Philadelphia Nesties
MrsBeagle
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Auto Insurance: Full vs. Limited Tort
Which one do you have and why?
The difference would be about $800 per year for us to have full tort vs. limited tort. I'm trying to figure out how much of a difference it is, but everything's confusing.
Help!
Warning
No formatter is installed for the format bbhtml
Re: Auto Insurance: Full vs. Limited Tort
Do you have email? mine is beagle211 at gmail. Please email me, I have questions!
Full tort. Full tort. Full tort.
I'm sure MZ can give you the knowledgeable details of this!
I have never worked in the automotive/insurance industry, but I asked this question to my dad when I got my own car/policy. My father has spent half of his career owning a body shop, and the first half of his career as an automotive insurance adjuster. You want full tort.
By choosing limited tort, you are in essence, reducing your ability to recoup monies in the event of an accident.
Here's a good explanation: http://www.carinsuranceguru.org/guide/what-is-the-difference-between-limited-tort-and-full-tort/
Ditto this. $800 seems insane. I'd shop this around because we did not pay this much of a difference.
My little nuggets
I deal with this all the time in work
Limited tort essentially means you (and any family members in your household) cannot make a recovery for pain and suffering if you are involved in an accident that is not your fault unless you sustained a serious impairment of a bodily function. The definition of that can vary. You could still recoup any out of pocket expenses from the other driver, but that's it.
Full tort is the opposite. If you are in an accident that's not your fault and you sustain an injury, you can make a claim for bodily injuries against the other driver, no matter what the injuries.
Hope this helps!
I should add too that what you are charged also goes by your limits of liability. Full tort at the state minimum of $15,000.00/$30,000.00 will obviously be cheaper than full tort of $100,000.00/$300,000.00. You should have liability limits that can protect any assets you have in the event you cause an accident.
We are insured with GEICO. They are very competitve in PA, along with State Farm. We are full tort, and we also have underinsured/uninsured motorist coverages, which protect you in the event you are involved in an accident with an underinsured or uninsured driver. There are tons of other coverages you can buy, so definetly go over everything with an agent in more detail.
Good luck!
My little nuggets
No limited tort and liability only are two VERY different things. Liability pays for the other persons losses, the tort option specifies how you are covered. It doesn't matter how careful a driver you are, it matters how careful others are. The tort option allows or suppresses your ability to recoup damages from the other person's insurance.
Tort is not associated with how you drive...it is about recouping financial damages from the other driver who hits you.
Liability insurance is a CYA when someone suing you for damages (when you are responsible). Liability is usually added on as umbrella policy for automotive and home policies (i.e., slip and falls, dog bites, falling tree, etc.), but you can buy them alone. When the mister was training as a home inspector, he had his own liability policy in the event he damaged something in a house.
Jonathan Dean 4.5.08
Anna Capri 5.4.11
Thanks everyone for your thoughts!
We're going with full tort
The cost is because we are combining all of our policies (auto and renters) and my parents just gave us a car, so until S sells his truck, we're insuring 3 cars.
The cost of my insurance only went up $200 for the year.
PPs are right on the tort issue, especially the exceptions to limited tort Kel mentioned in her post. In PA, the minimum insurance requirement (think Safe Auto commercials) is $15,000.00 per person/$30,000.00 per accident in liability (you cause an accident), $5,000.00 in medical payments coverage (if you are injured whether or not you are at fault) and I believe $5,000.00 in property damage (damage you cause to another person's vehicle or property). Limited tort would also be a basic minimum option. State minimum coverage does not include coverage on your own vehicle in the event it is damaged or stolen.
We have clients all the time say to us, "I have full coverage" and then we get their policies and they have state minimum limited tort coverage and no coverage on their own vehicle (collision and comprehensive).
Definetly look into getting uninsured/underinsured motorist coverage in the same amounts of your liability coverage (stacked if you have more than one vehicle). Your tort option selection would automatically apply here too. There are way too many people driving around with little or no coverage, so you need to make sure you are protected. You should also make sure you have enough liability coverage to protect your assets.
I am not an agent, but I definetly suggest speaking to someone so they can explain all of your options to you. There are also different medical coverages, wage loss coverages, etc. you can buy.
No it's not, vendor. Considering every single topic you have posted on TN has a link to loansportal.com or onlineinsuranceportal.com, methinks you know exactly what you are talking about.