What does no-fault insurance mean?
Definitions for no-fault insurance
no-fault in·sur·ance
This dictionary definitions page includes all the possible meanings, example usage and translations of the word no-fault insurance.
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Wikipedia
No-fault insurance
In its broadest sense, no-fault insurance is any type of insurance contract under which the insured party is indemnified by their own insurance company for losses, regardless of the source of the cause of loss. In this sense, it is no different from first-party coverage. The term "no-fault" is most commonly used in the context of state or provincial automobile insurance laws in the United States, Canada, and Australia, wherein a policyholder and their passengers are reimbursed by the policyholder's own insurance company without proof of fault, and are restricted in their right to seek recovery through the civil-justice system for losses caused by other parties. No-fault insurance has the goal of lowering premium costs by avoiding expensive litigation over the causes of the collision, while providing quick payments for injuries or loss of property.
Numerology
Chaldean Numerology
The numerical value of no-fault insurance in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of no-fault insurance in Pythagorean Numerology is: 4
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"no-fault insurance." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/no-fault+insurance>.
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