An insurance plan providing that after an automobile accident, each party collects from his or her own insurer, regardless of fault.
A form of insurance by which a person's financial losses resulting from an automobile accident, such as medical and hospital expenses and loss of income, are paid by his/her own insurance company without concern for who was at fault. The right to sue may be restricted in some cases.
A form of coverage whereby an insured's own insurance company provides indemnity for property damage and/or bodily injury regardless of who was at fault.
Type of coverage in which an insured's own policy provides indemnity for bodily injury and/or property damage without regard to fault. In many instances it is difficult if not impossible to determine the original cause-such as who is at fault in a chain car collision. In states with no-fault liability insurance, an insured cannot sue for general damages until special damages including medical expenses exceed a minimum amount. This is an effort to eliminate groundless suits for general damages.
A type of coverage mandated in certain states that requires drivers to collect from their own insurance companies for certain losses, without regard to fault.
Coverage designed to compensate victims of automobile accidents without the necessity of proving negligence on anyone's part. No-fault laws passed by different states vary greatly in their scope and application. Most provide that a victim's own insurance will allow a victim to sue in tort, once expenses or injuries have passed a stipulated threshold (monetary or otherwise).
A type of insurance that covers injuries and losses as a result of a car accident regardless of who caused the accident.
A type of automobile policy in which the Insured's own policy provides indemnity for bodily injury and / or property damage without regard to fault.
A form of insurance by which a person's financial losses resulting from an automobile accident are paid by his or her own insurer regardless of who was at fault.
A type of insurance in which financial losses resulting from an automobile accident are paid by your own insurer, regardless of who was at fault.