no fault insurance

1 definition found

no fault insurance - WordNet (r) 2.1 (2005) :

  no fault insurance
      n 1: a system of automobile insurance where a party who is
           injured in an automobile accident recovers damages up to a
           specific amount against his own insurance company
           regardless of who was responsible for the accident; "the
           amount of litigation resulting from minor accidents is
           reduced by no fault insurance" [syn: no fault insurance,
           no fault automobile insurance]