MLchartDataset catalogue

No-fault (PIP)

Term · Insurance and risk management · MLC-T-INS-002311

A system of auto insurance where each driver's own insurance company pays for their medical expenses and lost wages after an accident, regardless of who was at fault. Personal Injury Protection (PIP) is the coverage that provides these benefits. This system aims to reduce litigation and expedite claim payments for injuries.

Table 1. Record
IdentifierMLC-T-INS-002311
FieldInsurance and risk management
SubjectPersonal Lines
AbbreviationPIP
Record as JSON 
{
  "id": "MLC-T-INS-002311",
  "term": "No-fault (PIP)",
  "field": "Insurance and risk management",
  "definition": "A system of auto insurance where each driver's own insurance company pays for their medical expenses and lost wages after an accident, regardless of who was at fault. Personal Injury Protection (PIP) is the coverage that provides these benefits. This system aims to reduce litigation and expedite claim payments for injuries.",
  "abbreviation": "PIP",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/no-fault-pip/"
}

Record 2,284 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.