WHAT DOES IT MEAN TO HAVE A “VERBAL THRESHOLD” ON MY NEW JERSEY AUTOMOBILE INSURANCE POLICY?

The majority of New Jersey automobile policyholders have no idea what is meant by the term “verbal threshold.” In 1988, the New Jersey legislature enacted laws that directly impacted a New Jersey automobile policyholder’s right to sue for non-economic damages for injuries resulting from an auto accident.  The law defines…
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