Is there a maximum amount recoverable, under the “No Fault” system and what is meant by the phrase, Basic Economic Loss?
-back to top Yes, the aggregate benefits to which each injured party is entitled, under the Law, totals $50,000. These benefits generally fall into one of three categories, namely: 1) medical expenses resulting from the accident; 2) lost earnings, or wages, totaling up to $2,000 per month and 3) out of pocket expenses, such as transportation costs, housekeeping, etc.
Related Questions
- Whats the maximum bytes/second throughput of an instance? Can scaling be used to get more bytes/second through the system?
- Is there a maximum amount recoverable, under the "No Fault" system and what is meant by the phrase, Basic Economic Loss?
- Why do some people believe that a mixed economic system solves basic economic problems?
