Question

What type of insurance is needed if you are involved in an accident and both parties are covered by their own insurance policies?

Answer 1

This would be no-fault insurance. It holds that neither party will be responsible for the other party's claims. This makes it easier on both parties, since there will not be additional time spent processing and arguing over claims that the other person might have against their person or property. They will be covered for the damages by their own policy.