What is no-fault insurance?

No-fault insurance is a type of insurance in which an individual who has been injured in an auto accident is compensated for their medical expenses and lost income regardless of who is found to be at fault. In North Carolina, no-fault insurance is governed by a law called the North Carolina Motor Vehicle Safety and Financial Responsibility Act. This law states that if you are injured in an auto accident, your own insurance carrier will provide you with compensation, even if the accident was caused by another driver. This means that if you are injured, your insurance company will cover medical expenses such as ambulance rides, hospital visits, prescription medications, and even lost wages. No-fault insurance also protects you in the event of a lawsuit. Instead of the other driver suing you for damages, the case is usually handled through an insurance company. This can make it easier to settle a claim and avoid costly legal fees. No-fault insurance is just one of the many types of insurance available to drivers in North Carolina. While it is important to be aware of no-fault insurance, it is important to also understand the other types of coverage that are available to you.

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What is no-fault insurance?

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