Which of the following is True about pure no-fault insurance?

Question

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Pure no-fault insurance means that regardless of who caused the accident, each party's own insurance company covers their own medical expenses, lost wages, and other related costs. This also means that you cannot sue the other driver for pain and suffering and economic loss, as stated in option B. Option A is partially correct, as no one is deemed to be at fault for the accident, but this does not mean that no one caused the accident. Option C is incorrect, as no-fault insurance does not eliminate legal expenses, it simply changes who pays for them. Option D is also incorrect, as the dollar value of accident benefits can vary depending on the policy and the state or province where it is issued.

Which of the Following Is True About Pure No-Fault Insurance