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The time limit could also vary depending on the type of damage involved. For example, the statute of limitations for filing a bodily injury claim may be shorter than it is for filing comprehensive ...
If a driver is guilty of causing an auto accident in a no-fault state, their liability coverage would pay for the other driver’s damages. You may want to reference this list to see if you live ...
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 ...
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.
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]
These limits are the maximum the insurance provider will pay in a covered accident. If your costs exceed the limits, you may need to pay out of pocket for additional expenses.
These damages are sometimes termed "pain, suffering and loss of amenity". Examples of this include physical or emotional pain and suffering, loss of companionship, loss of consortium , disfigurement, loss of reputation, impairment of mental or physical capacity, hedonic damages or loss of enjoyment of life, etc. [ 26 ] This is not easily ...
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