Which option best defines "No-Fault" coverage?

No-Fault coverage is defined as a type of insurance that pays for damages without assigning fault to any party involved in an accident. This means that individuals can file claims and receive benefits from their own insurance company, irrespective of who caused the accident. This approach streamlines the claims process and is intended to reduce the need for lengthy legal battles over liability.

In the context of automobile insurance, No-Fault laws are designed to provide prompt medical benefits and minimize the costs associated with litigation. This coverage typically extends to medical expenses, lost wages, and other specific types of damages, thereby ensuring that individuals receive assistance soon after an accident occurs, regardless of fault.

The other options fail to capture the essence of No-Fault coverage. For example, while coverage for serious accidents or limitations to personal injuries may apply in some contexts, they do not encompass the broader definition that includes coverage for all accidents without assigning fault. Additionally, coverage requiring an investigation is contrary to the principles of No-Fault coverage, as its primary purpose is to avoid the delays and complexities of determining fault.