No-fault Insurance

Written by  //  June 23, 2011  //  Insurance Glossary: N-S, Insurance Terms  //  Comments Off on No-fault Insurance

Under a state with a No-Fault system as opposed to a Tort system or Add-On Benefits Systems, your insurance company would pay for medical payments and a portion of your lost wages, regardless of who caused the accident. There are variations in the laws of those states that have No-Fault insurance.

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