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States are trying to reform no-fault laws

  1. Stacie L profile image87
    Stacie Lposted 4 years ago

    Is no-fault insurance finished?

    States are trying to reform no-fault laws -- and some have repealed them altogether -- in an effort to contain medical costs and fight fraud.
    Under no-fault laws, people injured in car accidents are compensated by their own insurance companies unless damages exceed a set amount. In theory, no-fault laws should reduce the number of lawsuits filed to determine who is at fault in accidents. Fewer lawsuits should help trim car insurance companies' costs, and thus car owners' premiums.

    http://money.msn.com/auto-insurance/is- … e-finished
    it sounds good initially since premiums are dropping ,but does anyone have some experience with an accident in a  no-fault state?

    1. PaulaHenry1 profile image67
      PaulaHenry1posted 4 years ago in reply to this

      Horrible experience. A lady ran a red light at an intersection crossing the Hwy. I T-boned her at 70 MPH. No fault state in MN. I got nothing but residual pain and lost my job.

      1. Stacie L profile image87
        Stacie Lposted 4 years ago in reply to this

        You didn't take them to court?
        I see this no fault decision as  another bonus for lawyers.

  2. ocbill profile image75
    ocbillposted 4 years ago

    Corporations making stealth moves again. You gotta stand up to this ever dwindling benefits for the people.

 
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