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Being aware of the allotted time for claim filing could help you determine if you’ll be able to resolve the claim through insurance or need to pay out-of-pocket for repairs. Learn more: 7 steps ...
As long as you have the required insurance, you can recover medical expenses, lost income and other financial losses up to your no-fault policy limits. But “pain and suffering” and other ...
Report the accident to law enforcement: Most states require you to contact law enforcement in the event of an accident, especially one with injuries. Even if the injuries appear minor, you should ...
In the United States, for federal taxes payable to the IRS, the money awarded in a personal injury settlement as compensation for pain and suffering, medical expenses and property damage is not ordinarily taxable. Exceptions may apply, for example, if a plaintiff took a tax deduction in a prior year for medical expenses that are recovered ...
Michigan normally has a cap of $280,000 for "noneconomic loss," which is defined as "damages or loss due to pain, suffering, inconvenience, physical impairment, or physical disfigurement, loss of society and companionship, whether claimed under section 29222 or otherwise, loss of consortium, or other noneconomic loss. [32]
Both full tort and limited tort coverage only apply in situations where the driver or passengers have been injured in an accident that is not the driver's fault. The victim then has the option of bringing charges against the at-fault driver to sue in court for unpaid medical bills, property damage, loss of income, pain, and suffering.
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