Can anyone tell me about the no-fault car insurance ? Am I allowed to sue anyone for car-related damages while in a no-fault state ? Donald Ross
Total Comments: 6
Posted: Wed Aug 29, 2007 06:37 am Post Subject: dollar threshold!
Yupp! These are things which are not quite clear to many like me! I've also come to know of something called a dollar threshold..but yet not got enough information regarding it. Crossbreed007
Posted: Wed Aug 29, 2007 07:38 am Post Subject: no-fault theory
Hi all!
I'm sure most of you would agree with me at describing the claims associated with no-fault coverage as claims that may get sorted out without identifying the party at-fault. The no-fault theory is an idea that suggests a major reduction of costs and makes claims processing even faster.
No litigations are there for claims involving smaller amounts, they are paid by your insurer without much negotiation. But for the larger claims litigations are invited. Thanks & regards, Fatman
Posted: Wed Aug 29, 2007 08:03 am Post Subject: may also require litigation..
Hi there, under no-fault, there are no contributions for pain or sufferings undergone. No-fault insurance is now quite common across the states, but the associated clauses are very much dependent on the individual state guidelines. Let me tell you that you might also come across some states where in the smaller claims as mentioned by fatman may also require litigation. Thus for such states, even these policies turn out to be like general insurance. Juanita
Posted: Wed Aug 29, 2007 08:13 am Post Subject: Dollar threshold!
Well, about the dollar threshold, I have heard that under the no-fault rules, a claim has to be of a certain worth in terms of dollars in order to invite litigation (as rightly mentioned by someone above). Now, claims which fall below that threshold get settled quickly ! Only the claims which come under that threshold would be called for any litigation. Actually this has become a normal practice for the insurance companies to dispose off the smaller claims since it is through meeting these claims that they maintain their goodwill! Hope you got a piece of the cake now :)
Rudy d'Cliffer
The long and short of no-fault insurance is this (at least in Michigan, may vary in other states!): you rear-end someone at a stop light - his insurance pays for his damages, and your insurance pays for yours. He can sue you in small claims court under mini-tort for his deductible up to a certain amount. In Michigan, it's $250, I believe. So if you have a $500 deductible, you still only get up to $250 of it back.
In Michigan, large-scale accidents (more than the fender-bender mentioned above) involving personal injury or death are handled differently. Where fault is not clearly defined by the circumstances of the accident (i.e., you rear-ended someone on a motorcycle that was stopped at a stop sign and killed the cycle driver), an investigation will be opened into who was more at fault - you or the other driver. The claim will be handled according to the results of that investigation.
Obviously, there are many more little nuances and "gray areas" of no-fault insurance (my favorite is the parked car accident), but that's just a general idea.
Posted: Tue Sep 11, 2007 02:23 am Post Subject:
All I can tell you is what happened to me, back in 1999 I was visiting Fla and was involved in an accident. Actually we were planning to move there. Well, that is a no fault state, my insurance company was not. They were not going to pay for damages done to my car (I was rear ended) But my insurance company went to bat for me, and made his company pay for my car, plus a rental car for me to get around in. Other than that, I have no idea. Sorry.
Posted: Wed Aug 29, 2007 06:37 am Post Subject: dollar threshold!
Yupp! These are things which are not quite clear to many like me! I've also come to know of something called a dollar threshold..but yet not got enough information regarding it. Crossbreed007
Posted: Wed Aug 29, 2007 07:38 am Post Subject: no-fault theory
Hi all!
I'm sure most of you would agree with me at describing the claims associated with no-fault coverage as claims that may get sorted out without identifying the party at-fault. The no-fault theory is an idea that suggests a major reduction of costs and makes claims processing even faster.
No litigations are there for claims involving smaller amounts, they are paid by your insurer without much negotiation. But for the larger claims litigations are invited. Thanks & regards, Fatman
Posted: Wed Aug 29, 2007 08:03 am Post Subject: may also require litigation..
Hi there, under no-fault, there are no contributions for pain or sufferings undergone. No-fault insurance is now quite common across the states, but the associated clauses are very much dependent on the individual state guidelines. Let me tell you that you might also come across some states where in the smaller claims as mentioned by fatman may also require litigation. Thus for such states, even these policies turn out to be like general insurance. Juanita
Posted: Wed Aug 29, 2007 08:13 am Post Subject: Dollar threshold!
Well, about the dollar threshold, I have heard that under the no-fault rules, a claim has to be of a certain worth in terms of dollars in order to invite litigation (as rightly mentioned by someone above). Now, claims which fall below that threshold get settled quickly ! Only the claims which come under that threshold would be called for any litigation. Actually this has become a normal practice for the insurance companies to dispose off the smaller claims since it is through meeting these claims that they maintain their goodwill! Hope you got a piece of the cake now :)
Rudy d'Cliffer
Posted: Wed Sep 05, 2007 10:59 pm Post Subject:
Oh boy...NO FAULT INSURANCE....my favorite! (NOT!!) ;-)
The long and short of no-fault insurance is this (at least in Michigan, may vary in other states!): you rear-end someone at a stop light - his insurance pays for his damages, and your insurance pays for yours. He can sue you in small claims court under mini-tort for his deductible up to a certain amount. In Michigan, it's $250, I believe. So if you have a $500 deductible, you still only get up to $250 of it back.
In Michigan, large-scale accidents (more than the fender-bender mentioned above) involving personal injury or death are handled differently. Where fault is not clearly defined by the circumstances of the accident (i.e., you rear-ended someone on a motorcycle that was stopped at a stop sign and killed the cycle driver), an investigation will be opened into who was more at fault - you or the other driver. The claim will be handled according to the results of that investigation.
Obviously, there are many more little nuances and "gray areas" of no-fault insurance (my favorite is the parked car accident), but that's just a general idea.
Posted: Tue Sep 11, 2007 02:23 am Post Subject:
All I can tell you is what happened to me, back in 1999 I was visiting Fla and was involved in an accident. Actually we were planning to move there. Well, that is a no fault state, my insurance company was not. They were not going to pay for damages done to my car (I was rear ended) But my insurance company went to bat for me, and made his company pay for my car, plus a rental car for me to get around in. Other than that, I have no idea. Sorry.
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