In no-fault auto insurance, a monetary threshold based on a person's degree of injury (as measured...
tort threshold
In auto no-fault insurance, tort threshold measures of the minimum injury severity that, once reached, allows the insured to sue for noneconomic damages.
Additional Information
The two types of tort thresholds are verbal (expressed in definitions of the seriousness of the injury) and monetary (expressed as dollars of medical costs incurred). Contrast with monetary threshold and verbal threshold.
Synonyms
verbal threshold
Related Terms
The verbal threshold is a threshold based on a person's degree of injury that must be exceeded...
