Author Topic: PA (or similar state) Auto: Full Tort vs Limited Tort?  (Read 2905 times)

Swat

  • Newbie
  • *
  • Posts: 5
    • View Profile
PA (or similar state) Auto: Full Tort vs Limited Tort?
« on: March 25, 2018, 08:07:00 AM »
I am in the process of moving to Pennsylvania and will need to switch auto carriers. One of the unique things I found out about Pennsylvania is they have an option of "Full tort" vs "Limited tort". I'm not sure if other states have something similar but I was wondering what brighter minds than I think about it and if it's worth it. I haven't put in the exact differences for a quote yet, but I believe you can save ~15% by choosing the "limited tort" option rather than the "full tort." A few references for those who are unfamiliar: 

https://www.wikiwand.com/en/Full_tort_and_limited_tort_automobile_insurance
https://www.edgarsnyder.com/car-accident/auto-insurance/insurance-tips/limited-tort-vs-full-tort.html
https://www.hg.org/article.asp?id=26718

From my reading it seems like the "limited" option puts restrictions on how much you can be awarded with in regards to "pain and suffering." It seems a little vague so I wanted to see if anyone else from this forum has any thoughts/experiences. I certainly subscribe to the "insure what you need and self-insure the rest" philosophy, but since I don't fully understand this option, I would like to know what the best option is going forward. Thank you.