1. Discuss the differences between no-fault and tort liability auto insurance laws. 2. Which one of...

1. Discuss the differences between no-fault and tort liability auto insurance laws.

2. Which one of these types of liability theory does Florida follow?

3. Does it matter to the consumer, the insurer, the general public, or not at all?

Expert Solution

No-fault insurance is a type of auto insurance coverage that helps one to pay for self and passengers' medical bills if one is injured in a car accident, regardless of the fact that who has caused the accident. No-fault insurance is also said as personal injury protection, or PIP insurance.

In no-fault , the injured party in an auto accident is required to first present a claim under his own insurance company’s PIP (Personal Injury Protection) coverage. PIPis obliged to pay for medical expenses, wage loss, and miscellaneous expenses associated with the injury and treatment.

Tort liability comes into play when one is seriously injured or when the medical expenses are very huge,an injured party can pursue a claim directly against the driver who was faulty and his insurance company.

The liability to pay in case of accident the main difference between No fault insurance and Tort Liability in auto insurence.

2)Florida is a No-Fault Insurance state.

3)It matters to all.All the three equally,as in case of accident the person who is at fault the other party and the insurance company all are involved.If their is no insurance the defaulter will have to bear each penny from his own pocket.If insured the insurance company needs to meet the expenses.Hence it matters to all.

keosha answered 2 hours ago

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