Insurance   A layperson's glossary of insurance terminology.

#ABCDEFGHIJKLMNOPQRSTUVWXYZ

what is...
NO-FAULT
Auto insurance coverage that pays for each driver's own injuries, regardless of who caused the accident. No-fault varies from state to state. It also refers to an auto liability insurance system that restricts lawsuits to serious cases. Such policies are designed to promote faster reimbursement and to reduce litigation.

    Courtesy of the Insurance Glossary
    Copyright © 2006 by 20/20 Technologies