Monetary threshold is a term used in states with no-fault auto insurance laws. An injured motorist is not permitted to sue a negligent driver but instead collects from his or her insurer, unless the claim exceeds the dollar threshold amount.
Monetary threshold is a term used in states with no-fault auto insurance laws. An injured motorist is not permitted to sue a negligent driver but instead collects from his or her insurer, unless the claim exceeds the dollar threshold amount.