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 Posted: Sat Apr 25, 2009 12:45 pm Post subject: No-fault car insurance and what it covers |
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How does no-fault car insurance work in case of an injury claim?
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Bulldwarf
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| Posted: Sat Apr 25, 2009 12:50 pm Post subject: |
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| Every state is a little different (with MI being the oddest) but basically the injured person's no-fault car insurance coverage initially pays the medical bills to a certain extent. Some states then allow them to recover from the at-fault party, others don't. |
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tcope
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| Posted: Sat Apr 25, 2009 1:31 pm Post subject: |
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| Here in NY no fault car insurance in required by the state and has to cover certain items. These include payment of your medical bills up to your policy limits, and payment of lost wages up to a certain amount a month for a max of 3 years. When you go to your doctor you provide them with the claim # from your insurance carrier and the bills are sent to them. As mentioned by tcope each state can be a little different. |
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Chad
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| Posted: Thu May 28, 2009 9:37 am Post subject: |
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Hi,
I'd like to share my recent findings regarding no-fault car insurance with you guys-
* States which encourage a kind of no-fault auto insurance constitute most of the high-priced states within the country.
* States that have experienced the largest of premium hikes during 1998-2002 have established no-fault systems as mandatory.
* Auto insurance premiums have been raised by 92% across the no-fault states as compared to states that hold personal responsibility.
* Premiums across all no-fault states have been 19% more than the states which hold personal responsibility.
Hope, this proves useful for all those who reside under the no-fault regulations!
Plasticmind
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Plasticmind
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| Posted: Fri May 29, 2009 12:30 pm Post subject: |
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It's quite natural that with no-fault car insurance people would expect claims to be settled irrespective of the party at-fault and even when there's no litigation. As per the no-fault rules, it would bring down major costs and speed up the process of settlement. Your carrier would pay for small claims under no-fault. Litigation only surfaces for the large claims.
No-fault insurance has now been adopted by a number of states and hence the details would vary with each state. On the other hand, there are some states that have resorted to no-fault plans which permit litigation in connection with smaller claims.
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anonymous00
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