Question

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What is no-fault insurance?
a.

No-fault insurance provides full coverage for the entire car.
b.

No-fault insurance covers only damages that you did not cause.
c.

No-fault insurance is the default insurance that all drivers receive if they do not wish to purchase a special policy.
d.

No-fault insurance covers medical expenses incurred after an accident, regardless of which driver caused the crash.

Answer 1

Any type of insurance contract under which insureds are indemnified for losses by their own insurance company, regardless of fault in the incident generating losses

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.

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Explanation: