Nevada No Fault Clause

State:
Multi-State
Control #:
US-OL25072
Format:
Word; 
PDF
Instant download

Description

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.

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FAQ

Nevada is not a no-fault car insurance state. This means that your Nevada car insurance premiums might be a bit lower. However, if you suffer injuries in a car accident caused by a negligent driver, you will likely need to file a lawsuit to recover compensatory damages.

Collision coverage in Nevada covers all costs of repairing your vehicle that exceed your deductible, and not for any medical expenses. In the event that the costs of repairing your vehicle exceed its value, collision coverage will pay you the fair market value of the vehicle (less your deductible) instead.

Nevada law requires that you exchange insurance information with the other driver, even if you are not at fault. If you do not have insurance, you must provide the driver with sufficient information to contact you. REMEMBER: Even if you do not have insurance, you can still collect damages from the at-fault driver.

Nevada Law: Insurance Companies Cannot Raise Premiums When You Make a UM/UIM Claim. When you've been hit by another driver who doesn't have insurance or who ran away from the scene, you might be concerned that filing a claim with your own insurance can drive up your rates.

In a no-fault claim, the parties are not required to prove any party's blameworthiness to resolve the claim. In contrast, parties to a fault-based claim must prove a party was at fault to prevail on the claim.

No Pay, No Play: Car Accident Damages Limited for Law-Breaking Drivers in Nevada. Nevada lawmakers passed the No Pay, No Play law to limit an uninsured driver's ability to recover non-economic damages, even if he or she wasn't at fault for the car accident.

If you cause an accident and don't have insurance, you're personally liable for 100 percent of the other party's damages. While an insurance company might have stepped in to pay the damages, you must pay the other driver out of pocket because you don't have insurance.

Auto insurance after an at-fault collision in Nevada A serious accident like an at-fault crash will stay on your insurance record for up to three years.

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Nevada No Fault Clause