Full tort and limited tort are options for automobile insurance coverage, and they refer to the types of legal rights that an individual has in the event of a car accident.
Full tort coverage provides the insured individual with the right to seek financial compensation for all damages resulting from a car accident, regardless of the severity of the injuries or damages incurred. This includes damages such as lost wages, pain and suffering, and emotional distress.
On the other hand, limited tort coverage limits an individual's ability to seek compensation for damages, such as pain and suffering, unless the injuries meet certain criteria such as permanent disfigurement or impairment. Limited tort will allow your insurance carrier to go after the other party for medical expenses and property damage reimbursements through the subrogation process. With limited tort coverage, the insured individual typically receives a lower premium but may face more restrictions when seeking compensation in a car accident.
When choosing between full tort and limited tort coverage, it is important to carefully consider the potential risks and benefits of each option and to consult with the Eric L. Ash Insurance Agency to ensure that you are making an informed decision based on your individual needs and circumstances.
Insurance 101 post compiled by senior insurance advisor, Rebecca Caligiuri.
