Plenty of people think that a no fault insurance policy will pay for all of their injury damages, no matter who was at fault for their auto accident. But unfortunately, it isn't really true. A no fault insurance policy is only to pay for your injuries up to your policy limit. Because of this you may be required to pay for the remaining cost through your own pocket. Considering the expensive cost of medical procedures, this may be a very expensive problem for most of us.
Fortunately, every no fault state allows the vehicle driver to be paid back for their injuries by starting an auto insurance claim.
At the same time, before beginning your insurance claim, you will have to first meet your state's requirements.
Requirements to Begin With Car insurance Claims in No-Fault States
Almost every no fault state has slightly different requirements to start an auto accident injury claim. Some states will have a "cash threshold". Which indicates that for you to open a claim, the fee for taking care of your injuries have to go over a specific cash amount.
Other no fault states have an "injury threshold". This means that you could start a personal injury claim given that your injuries are "serious". Each individual no fault state has a slightly different specification of what it considers a "truly serious" injury.
Several states have both an injury and cash threshold. Which means that if you cross one threshold, either the cash or injury, you could start your injury claim.
Example
Massachusetts is a no fault state that has both a cash and injury threshold. The cash threshold for Massachusetts is $500. Which means that in order for you to file an insurance claim, your finished medical bills must be above $500. Or else you will have to pay for the costs out of your own pocket.
To see if you have reached your state's cash threshold, you'll want to calculate all your medical fees after the vehicle accident. This includes:
*Ambulance Charges *Hospital Costs *Clinic Bill *Doctor's Visit Lab and Testing costs *Physical therapy
Since Massachusetts also has an injury threshold, it's best to learn what the state considers a "severe injury". Most no fault state's look at the following injuries as being "serious":
*Injuries which can be long-lasting or result in serious disfigurement *Fractured bones *Injuries that cause considerable loss of hearing or eye sight
If your injuries fall in your state's "severe" category, you'll be able to start your auto insurance claim to receive your personal injury settlements.
Fortunately, every no fault state allows the vehicle driver to be paid back for their injuries by starting an auto insurance claim.
At the same time, before beginning your insurance claim, you will have to first meet your state's requirements.
Requirements to Begin With Car insurance Claims in No-Fault States
Almost every no fault state has slightly different requirements to start an auto accident injury claim. Some states will have a "cash threshold". Which indicates that for you to open a claim, the fee for taking care of your injuries have to go over a specific cash amount.
Other no fault states have an "injury threshold". This means that you could start a personal injury claim given that your injuries are "serious". Each individual no fault state has a slightly different specification of what it considers a "truly serious" injury.
Several states have both an injury and cash threshold. Which means that if you cross one threshold, either the cash or injury, you could start your injury claim.
Example
Massachusetts is a no fault state that has both a cash and injury threshold. The cash threshold for Massachusetts is $500. Which means that in order for you to file an insurance claim, your finished medical bills must be above $500. Or else you will have to pay for the costs out of your own pocket.
To see if you have reached your state's cash threshold, you'll want to calculate all your medical fees after the vehicle accident. This includes:
*Ambulance Charges *Hospital Costs *Clinic Bill *Doctor's Visit Lab and Testing costs *Physical therapy
Since Massachusetts also has an injury threshold, it's best to learn what the state considers a "severe injury". Most no fault state's look at the following injuries as being "serious":
*Injuries which can be long-lasting or result in serious disfigurement *Fractured bones *Injuries that cause considerable loss of hearing or eye sight
If your injuries fall in your state's "severe" category, you'll be able to start your auto insurance claim to receive your personal injury settlements.
|
0 nhận xét: