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.
The Bronx, New York, No Fault Clause is a legal provision that affects motor vehicle accident claims in the Bronx, a borough of New York City. This clause, also known as the "No-Fault Law" or "No-Fault Insurance," was implemented to streamline the process of compensating accident victims by providing them with immediate monetary benefits, regardless of who caused the accident. Under the No-Fault Clause, individuals involved in car accidents in the Bronx are entitled to certain benefits, including medical expenses, lost wages, and other necessary expenses resulting from the accident. These benefits are provided by the injured person's own insurance company, regardless of fault or negligence. This means that even if you caused the accident, you are still eligible for these benefits through your insurance policy. The primary objective of the Bronx No Fault Clause is to ensure timely compensation and medical coverage for accident victims, reducing the burden on the courts and allowing injured individuals to receive necessary medical treatment without extensive delays. This system is especially beneficial for minor injuries, as it allows victims to access medical care promptly and without waiting for fault determinations or litigation. While the main provisions of the Bronx No Fault Clause are the same for all accident victims, there may be variations in the specific benefits provided based on the severity of injuries sustained. Some key types of Bronx No Fault Clauses are: 1. Basic No-Fault Benefits: These benefits typically cover medical expenses, lost wages, and necessary expenses up to a specific limit set by the insurance policy or the law. 2. Additional No-Fault Benefits: In severe cases, where injuries surpass the basic benefits' coverage, additional benefits may be provided. These can include extended medical benefits, extended lost wage benefits, and increased coverage for necessary expenses. 3. Excess No-Fault Benefits: Certain insurance policies offer excess no-fault benefits, which provide further coverage to individuals with medical expenses exceeding the basic no-fault benefits. It is crucial to note that while the Bronx No Fault Clause provides essential benefits, it does not absolve individuals from legal liability in case of negligence or fault. In cases where damages exceed the no-fault benefits, victims have the right to pursue a personal injury claim against the at-fault party for additional compensation. Understanding the Bronx No Fault Clause is crucial for all residents and visitors of the Bronx to ensure they are aware of their rights and entitlements in the event of a motor vehicle accident. It is advised to consult with an experienced attorney specializing in personal injury law to navigate the complexities of the Bronx No Fault Clause effectively and receive the maximum benefits available.The Bronx, New York, No Fault Clause is a legal provision that affects motor vehicle accident claims in the Bronx, a borough of New York City. This clause, also known as the "No-Fault Law" or "No-Fault Insurance," was implemented to streamline the process of compensating accident victims by providing them with immediate monetary benefits, regardless of who caused the accident. Under the No-Fault Clause, individuals involved in car accidents in the Bronx are entitled to certain benefits, including medical expenses, lost wages, and other necessary expenses resulting from the accident. These benefits are provided by the injured person's own insurance company, regardless of fault or negligence. This means that even if you caused the accident, you are still eligible for these benefits through your insurance policy. The primary objective of the Bronx No Fault Clause is to ensure timely compensation and medical coverage for accident victims, reducing the burden on the courts and allowing injured individuals to receive necessary medical treatment without extensive delays. This system is especially beneficial for minor injuries, as it allows victims to access medical care promptly and without waiting for fault determinations or litigation. While the main provisions of the Bronx No Fault Clause are the same for all accident victims, there may be variations in the specific benefits provided based on the severity of injuries sustained. Some key types of Bronx No Fault Clauses are: 1. Basic No-Fault Benefits: These benefits typically cover medical expenses, lost wages, and necessary expenses up to a specific limit set by the insurance policy or the law. 2. Additional No-Fault Benefits: In severe cases, where injuries surpass the basic benefits' coverage, additional benefits may be provided. These can include extended medical benefits, extended lost wage benefits, and increased coverage for necessary expenses. 3. Excess No-Fault Benefits: Certain insurance policies offer excess no-fault benefits, which provide further coverage to individuals with medical expenses exceeding the basic no-fault benefits. It is crucial to note that while the Bronx No Fault Clause provides essential benefits, it does not absolve individuals from legal liability in case of negligence or fault. In cases where damages exceed the no-fault benefits, victims have the right to pursue a personal injury claim against the at-fault party for additional compensation. Understanding the Bronx No Fault Clause is crucial for all residents and visitors of the Bronx to ensure they are aware of their rights and entitlements in the event of a motor vehicle accident. It is advised to consult with an experienced attorney specializing in personal injury law to navigate the complexities of the Bronx No Fault Clause effectively and receive the maximum benefits available.
