No-Fault Insurance (Glossary Word)

A type of insurance where each party to a loss will be covered by their own insurance, even if another party is legally liable (at fault) for the loss. States that use no-fault coverage usually modify this concept to permit some third party payments.

Other users also searched for some of the following glossary words.

Glossary Words

• No-Fault Insurance
• Personal Injury Protection
• Under Insured Motorists Coverage
• Strict Liability