New Jersey car accident loans

No-Fault Insurance: New Jersey is a no-fault state for auto insurance. This means that after a car accident, each driver’s own insurance typically covers their medical expenses and certain other damages, regardless of who was at fault.

Verbal Threshold Option: New Jersey drivers have the option to choose between the “verbal threshold” (limitation on lawsuit) and “no limitation on lawsuit” options. Under the verbal threshold, you can only pursue a personal injury lawsuit if you meet specific criteria for severe injuries, such as death, dismemberment, significant scarring, loss of a fetus, or permanent injury. If you select the “no limitation on lawsuit” option, you retain the right to sue for any injury resulting from a car accident.

Comparative Negligence: New Jersey follows a modified comparative negligence system. If you are partially at fault for a car accident, your compensation may be reduced proportionately to your percentage of fault. However, you can only recover damages if your fault is determined to be less than 50%. If your fault is equal to or greater than 50%, you may not be eligible to recover any compensation.

Statute of Limitations: In New Jersey, there is a statute of limitations for filing a personal injury lawsuit after a car accident. Generally, you have two years from the date of the accident to initiate a lawsuit seeking damages for injuries or property damage resulting from the collision.

Seat Belt Laws: New Jersey has primary enforcement seat belt laws for drivers and passengers. Law enforcement officers can stop and ticket drivers and passengers solely for not wearing seat belts.

Uninsured/Underinsured Motorist Coverage: New Jersey requires auto insurance companies to offer uninsured and underinsured motorist coverage to policyholders. This coverage can protect you if you are involved in an accident with a driver who does not have insurance or whose insurance coverage is insufficient to fully compensate you for your damages.