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Insurance Definition: NO-FAULT

By Compuquotes Team on March 27th, 2008

NO-FAULT:

Definition:

  • Auto insurance coverage that pays for each driver's own injuries, regardless of who caused the accident. No-fault varies from state to state. It also refers to an auto liability insurance system that restricts lawsuits to serious cases. Such policies are designed to promote faster reimbursement and to reduce litigation.

Information provided by Insurance Information Institute

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