| No-fault principle vehicle insurance refers to insurance | | | | there are certain things you should have in mind. First, |
| contracts under which the insured is indemnified for | | | | you should realize that the term no-fault does not |
| loss by his or her company without establishing who | | | | mean that you will never be at fault when an |
| was at fault first. The main aim of this insurance is to | | | | accident occurs. Insurance companies have to find |
| reduce the cost of premiums by eliminating the | | | | someone at-fault fully or partly whenever an accident |
| litigation process over the cause of the accident. By | | | | occurs. |
| introducing an aspect of simplicity motorists can be | | | | Another thing you should realize is that when you are |
| assured of receiving quick payments for injuries. | | | | found at-fault after the accident has occurred, it is |
| As you will realize, this type of insurance does not | | | | added to your insurance record. The direct effect is |
| promise the involved parties, absolute justice as | | | | increased policy costs as you are now considered a |
| would be the case if they were defendants and | | | | higher risk. |
| plaintiffs in a common law practice. It provides | | | | One good thing about no-fault principle vehicle |
| average justice for everyone in motor vehicle | | | | insurance is that the rules are standard when it |
| accidents. The speedy justice is advantageous | | | | comes to assigning within a province hence all insurers |
| especially if you consider the economical angle. | | | | have to abide by the set standards. The criteria |
| However, it should be noted that the no fault | | | | however differ with different provinces. For instance |
| principle does not prevent the victims of vehicle | | | | a driver who rear-ends another car on an icy road in |
| accidents from seeking legal action in a bid to recover | | | | Ontario is at fault since Ontario fault determination |
| extra amounts from the defendant. The ability to sue | | | | rules require drivers to take road conditions into |
| is generally influenced by the province as well as | | | | consideration. |
| other conditions. In order for such actions to be | | | | Finally, the percentage of fault is used to determine |
| fruitful there are certain conditions regarding the case | | | | the amount of deductible that you have to pay. It is |
| which must be fulfilled. Among other conditions, | | | | also important to note that although not all provinces |
| death, disfigurement and monetary thresholds are | | | | have no-fault principle vehicle insurance, all provinces |
| the main considerations. In some provinces, you can | | | | have a degree of no-fault accident benefits |
| only sue for economic loss and not pain or suffering. | | | | coverage. This means compensation for the driver, |
| Although, it helps eliminate delays, when this principle | | | | passengers and pedestrians injured or killed in the |
| was introduced in some parts of Canada such as | | | | accident. Such compensation covers rehabilitation and |
| Saskatchewan, it was not because of delays but the | | | | medical expenses, loss of income due to disability, |
| low percentage of vehicle owners who carried liability | | | | funeral expenses and death. With this information in |
| insurance covers at the time. | | | | mind, you will not longer be confused by the principle |
| Before you go for this type of insurance cover, | | | | behind this type of insurance. |