The no-fault insurance system is one that people love to debate in New Jersey. You may be one of those who wish lawmakers would do away with it, which is understandable since no-fault insurance rates in the state are quite high. Not having to have personal injury protection can lead to huge savings. Plus, you may argue that whoever causes an accident should be the one to pay for it, as that seems fair.
However, those who prefer the no-fault system have some convincing arguments of their own for keeping the system in place. Here is a look at three of those arguments.
- It provides good coverage for you
While you may have traditional health care insurance that could pay for your injuries from an accident, according to Forbes, this is not always enough. If your injuries are severe enough, you may face problems returning to work. PIP includes disability, so you do not have to worry about coverage. This is a nice perk of a no-fault system that provides for you right away after an accident without long waiting periods.
- It frees up courts
Because the court does not have to deal with the multiple accidents occurring every day and can focus on the most serious accidents, it frees up the court’s docket. This means less time if you do end going to court. It also saves on expenses of trials and other court-related costs.
- It eliminates the long process of trying to prove fault
It is not always obvious who is at fault in an accident. Even you may not be 100% clear on what happened. Recreating an accident and trying to figure fault can take a long time. In the meantime, you are left trying to deal with the damages while you wait for a fault decision. With a no-fault system, you do not have this problem.