MONDAY, MAY 24, 2021
Along with 48 other states, Kentucky requires all registered drivers to carry auto insurance. But simply getting insurance is not enough, for the law also imposes mandatory minimum coverage requirements on all drivers. If you don’t have at least this coverage, then you will face penalties when you get caught.
Therefore, because you must have auto coverage in Kentucky, don’t hesitate to get it. It’s a greater benefit that you might even realize, particularly when it comes to the extensive costs related to accidents and countless other hazards. 
Who must buy coverage?
Kentucky law recognizes that driving is dangerous. It also has instituted an at-fault traffic accident system. Under the law, drivers who are responsible for causing accidents are obligated to pay both for their own vehicle damage and the damage they did others (I.e. other drivers) and their vehicles. This helps settle accident costs both from an insurance standpoint and if the case goes to court.
Because the state mandates that you must pay for damage you do to others through your driving mistakes, you must also buy appropriate insurance coverage to ensure that you are able to meet this requirement.
The mandatory benefit required of nearly all Kentucky drivers is called liability insurance, and you should assume that you must purchase coverage unless you are granted a (very rare) exemption to drive without coverage. Coverage requirements exist for standard drivers and others like commercial drivers, motorcyclists, RV owners and classic vehicle operators.
Liability insurance covers damage done to third parties, like other drivers, when an accident is the insured driver's fault. It can help you prevent costly blows to your personal finances. Therefore, both you and others involved can move on from the accident in stable positions.
What coverage do you need?
Kentucky insurance policies must contain at least the following coverage:
-
$25,000 bodily injury liability coverage per person
-
$50,000 bodily injury liability coverage per accident
-
$25,000 property damage liability coverage
You can choose to replace these split limits with a combined single limit (CSL) liability policy worth at least $60,000. However, you cannot buy a policy that is worth less than these minimum limits.
Keep in mind, most drivers can and should increase the limits of a basic liability policy. The more protection you have, the less you stand to lose following a costly car wreck. Plus, you can and should augment your benefits with further coverage like collision insurance, comprehensive damage insurance, uninsured motorist coverage, medical payments, roadside assistance and similar options. Though these extra perks aren’t required by law, they will still be instrumental in helping you get the most optimized auto insurance for your overall needs.
No Comments
Post a Comment |
Required
|
|
Required (Not Displayed)
|
|
Required
|
All comments are moderated and stripped of HTML.
|
|
|
|
|
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only.
It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional
in your state. By using this blog site you understand that there is no broker client relationship between
you and the blog and website publisher.
|
Blog Archive
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
|