If you're driving in Kentucky, you must have liability insurance, as well as basic no-fault personal injury insurance coverage; otherwise, you risk being fined and losing your driver's license and plates.
The minimum requirements for liability insurance are $10,000 for property damage and $25,000/$50,000 for bodily injuries. Drivers may opt for the "single limit" plan that covers liability of $60,000. The no-fault personal injury insurance will pay up to $10,000, regardless of who caused the accident.
What is No-Fault Insurance?
Under no-fault personal injury insurance coverage, you will be compensated for up to $10,000 of your out-of-pocket expenses, regardless of who was at fault for the accident; however, under no-fault insurance coverage, your right to sue, as well as the right of the other party, is limited.
You can avoid these limitations by rejecting no-fault insurance coverage. To do so, you must file a special form with the Kentucky Office of Insurance. Obtain the form from your insurance agent, company, or the Office of Insurance itself.
For More Details Visit www.dmv.org/ky-kentucky/car-insurance.php
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