What is No-Fault Insurance primarily designed to provide?

No-Fault Insurance is primarily designed to ensure that individuals receive compensation for their injuries and damages without determining fault in an accident. This means that regardless of who caused the accident, the policyholder can claim benefits for medical expenses and lost wages from their own insurance company.

This structure aims to streamline claims and reduce litigation arising from disputes over fault, facilitating quicker access to essential benefits for injured parties. The intent is to help individuals recover more efficiently from accidents, alleviating the burden of proving liability in every case. By focusing on indemnification without regard to fault, No-Fault Insurance simplifies the process of getting help after an accident.

The other options reflect misconceptions about the nature of No-Fault Insurance. Coverage may extend past just the insured's own injuries or apply in cases of theft, but that does not capture the essential purpose of No-Fault Insurance. Similarly, limited coverage based on fault would contradict the fundamental aim of providing a no-fault system.