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Unlimited Right To Sue — Under the No Limitation on Lawsuit Option, you retain the right to sue the person who caused an auto accident for pain and suffering for any injury.
Limited Right to Sue — By choosing the Limitation on Lawsuit Option, you agree not to sue the person who caused an auto accident for your pain and suffering unless you sustain one of the permanent injuries listed below: (Choosing this option does not affect your ability to sue for economic damages such as medical expenses and lost wages.)
· loss of body part
· significant disfigurement or significant scarring
· a displaced fracture
· loss of a fetus
· permanent injury (Any injury shall be considered permanent when the body part or organ, or both, has not healed to function normally and will not heal to function normally with further medical treatment.)
· death
What is the Assigned Risk Market?
In New Jersey, there are two separate insurance markets — the “regular” or voluntary market, and the “residual” or assigned risk market.
A driver is considered eligible to purchase insurance in the voluntary market if he or she has fewer than seven insurance eligibility points accumulated during the preceding three years. These points are not the same as those on your driving record maintained by the New Jersey Motor Vehicle Commission. Insurers assign insurance eligibility points to drivers for motor vehicle violations, suspensions and at-fault accidents. Insurers also assign every newly licensed driver, regardless of gender or age, three insurance eligibility points for being an inexperienced operator. (See page 21.) These points are merely used as a guide to help the company determine whether you are eligible for auto insurance in the voluntary market.