no fault insurance

Meaning of word no fault insurance from English dictionary with examples, synonyms and antonyms.

no fault insurance noun

Meaning : A system of automobile insurance where a party who is injured in an automobile accident recovers damages up to a specific amount against his own insurance company regardless of who was responsible for the accident.

Example : The amount of litigation resulting from minor accidents is reduced by no fault insurance.

Synonyms : no fault automobile insurance

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