Definitions
There is 1 meaning of the phrase
No Fault Insurance.
No Fault 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 automobile insuranceExample Sentences
"The purpose of no fault insurance is to provide compensation for medical expenses regardless of who caused the accident."
"Under no fault insurance, each party involved in an accident is responsible for their own medical bills."
"Some people argue that no fault insurance reduces the number of lawsuits."
"States with no fault insurance typically have a threshold for serious injury before a lawsuit can be filed."
"Proponents of no fault insurance claim that it reduces insurance fraud."
