No fault insurance – what does it mean for auto insurance?
Jackson (Pennsylvania ) I Have No-Fault Insurance, so I’m not at fault for an accident?
Response : The meaning of a No- fault insurance coverage in an auto insurance policy means that if you are involved in a car accident and you are injured or your vehicle is damaged than you have to deal with your own insurance company, irrespective of the fact whether you or the other driver is at fault. This is to ensure that you will get the financial help from your own insurance company for your injuries or damaged auto, rather than waiting for any decision of who is at fault and settlement from the other insurer.
In US this law differs in each state. Kentucky, New Jersey and Pennsylvania -permit their policy holders to choice between the traditional tort (file a suit against the wrong doer) and no-fault recovery regimes. The policy holders can select “choice” or “optional” no -fault, or “full tort” and “limited tort” (no-fault) In both Kentucky and New Jersey, if no choice is made by the policy holder than no-fault option is given by default. In Pennsylvania if an insured fails to select than the full-tort option is assigned by default. Some states have repelled the no-fault system but Florida has created a new no-fault system as of January 1, 2020.
Review car insurance coverage and find out if your auto insurance policy has “no fault:. If you donot, compare auto insurance quotes online but be sure to choose the correct option avaliable for “no-fault” depending upon your state.
Tagged with: Accident Response • Auto Insurance Policy • Car Accident • Car Insurance Coverage • Correct Option • Doer • Fault Insurance • Fault Recovery • Fault System • Financial Help • Florida • Insurance Company • Insurance Coverage • Insurance Pennsylvania • Insurance Quotes • Insurer • Jackson Pennsylvania • January 1 • Kentucky • New Jersy • Own Insurance • Pennsylvania Insurance • Regimes • Tort
Filed under: Review Car Insurance Coverage
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