No Fault Insurance Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of No Fault Insurance, written in plain English, along with examples of how it is used.

What is No Fault Insurance?

n.It is a kind of automobile insurance where an insured when meets with an accident can claim for damages to person or property by proving that the accident actually occurred.In this case the insured need not prove that he was not responsible for the accident or some other party was responsible for the accident.It has an advantage of providing quick payment of damages and helps in avoiding legal proceedings and premium costs.