Vocab Bloom Hub

no fault insurance

/ˈnoʊ fɔːlt ɪnˈʃʊrəns/

1 entry

phrase

/ˈnoʊ fɔːlt ɪnˈʃʊrəns/C1formallegal
  • ruТип страхового полиса, обычно для транспортных средств, при котором страховая компания каждой стороны оплачивает их убытки независимо от того, кто стал виновником аварии, с целью сокращения судебных разбирательств и ускорения выплат.

A type of insurance policy, typically for vehicles, where each party's own insurance company pays for their losses regardless of who caused the accident, aiming to reduce litigation and speed up claims.

  1. Insurance systemC1formal

    A type of insurance policy where each party's own insurance company pays for their losses, regardless of who was at fault in an accident.

    ruСтраховая система

    • Under no fault insurance, you file a claim with your own insurer after a car accident.
    • No fault insurance is mandatory in some states to reduce litigation.
    • The driver's medical bills were covered by his no fault insurance policy.