No-fault Automobile Insurance
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.
Popular Insurance Terms
Transit over land. ...
Insurance policy that differs from the standard form. ...
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Payment of insurance proceeds for a claim resulting from a loss to insured mortgaged property. ...
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