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

Question

Quizplus · Accepted Answer

Pure no-fault insurance means that regardless of who caused the accident, each party involved receives compensation from their own insurance company. This means that individuals cannot sue the at-fault driver for pain and suffering and economic loss, making choice B true. However, this does not necessarily mean that there are no legal expenses, making choice C false. Additionally, the dollar value of accident benefits may or may not be lower, making choice D incorrect. Finally, while choice A is partially true in that no one is deemed to be at fault for the accident, this is not the defining feature of pure no-fault insurance.

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