How Does Car Insurance Work?
Most drivers know they are required by Kentucky law to carry certain types and amounts of car insurance before taking their vehicle out on the road. Most also assume having insurance means if there is ever an accident, they’re covered.
Sadly, this is not typically the case. In fact, a lack of understanding about how car insurance works after an accident has occurred can actually cost injury victims substantially.
For this reason, we have gone into further detail below about the state’s minimum car insurance requirements, the key details you need to know about how auto insurance works after an accident and how the guidance of an experienced Kentucky car accident lawyer is vital to a favorable outcome.
Kentucky Car Insurance Requirements
All drivers in Kentucky are obligated to carry minimum amounts and certain types of auto insurance coverage. These include:
- $10,000 per person in personal injury protection (PIP) coverage
- $25,000 per person, $50,000 per accident in bodily injury liability coverage
- $25,000 in property damage liability coverage
These are just the minimum amounts of coverage. Many drivers will decide they want extra protection and increase their limits. Besides the standard bodily injury liability and property damage liability coverages, drivers are also encouraged to cover one or more of the following types of auto insurance coverage:
- Roadside assistance
- Rental car coverage
- Medical payments
- Uninsured motorist bodily injury liability coverage
- Underinsured motorist bodily injury liability coverage
- Gap insurance
How Car Insurance Affects Your Settlement
A significant detail surrounding your claim is the fact Kentucky is a no-fault state for car accidents. This is why you are required to carry personal injury protection. You’ll be filing a claim with your own insurance company in order to be compensated for your losses.
This makes it easier to see why it’s so important to be mindful when selecting your auto insurance policy limits. The insurance company is only required to settle up to the maximum limits of your policy. So if you only had the minimum amount of bodily injury liability coverage ($25,000), but your medical bills alone exceeded this amount, you must seek alternative options for financial recovery.
Or maybe you have the minimum amount of property damage liability coverage ($25,000), but your brand new 2021 Ford F-150 is now totaled, costing significantly more to replace than your auto insurance policy allows for.
In cases where your losses exceed the limit of your policy, you may be able to recoup these damages by pursuing your claim in civil courts. Your lawyer can give you a better idea of what you can expect from your auto insurer after carefully reviewing the details of your case.
Get Help from a Lawyer
If you’ve been injured in a car accident and the thought of dealing with the insurance company is already giving you a headache, contact a qualified lawyer at Wilt and Thompson, PLLC.
Schedule your free, no-obligation consultation when you call our office at 502-253-9110 or complete the online contact form we have included at the bottom of this page.