Getting into a motor vehicle collision or crash can have a dramatic impact on your life. In addition to the potential damages to your vehicle and derailing of your schedule, you could suffer serious injuries that leave you with medical bills. In some cases, you could end up so badly hurt that you may not be able to return to work for some time.
You might assume that if you pay your vehicle insurance policy on time, you will always have protection from financial losses in the event of a collision. However, that simply isn't the case. Your insurance policy protects you from liability if you cause damage to someone else's property or injure another person. If the other driver causes the crash, his or her insurance has to pay for the costs. If the individual is not insured, you could end unable to file an insurance claim.
Too many Kentucky drivers don't have insurance
According to the Insurance Information Institute, roughly 11 percent of Kentucky drivers did not have insurance at any given time in 2015. That means that approximately one in 10 people on the road do not have insurance. If one of those drivers causes a crash with you, there may not be any insurance policy to cover your financial losses.
Colliding with an uninsured driver can leave you without coverage for damages to your vehicle, your medical expenses and any lost wages that result from the crash.
Many other drivers don't have enough insurance
The minimum liability coverage that motorists must carry on their vehicles in Kentucky can still leave major gaps in coverage. The lowest amount of coverage a driver can legally have is only $10,000 of property damage coverage, $25,000 worth of bodily injury or death coverage for one person, and $50,000 for bodily injury or death to two or more other people in a crash. It's easy to see how the expenses in your crash could exceed those amounts.
Even used cars typically cost well over $10,000 to replace. Repairs can often exceed that much, especially if there is extensive body damage and a paint job required. Medical expenses can rapidly mount in the wake of a crash. Emergency transportation, surgery, trauma care and rehabilitation services can all add up quickly.
Consider your options to protect against losses in a crash
If you have not gotten into a crash with an uninsured driver, consider adding a special rider to your personal policy that protects you against crashes caused by uninsured and underinsured drivers. These riders extend coverage to damages that would get covered by another insurance company after a collision.
If you have already incurred expenses related to a crash caused by an uninsured driver, you may need to consider a personal injury lawsuit against that driver to recover your losses.