Verified Document

New Jersey Offers Choice No-Fault Insurance Research Paper

Related Topics:

Risk Management and Insurance -- New Jersey's Choice No-Fault Insurance What is no-fault insurance and what states have no-fault insurance?

No-fault insurance is very much what it sounds like it is: when a driver is insured with No-Fault insurance and has an accident, the insurance company pays for the damages no matter who is at fault. This eliminates the need for a driver whose car has been damaged by another driver to fight with the other driver's insurance company. There are twelve states that offer No-Fault insurance (including New Jersey). Choice No-Fault is very different.

Choice No-Fault insurance is offered in New Jersey, Kentucky and Pennsylvania; "Choice No-Fault" means that the automobile owner has a choice; he or she can go with the state's No-Fault policy, or go with traditional insurance. If the driver does go for traditional car insurance that means he or she can file a liability claim or sue another driver.

In New Jersey (not in Kentucky or Pennsylvania) when a driver takes the "No-Fault" route, he or she can go to court and sue only in certain situations: a) when the accident results in "dismemberment, significant disfigurement or significant scarring"; b) when there are "displaced fractures"; c)...

There…

Sources used in this document:
Works Cited

Allstate. "No-Fault Car Insurance: Required and Optional." Retrieved February 10, 2015,

from http://www.allstate.com. 2012.

Insure.com. "The Most and Least Expensive States for Car Insurance." Retrieved February

10, 2015, from http://www.insure.com. 2012.
Ryskamp, Dani Alexis. "New Jersey No-Fault Auto Insurance Laws." Nolo. Retrieved February 10, 2015, from http://www.all-about-car-accidents.com. 2010.
Basic Auto Insurance Policy." Retrieved February 10, 2015, from http://www.state.nj.us.
Cite this Document:
Copy Bibliography Citation

Related Documents

Healthcare Spending by the New York State
Words: 3674 Length: 10 Document Type: Term Paper

Healthcare spending by the New York State persistently surpasses its earnings. That difference continues to be expanding and is also anticipated to broaden unless of course there happen to be severe, continuous modifications in spending budget actions. Lieutenant Governor Richard Ravitch, in "A 5-Year Strategy to Deal with the State of New York's Spending budget Deficit" released during March 2010, approximated this structural disproportion within the state's spending budget to

City Life in Boston and New York
Words: 1430 Length: 5 Document Type: Term Paper

1. What the City Observatory demonstrated in its quantifiable mappins Boston: The City Observatory reports that the Boston-Cambridge-Quincy metropolitan region includes 2,715 storefronts in its core. Although these storefronts are distributed throughout the Boston-Cambridge-Quincy area, they are primarily clustered around the waterfront urban core area of Boston. This number of storefronts places the Boston-Cambridge-Quincy metropolitan region in league with other American cities such as Los Angeles, Chicago, New Orleans and Philadelphia. New York: By

Dealing Effectively With Organizational Change
Words: 8797 Length: 20 Document Type: Research Proposal

Factors that affect an organization's capacity and willingness to change need to be examined and exploited. Organizational culture, which is a set of shared values and assumptions that are followed by the members of an organization, plays an important role in affecting the attitude of an organization to change. If an organizational history has been unwelcome to change in the past, it is highly unlikely that an organization will be

Nature of a Company's Asset
Words: 14899 Length: 48 Document Type: Research Proposal

While the first chapter was brief, it is important to explain what will be studied and then move forward into the literature review. In Chapter 2, the literature review provides a review of academic literature by way of journals and textbooks. This information is placed into separate sections which allow for ease of understanding. An introduction is made to capital structure, and information is given on the Indian capital structure

Strategic Resource Management Hewlett Packard Enterprise
Words: 4914 Length: 15 Document Type: Essay

Activity 1: Human Resource Management (HRM) HP Corporate Objectives Profit: Recognizing that profit constitutes the single most effective measure of the organization's contributions to the community, in addition to being the most basic source of business strength. Attaining maximum possible levels of profit in line with other business goals is the aim. Striving for constant advancement in company offering (i.e., services and products) quality, value, and utility (Hewlett-Packard, 2016). Field of Interest: Focusing efforts

Person Gives Another Person Some Property for
Words: 2497 Length: 7 Document Type: Essay

person gives another person some property for safekeeping, that results in a bailment (Sullivan & Sheffrin, 2003). The bailor transfers the property to the bailee, and physical possession of the property must be taken for this legal relationship to occur. This is a common law relationship, and is not a gift or a contract for sale (Sullivan & Sheffrin, 2003). In other words, the bailor is not giving the

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now