If you live in a no-fault state, your own insurance company pays for any losses or injuries to you, no matter who causes the accident. With no-fault, most claims can be settled quickly, without litigation over who's at fault. However, no-fault can limit your right to sue to recover damages. Individual states set the coverage amount and place limits on your rights to file suit.
In fault states, the person at fault in the accident or that person's insurance company pays. With a fault system, your right to sue is not restricted. The right of the other party to sue is not limited either so it is important to know what the amount of coverage that you have.
To learn more about your states requirements are and how they affect you, please contact me at any time.