Definitions for "No-Fault Automobile Insurance"
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.