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In the event of a not-at-fault accident, meaning an accident you did not cause, the claim will be handled based on the state’s fault laws. Remember that a not-at-fault accident and no-fault ...
Medical payments can also cover medical expenses if you’re a pedestrian hit by a car. In tort states, not-at-fault drivers could use this coverage to pay for medical expenses if they don’t ...
Even if you are not at fault in an accident, driving without insurance can lead to financial and legal troubles. In some states, car insurance is not mandatory, but drivers can still be held ...
The distinction between indemnity and damages is subtle and may be differentiated by considering the roots of the law of obligations: how can money be paid if the defendant is not at fault? The contract before rescission is voidable but not void, so, for a period of time, there is a legal contract. During that time, both parties have legal ...
A Michigan no-fault policy provides unlimited medical and rehabilitation benefits. [4] Claimants involved in an auto accident are wise to submit their own insurance information to their medical providers, as third party carriers are under no legal obligation to pay a claimant's medical bills, while first party carriers are.
No-fault systems generally exempt individuals from the usual liability for causing bodily injury if they do so in a car collision; when individuals purchase "liability" insurance under those regimes, the insurance covers bodily injury to the insured party and their passengers in a car collision, regardless of which party would be liable under ordinary legal tort rules.
The total damage to your car is estimated to be $1,200. You carry collision coverage on your vehicle with a $500 deductible. Since the deductible is your responsibility, your insurance company ...
Diminution in value is a legal term of art used when calculating damages in a legal dispute, and describes a measure of value lost due to a circumstance or set of circumstances that caused the loss. Specifically, it measures the value of something before and after the causative act or omission creating the lost value in order to calculate ...