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 is covered by their own insurance company for both personal injury and economic losses. As a result, individuals cannot sue the at-fault driver for pain and suffering and economic loss, making option B correct. Option A is incorrect because although no one is deemed to be at fault, it does not mean that fault is completely disregarded. Option C is also incorrect because there may still be legal expenses related to disputes over coverage or the amount of benefits received. Option D is incorrect because the dollar value of accident benefits is not necessarily lower in pure no-fault insurance.

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