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Exactly what is no fault insurance?
No fault insurance auto insurance policy, also called personal injury protection (PIP) immediately pays for hospital fees, lost a source of income and a few injury-related costs, in spite of or was responsible for the accident. Actual cash you can get is determined by the user, the PIP benefits limits, which are listed in the page declaration of principles.

Not all States require you carry out no error of insurance and each of them has different policy limits. You should check Your Member PIP limits so you know, the amount of Your benefits.

Example:

New York is not resistance, which offers the following advantages to the PIP:

50.000 $ for the basic insurance PIP.

Pays for 80% of Your wages lost from work and up to $/month for three years.

For $ 25 per day for the cost of the replacement by one year. They include the costs, which may have to pay from your accident, such as rental of cleaning lady, baby sitter, transport costs, etc.

$ Death benefits for persons mentioned as beneficiaries of PIP benefits. This can be for parents, spouse or children.

Added benefit of no fault insurance

The main advantage of holding no fault policy is that you are certain to be compensated (to restrict their policies). In the countries of the faults of the total amount of cash you can never have been confirmed since it is established by what you can prove to the other driver of the vehicle was in charge of Your car.

This can be particularly annoying because you have simply to collect evidence against the other Driver of the car and go through the process of making insurance vehicle accident liability claims made by another driver of the car.

Other benefits of the principle of the PIP is generally more quickly get the money. The reason is that you are working directly with your insurance company instead of By the rules of another auto driver.

The process of settlement of the breakdown of the vehicle against some other auto insurance company, it may take several months to years to finish. This may mean that you will have to wait until the end of the settlement of accident car prior to the receipt of the check boxes for the payment of medical and lost wages.

Here are some other advantages of using no fault policy:

You do not have to pay a high deduction for medical expenses.

Medical bills are paid faster.

Are covered by the lost wages.

You do not need to prove someone was defective for auto accidents.

You cannot be sued if the car caused the accident.

Save time by not filing claims the accident car.

You can save money by not hiring a lawyer of expensive damage to the body.

However, PIP benefits only cover up within the limits of the policy. If the medical bills are greater than the limit of the policy, then you will need to start a claim for accident car and follow the same procedure as if you lived in the country.

Learn more about the car accident claims and statements in this article