance can be a difficult decision. Ultimately, the decision comes down to a balance of cost and coverage. Drivers who want the most protection possible (even if it comes at a higher price) should opt for full-tort insurance. Drivers who are looking to save money on their premiums, but are willing to sacrifice some coverage, should opt for limited-tort insurance. By considering your state laws, budget, and risk tolerance – you can make an informed decision about which is right for you.
Contact Scanlon Law Group Today
We believe everyone should have trusted legal advice when choosing whether to go with full-tort or limited-tort insurance. Scanlon Law Group has years of experience helping individuals choose what is in their best interest. Call us at 412-533-3330 or visit our Free Consultation page to schedule your first appointment with us today!
