What is no-fault insurance?

No-fault insurance is an insurance policy where an insurance company pays for damages to its policyholder regardless of who was at fault in an accident. In Arizona, no-fault insurance is also known as Personal Injury Protection (PIP) insurance. This type of insurance covers expenses related to medical bills, lost wages, and other costs associated with injuries to the policyholder, regardless of fault. In most no-fault states, policyholders must pay a deductible or premium for their coverage. After they have paid the deductible, the insurance company will pay a fixed amount to cover accident-related expenses. In Arizona, the amount of coverage is determined by the policyholder, but the minimum coverage is $15,000 per person and $30,000 per accident. No-fault insurance is meant to reduce the need for costly lawsuits to determine who is at fault for accidents. It also helps victims receive the treatment they need to recover quickly, without having to wait for a lawsuit to be settled. In addition, no-fault insurance can help reduce premiums for everyone, since insurance companies no longer need to investigate who is at fault for an accident. Overall, no-fault insurance is an important part of accident law in Arizona, and can be a helpful way for policyholders to receive the coverage they need following an accident.

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What is no-fault insurance?

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