There are two types of states when it comes to automobile accidents: no-fault and fault-based. In a no-fault state, the driver's insurance company pays for their own damages, regardless of who is at fault in the accident. In a fault-based state, the driver's insurance company pays for damages only if they are not at fault in the accident.
Virginia is a fault-based state. This means that the driver's insurance company will only pay for damages if the driver is not at fault in the accident. If the driver is found to be at fault, their insurance company will not pay for any damages. It is important to know this when deciding which insurance company to purchase auto insurance from.
No-fault insurance is a type of insurance that provides coverage to the policyholder in the event of an accident, regardless of who is at fault. Traditional insurance, on the other hand, is a type of insurance that requires the policyholder to prove that the other driver was at fault in order to recRead more
There are several states in the US that have "no-fault" laws. This means that in the event of a car accident, both drivers' insurance companies will pay out damages, regardless of who was at fault. North Carolina is one of these states.There are a few key things to know about North Carolina's no-fauRead more
There are pros and cons to both no-fault and fault insurance systems. In a no-fault system, each driver's own insurance company pays for their own damages, regardless of who caused the accident. This eliminates the need to determine who was at fault in the accident, and can speed up the claims proceRead more