What Is No Fault Car Insurance?
Auto insurance is required of all motorists throughout the country. Before you take to the road, you must purchase an insurance policy that can protect you and the other drivers you share the road with.
However, you may not want to limit yourself to just the basic auto insurance policy. Drivers who want as much protection as possible also tend to choose no-fault car insurance.
Have you heard of no-fault car insurance before? If you haven’t, now is the time to change that.
Defining No-Fault Car Insurance
No-fault car insurance is known by a few names. Aside from that term, people may also refer to it as personal injury protection or no-fault coverage.
The significance of no-fault car insurance is already discernible from its name.
If you are involved in a car accident, you can file a claim against your no-fault insurance policy to receive compensation. The key thing to remember here is that determining fault is not important if you are filing a PIP claim. You can receive a payout regardless of who ultimately caused the accident.
In an at-fault state like California, you will have to file a claim against the driver who caused the accident to receive compensation. You can work with an auto accident attorney if you wish to receive your compensation faster, but you will still have to wait a while for it.
PIP policies give motorists the option of securing compensation quickly.
What Does No-Fault Car Insurance Cover?
No-fault car insurance makes it easier for you to get a hold of some money in a situation where you may desperately need it. That’s because this type of policy covers different kinds of significant losses.
You can file a claim with your insurer if you need to pay off some medical bills. A PIP policy will also provide compensation for any injuries sustained by the people inside your vehicle during the accident.
Did you have to miss work because of your injuries? Don’t worry because your no-fault coverage will also cover your lost wages.
If someone in your vehicle tragically passed away due to the injuries they sustained from the accident, you can also file a claim against your no-fault car insurance to receive some financial assistance.
That is the extent of your no-fault coverage. Any additional losses you sustained will not be covered.
Chances are your vehicle was significantly damaged during the accident. It’s unfortunate, but you cannot use your PIP policy to cover that. A different type of policy will have to compensate you for that loss.
No-fault coverage will also not act as a safety net in cases wherein your vehicle was stolen or vandalized. Hopefully, you have a different policy that can pay for your losses in that scenario.
Securing Compensation When No-Fault Insurance Does Not Come into Play
Recouping your losses is still possible even if you cannot use your PIP policy. Get in touch with an auto accident attorney and work with them to recover damages from the person who caused your accident. Sue the other party until they provide you adequate compensation for your losses.
Categorised in: Personal Injury Lawyer