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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 ...
Vehicle impounding: A law enforcement officer may decide to impound your vehicle once they discover that you were driving without insurance, regardless of fault. Out-of-pocket expenses: Vehicle ...
In the dozen or so states with mandatory no-fault car insurance laws, fault is not the central factor in determining who pays for the damages that result from a car accident. In a no-fault car ...
Personal injury protection (PIP) is an extension of car insurance available in some U.S. states that covers medical expenses and, in some cases, lost wages and other damages. PIP is sometimes referred to as "no-fault" coverage , because the statutes enacting it are generally known as no-fault laws, and PIP is designed to be paid without regard ...
The Keeton-O'Connell plan provided that all automobile owners would be required to purchase a new form of insurance, called "basic protection coverage," under which a victim has recourse for his net economic loss against the insurer of his own car, his host's car or, if the victim is a pedestrian, any car involved. Fault is not required to be ...
Both full tort and limited tort coverage only apply in situations where the driver or passengers have been injured in an accident that is not the driver's fault. The victim then has the option of bringing charges against the at-fault driver to sue in court for unpaid medical bills, property damage, loss of income, pain, and suffering.
Collision coverage pays for the damage to your car caused by hitting another vehicle or object, regardless of fault. A deductible will apply to this coverage based on the amount you select.
However, in choosing which type of policy to purchase, the owner should consider whether, in case of a total loss, it is more advantageous for him or her to have the policy pay off the negative equity or provide a down payment on a new vehicle. For example, assuming a total loss of a vehicle valued at $15,000, but on which the owner owes ...