NO FAULT AUTOMOBILE INSURANCE

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A system of automobile insurance where a party who is injured in an automobile accident recovers damages up to a specific amount against his own insurance company regardless of who was responsible for the accident

Example:

the amount of litigation resulting from minor accidents is reduced by no fault insurance

Synonyms:

no fault automobile insurance; no fault insurance

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("no fault automobile insurance" is a kind of...):

automobile insurance; car insurance (insurance against loss due to theft or traffic accidents)

Credits