| NOUN | possession | no fault insurance, no fault automobile insurance | 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 |
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| Meaning | 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. | |
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| Example | "the amount of litigation resulting from minor accidents is reduced by no fault insurance" | |
| Synonym | no fault automobile insurance | |
| Broader | automobile insurance, car insurance | insurance against loss due to theft or traffic accidents |
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