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Every state preserves differing auto insurance laws. Most states require drivers to have two forms of liability insurance: bodily injury and property damage. Hawaii auto insurance regulations are no different, requiring minimum liability limits of $20,000 per injured person and a total of $40,000 per accident. The property damage minimum is $10,000. This is often referred to as 20/40/10 coverage. Although their insurance laws are similar to the rest of the nation, their method of handling accidents is different. Hawaii operates under a “no fault system” rather than a “tort system.” Most states have a tort system, which means someone must be found “At Fault” for the accident and that person and their insurance company are required to pay for all damages. In Hawaii, your insurance company will make payments to cover your injuries/damage, regardless of fault. Each method has its advantages and disadvantages, but here are a few of the strengths of the no fault system.
The no fault system significantly reduces the number of legal proceedings which occur. The goal is to lower the costs of insurance premiums by avoiding the expensive litigation over the causes of accidents and to quickly pay out for accidents. In this case the victim's insurance only pays out a claim and the driver-at-fault's insurance company pays both the claim and charges a high insurance premium because they are now considered a higher risk. By avoiding lengthy processes to determine who is at-fault, quicker payments can be made. Filing claims can be an arduous and frustrating process and this eliminates the wait.
If you are, by chance, at fault for the accident, no-fault insurance relieves you of responsibility for the other driver's injuries/damages. You may think this is unfair if you are the victim, but if you consider that it relieves you of any hassle regarding court or legal fees, it may be an equal exchange. In the long run you could potentially save thousands avoiding all the extra fees that follow a claim.
The no-fault system certainly has various limitations as well. Many feel that the system does not punish negligent drivers adequately. Furthermore, it runs the risk of over compensation in some cases. However it does offer the advantages of quicker payments for both parties. The no fault system only precludes that consumers should be selective with Hawaii auto insurance and not try to skim on cost. Your plan covers all of your costs and you should make sure to invest in the best possible plan you can afford.
What else can I help you with?
What states have at fault auto insurance?
currently 11 states and Puerto Rico have "no-fault" insurance. New York, New Jersey, Michigan, Pennsylvania, Florida, Hawaii, kansas, Kentucky, massachussetts, minnesota, North Dakota and Utah.
Are the Hawaiian islands a fault zone?
Yes, there is fault down the middle of Hawaii.
Are there any insurance companies in Ontario that sell no fault insurance?
No-fault insurance generally refers to the individual working with their own insurance company, despite who may have been at fault for the accident. In Ontario, the Ontario Auto Insurance sells no-fault insurance.
What the disadvantages and advantages of monitoring and control system?
it checks on an error and it will solve the fault by it's self
Can your insurance premiums be raised in a tort liability system if you are not at fault?
Doubt it. Contact policy services for your company, or your states dept. of insurance.
If you were in an accident with no insurance and it was not your fault but the other car at fault has insurance and was issused a ticket will there insurance company pay you or the bank?
The at-fault party's insurance should cover your vehicle. EVEN THOUGH OUR INSURANCE HAD RUN OUT BY AMONTH?
Are you still at fault if the other person does not have insurance?
Yes, If the accident was your fault, then it is your fault. Whether or not they have insurance has nothing to do with who's at fault, or who actually caused the accident.
What happens if you have no insurance and the other driver is at fault in South Carolina and the driver at fault does have insurance?
You will be cited for driving without insurance and the other driver being at fault, him and his insurance are still liable for damages.
Where can one find information on no fault insurance?
One can find information on no fault insurance when one contacts insurance brokers like Mitchell and Whale Insurance Brokers. They will explain to one the benefits and the catch of no fault insurance.
what is the best automobile insurance?
No-fault insurance
If you hit someone with no-fault insurance will your car be fixed?
The problem with no fault insurance is that fault is usually assigned thus making no fault insurance an incorrect statement. Your collision coverage is where you would make the claim in this situation.
Why is it your fault if you have no collision insurance?
Fault is determined by who committed a driving infraction, not who has insurance. If you have no collision insurance, you are responsible for the damages to your own vehicle unless another driver is determined to be at fault.
