In no-fault auto insurance, a monetary threshold based on a person's degree of injury (as measured...
In auto no-fault insurance, tort threshold measures of the minimum injury severity that, once reached, allows the insured to sue for noneconomic damages.
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.
verbal threshold
In no-fault auto insurance, a monetary threshold based on a person's degree of injury (as measured...
The verbal threshold is a threshold based on a person's degree of injury that must be exceeded...