YOU ASK:
What is the definition of No-Fault?
WE ANSWER:
No-Fault refers to a form of insurance protection that pays for the benefits (particularly for expenses related to the driver's injuries) no matter who caused the accident, even if the insured did not act in such a way that resulted to a loss.
No-fault insurance is put in to limit the number of liability suits (to the more serious cases), as well as to ensure quicker reimbursement of medical expenses.
This kind of insurance will vary from state to state. The insurance company, depending on the kind of policy and the rules governing the state, will also try to recoup the claims payment. It does this by going after the insurance company of the person who caused the accident.
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