Cars are today’s most common form of transportation, here in the U.S. and in the rest of the world. In 2013, the number of registered passenger cars in the U.S. was almost 129 million, while the total number of vehicles (passenger cars, motorcycles, trucks, buses, and other vehicles) was 255.8 million.
Increase in the number of passenger vehicles only means increased purchasing power of the American people – a sign of economic growth. These increases, however, also hints on the likelihood that the number of automobile crashes every year will remain to stay above five million and statistics on injuries and fatalities, more than two million and more than thirty thousand, respectively.
Each time an accident occurs, a victim naturally gets preoccupied with worries regarding the possible sources of money until he/she is able to get back on his/her feet. This is due to the unexpected situation he/she is thrown in: loss of income resulting from days off from work, cost of treatment medical treatment that needs to be settled and cost of property damage. It becomes worse if the accident were due to his/her fault as this will mean having to compensate injured victims (good if he/she resides in a no-fault state and carries a no-fault auto insurance coverage as this will mean compensation will be paid by his/her insurance provider, including compensation that will cover his/her own losses.
No-fault auto insurance coverage requires insurance companies to compensate their own policy holders even if they were the ones at fault in accidents. This is basically what makes the no-fault insurance coverage different from the tort or fault system, where auto insurance providers rather compensate the innocent accident victim and where the at-fault driver may be sued by the victim if the compensation paid by his/her insurance provider is not enough to cover the full amount of damages (suffered by the victim). Currently, the no-fault car liability insurance coverage is required in the states of Florida, Michigan, New York, Hawaii, Kansas, Massachusetts, Minnesota, North Dakota and Utah (though the states of New Jersey, Pennsylvania and Kentucky used to require drivers to carry a no-fault insurance coverage, they now allow drivers to choose which coverage they will carry: no-fault or tort insurance coverage).
According to an Indianapolis car accident lawyer, car accident victims in many states often find it very difficult to get a fair settlement from insurance companies after a crash. Regardless of their coverage or insurance policy, insurance companies are almost always reluctant to give them the full amount of money that they legally deserve. To make matters worse, some drivers have insufficient insurance to cover their liability; some others do not have coverage at all. In any of these situations, an experienced auto accident attorney may be the best and only hope victims have in recovering compensation.