No Fault Insurance Definition
No Fault Insurance Definition. It does this regardless of who is at fault. The term no fault refers to the fact that you do not need to prove who was at fault in order to receive compensation from your insurance company.
Of, relating to, or being a motor vehicle insurance plan under which someone involved in an accident is compensated usually up to a stipulated limit for actual. A system of automobile insurance where a party who is injured in an automobile accident recovers damages up to a specific amount. The term no fault refers to the fact that you do not need to prove who was at fault in order to receive compensation from your insurance company.
No Fault Insurance, No Fault Automobile Insurance Noun.
My lost wage payment is subject to additional statutory offsets for amounts recovered or recoverable on. A type of automobile liability insurance that tries to cut the cost of insurance by restricting the legal grounds on which suits arising out of accidents can be brought. A system of automobile insurance where a party who is injured in an automobile accident recovers damages up to a specific amount.
Of, Relating To, Or Being A Motor Vehicle Insurance Plan Under Which Someone Involved In An Accident Is Compensated Usually Up To A Stipulated Limit For Actual.
The term no fault refers to the fact that you do not need to prove who was at fault in order to receive compensation from your insurance company. It does this regardless of who is at fault. No fault insurance is an insurance scheme wherein every person injured in an automobile accident is compensated irrespective of who was at fault.
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