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No Fault Coverage

05/15/24

Usually it is clear who is at fault for an automobile accident, but occasionally the circumstances are murky and authorities have a difficult time assigning blame. When that happens, insurance companies tend to wait until fault is established, which means it could take months for you to be paid for a claim.

No-fault insurance is designed to cover that kind of situation. Under no-fault coverage, your insurance company pays you whether you were at fault or not. However, no-fault insurance typically only pays for medical bills, lost wages, and in some cases funeral expenses. Property damage is typically not covered under a no-fault insurance policy but may be covered under other provisions of your policy.

Think of no-fault insurance as additional coverage that can kick in if the responsibility for an accident is unclear or difficult to prove. You can still pursue a liability claim, but in the meantime at least some of your expenses will be covered.

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This article contains general information only. Sunflower Bank is not, by means of this article, rendering accounting, financial, investment, legal, tax, or other professional advice or services. This article is not a substitute for such professional advice or services, before making any decisions related to these matters, you should consult a qualified professional advisor.