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what is no - fault insurance? (1 point) unlimited bodily injury liabili…

Question

what is no - fault insurance? (1 point)
unlimited bodily injury liability mandated by the states to ensure that anyone hurt in an accident has enough resources to recover.
limited property damage liability mandated by the states to ensure that small or frivolous lawsuits filed solely for financial gain are prevented.
unlimited uninsured motorist protection mandated by the states to ensure people looking for financial gain are not posing as pedestrians and intentionally walking in front of cars.
unlimited pip mandated by the states to reduce the number of small and frivolous lawsuits.

Explanation:

Brief Explanations

No - fault insurance typically refers to a system where each party's insurance covers their own losses (like medical expenses for injuries) regardless of who was at fault in an accident. Personal Injury Protection (PIP) is a key component of no - fault insurance. The goal is to reduce the number of small and frivolous lawsuits by having insurance cover basic expenses quickly without the need to prove fault.

Answer:

Unlimited PIP mandated by the states to reduce the number of small and frivolous lawsuits.