This office lease clause describes the allocation of risks. The parties desire to allocate certain risks of personal injury, bodily injury or property damage, and risks of loss of real or personal property by reason of fire, explosion or other casualty, and to provide for the responsibility for insuring those risks as permitted by law.
Connecticut No Fault Clause refers to a provision in the state's automobile insurance laws that pertain to car accident claims and the allocation of financial responsibility. It essentially stipulates that each driver involved in a motor vehicle accident is responsible for their own medical expenses and related damages, regardless of who was at fault for the accident. Under the Connecticut No Fault Clause, individuals injured in motor vehicle accidents are required to seek coverage from their own insurance provider, also known as Personal Injury Protection (PIP) coverage, to cover their medical bills and other accident-related expenses. This clause aims to ensure that injured parties receive immediate medical attention and financial support without the need to determine liability or rely on lengthy legal proceedings. Connecticut offers two types of No Fault coverage options: "Basic Reparation Benefits" and "Additional Reparation Benefits." Basic Reparation Benefits (BRB) include coverage for medical expenses, rehabilitation costs, and lost wages up to a specified limit. Additional Reparation Benefits (ARB) provide extended coverage with higher limits for more severe injuries, such as disabilities, disfigurement, and wrongful death. The No-Fault Clause in Connecticut also imposes certain limitations for individuals seeking compensation through lawsuits. In order to be entitled to sue and seek damages above the threshold set by the No-Fault system, the injured person must meet certain criteria, commonly known as the "serious injury threshold." This threshold requires individuals to have sustained significant and permanent injuries, loss of a bodily function, permanent or serious disfigurement, or death. It is important to note that the No-Fault Clause in Connecticut only applies to motor vehicle accidents and does not limit liability in other types of personal injury cases, such as slip and falls or medical malpractice. Understanding the Connecticut No Fault Clause is crucial for drivers in the state, as it determines how insurance claims are handled, the coverage available, and the potential legal options for seeking compensation after a motor vehicle accident. It is advisable for individuals to review their insurance policies and consult with legal professionals to fully comprehend the extent of their rights and obligations under this provision.
