No-fault insurance

What is No-fault insurance?

No-fault insurance definition and meaning on Dictionary terms:
noun
Also called no-fault insurance. a form of automobile insurance designed to enable the policyholder in case of an accident to collect a certain basic compensation promptly for economic loss from his or her own insurance company without determination of liability.

adjective
of, relating to, or requiring no-fault insurance: a no-fault law; no-fault coverage.
of, relating to, or designating a divorce in which there is no attempt or need to hold either party responsible for the breakup.

 

reference: https://www.dictionary.com/browse/no-fault-insurance

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