Definitions
There is 1 meaning of the phrase
No Fault Automobile Insurance.
No Fault Automobile Insurance - as a noun
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
Example: "The amount of litigation resulting from minor accidents is reduced by no fault insurance"
Synonyms (Exact Relations)
no fault insuranceExample Sentences
"The state of Florida has a mandatory no fault automobile insurance policy."
"Some states have a hybrid system that combines no fault automobile insurance with traditional liability coverage."
"Under a no fault automobile insurance policy, each party's own insurance company pays for their medical expenses."
"Many no fault automobile insurance policies also provide coverage for lost wages and other economic losses."
"In a no fault automobile insurance system, fault is not considered when determining coverage for medical expenses."
