Automobiles are ingenious inventions that have changed how we commute forever. You can travel along highways at over a hundred miles an hour. More importantly, you can do it while sitting in an air-conditioned interior with comfortable leather seats.
However, no matter how advanced vehicles might be, the reality is that it’s still humans driving them. People make mistakes. Unfortunately, errors while driving can lead to accidents.
According to the Association for Safe International Road Travel, more than 38,000 people die in car crashes annually. In addition, 4.4 million more people get injured due to car crashes. Car accident injuries often result in expensive medical bills. That’s something that you don’t want to pay, particularly if you were injured through no fault of your own.
What is No-Fault Insurance?
No-fault insurance, also known as personal injury protection insurance, covers your medical expenses if a car accident occurs. No-fault insurance also extends to your passengers. In addition, it can also cover your income loss stemming from the accident. The best part about no-fault insurance is that your insurance provider covers these costs regardless of who was at fault for the accident.
No-fault insurance is mandatory in eighteen states, meaning you can’t drive in these states without no-fault insurance.
What Does No-Fault Insurance Cover?
No-fault insurance covers numerous things, including medical bills, lost earnings, and out-of-pocket damages. Your insurance provider will also cover funeral costs if a person passes away in a car accident. However, you’ll want to note that having no-fault insurance disqualifies you from seeking compensation for pain and suffering because of an accident. You can only file a liability claim against the aggrieving party if your medical bills cross a certain threshold. Some states also allow you to file a liability claim if medical professionals deem your injury severe. Injuries that often qualify for liability claims include disfigurement, fractures, dismemberment, and fetus loss. Typically, these threshold requirements for filing a liability claim depend on your state.
Does No-Fault Insurance Cover Car Damage and Theft?
No-fault insurance doesn’t cover car damage or theft. It only covers economic losses, medical bills, and other expenses you sustain because of a car accident. If an accident damages your car, you’ll need collision insurance or the other party’s liability policy to cover it.
How to File No-Fault Insurance Claims
You’ll have to file a no-fault insurance claim with your insurer. The insurer will cover your medical bills and wage loss. However, it would serve you well to note that filing for a no-fault claim can cause your coverage rates to rise.
Why Require No-Fault Coverage?
You might be wondering, what’s the point in signing up for no-fault coverage? That’s an excellent question. No-fault coverage revolves around reducing litigation after an accident. Typically, personal injury claims require proving fault for the accident. Once insurance companies determine fault, they act accordingly. However, no-fault coverage eliminates the hassle of going through that process. Instead, insurance companies save costs. In exchange, insurance providers pass the savings to drivers through lower premiums. No-fault insurance also helps accident victims receive proper care quickly.
Seek Legal Counsel from an Experienced Attorney
Are you seeking an attorney near you? The Vargas Law Office is home to attorney Ronnie Vargas. Ronnie Vargas is one of the most experienced personal injury lawyers in Milwaukee, Wisconsin. Attorney Vargas has been practicing law since 1996. He has helped thousands of clients with their family law proceedings. In addition, he’s also a qualified business lawyer and criminal lawyer.