What is no-fault insurance?(1 point)
Responses
Unlimited bodily injury liability mandated by the states to ensure that anyone hurt in an accident has enough resources to recover.
Unlimited bodily injury liability mandated by the states to ensure that anyone hurt in an accident has enough resources to recover.
Limited property damage liability mandated by the states to ensure that small or frivolous lawsuits filed solely for financial gain are prevented.
Limited property damage liability mandated by the states to ensure that small or frivolous lawsuits filed solely for financial gain are prevented.
Unlimited uninsured motorist protection mandated by the states to ensure people looking for financial gain are not posing as pedestrians and intentionally walking in front of cars.
Unlimited uninsured motorist protection mandated by the states to ensure people looking for financial gain are not posing as pedestrians and intentionally walking in front of cars.
Unlimited PIP mandated by the states to reduce the number of small and frivolous lawsuits.
1 answer
The correct response is:
Unlimited PIP mandated by the states to reduce the number of small and frivolous lawsuits.
No-fault insurance typically refers to a system where each party's own insurance covers their medical expenses and other damages, regardless of who is at fault in an accident. Personal Injury Protection (PIP) is a key component of no-fault insurance.
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