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8 Cards in this Set
- Front
- Back
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Purpose of No Fault Insurance
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Reimburse from OWN insurance for smaller injuries
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Type of harm covered by No Fault Insurance
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Personal injury ONLY, not collision/property damage
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Min. No Fault Insurance coverage
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$50K
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4 classes of people entitled to claim under no fault
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-owner self-operating
the owner of the car injured while operating own car looks to insurance co for his injuries -OTHERS driving covered driver's car -all passengers in covered car -any pedestrians hit by covered car |
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4 classes of people NOT entitled to claim under no fault
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drunk drivers
drag racers car thieves fleeing felons |
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2 general requirements for STILL suing under negligence standard (so you can get pain & suffering)
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-More than "basic" economic loss
-"Serious" injury |
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Definition of "basic" economic loss
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-more than $50K/year in losses ($24K/year max from job)
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Definition of "Serious" injury
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a. death
b. disfigurement c. serious fracture d. dismemberment e. permanent loss of a bodily organ or function |
