No fault car accident insurance is a form of add on insurance in some states. This means that car owners can add on the insurance protection to his or her policy. If you live in a state that allows this type of coverage, you still must maintain at least the minimum amount of insurance coverage to meet state minimums. In addition, no fault car accident insurance does not provide comprehensive coverage or collision coverage outright.
What Is No Fault Car Accident Insurance?
If you are involved in a no fault car accident, this simply means that your insurance company will pay the costs associated with the accident, no matter who is at fault for the damages and injuries, up to the covered limitations. However, there are several variations of this insurance providing different levels of coverage to individuals.
The specific form called add on no fault insurance provides a claim benefit from the insurance company that pays for the insured person. With this particular type of insurance, the insurance company will provide you with a payout if you are involved in an accident. This type of add on insurance is available in the following states:
- Arkansas
- Delaware
- Maryland
- New Hampshire
- Oregon
- South Dakota
- Texas
- Virginia
- Washington
- Wisconsin
If you live in one of these states, you may wish to purchase no fault insurance. One of the most important factors in true add on accident insurance is that there is no limit to sue. In states that have true add on no fault, this ability to sue others is not available. In those states that are no fault states, you cannot sue the other company for your claims (your own insurance takes care of them.) This is not true in states with add on policies, though.
Why Invest?
With the use of no fault insurance, especially in those states where it is the required form of insurance, the number of frivolous lawsuits has dropped. Since you can only sue your own insurance company, it is less likely that you will do so in these areas. In some situations, this added benefit can help you to reduce your costs and offers you more protection.
Hire an Attorney
If you have questions about no fault car accident coverage in your state, do consider hiring an attorney to help you with your case. This is especially important if you have been involved in a car accident and are facing litigation. Those who need help deciding if they need this insurance can also use an attorney to help them with that decision.
