no fault insurance (Meaning)
no fault insurance (n)
a system of automobile insurance where a party who is injured in an automobile accident recovers damages up to a specific amount against his own insurance company regardless of who was responsible for the accident
Synonyms & Antonyms of no fault insurance
No Synonyms and anytonyms found
no fault insurance Sentence Examples
- No-fault insurance assigns liability to drivers regardless of who caused the accident.
- Under no-fault insurance, each driver's insurance covers their own injuries and damages.
- No-fault insurance aims to reduce legal disputes and streamline the claims process.
- In some states, no-fault insurance is mandatory for all vehicle owners.
- No-fault insurance typically has a limit on the amount of benefits available to each driver.
- If the injuries exceed the no-fault insurance limit, the injured party may seek additional compensation.
- No-fault insurance can provide peace of mind by eliminating the need to determine fault after an accident.
- Some critics argue that no-fault insurance can lead to higher insurance rates for drivers with good driving records.
- No-fault insurance laws vary from state to state, so it's essential to understand the regulations in your area.
- No-fault insurance is a complex topic with both advantages and disadvantages, and it's crucial to weigh the pros and cons carefully before making a decision.
FAQs About the word no fault insurance
a system of automobile insurance where a party who is injured in an automobile accident recovers damages up to a specific amount against his own insurance compa
No synonyms found.
No antonyms found.
No-fault insurance assigns liability to drivers regardless of who caused the accident.
Under no-fault insurance, each driver's insurance covers their own injuries and damages.
No-fault insurance aims to reduce legal disputes and streamline the claims process.
In some states, no-fault insurance is mandatory for all vehicle owners.
