The problems experienced by car accident victims trying to recover for medical bills, lost wages, and other harm are real. One of the most frequent problems encountered by lawyers is a lack of sufficient insurance to cover a victim's damages. Without sufficient insurance, victims can suffer financial hardship and suffer permanent disability.
The Kentucky Motor Vehicle Reparations Act (MVRA) requires every auto insurance policy in the Commonwealth to included $10,000 in "basic reparation benefits" otherwise known as "No-Fault" or "PIP" benefits. An injured party's insurance policy must pay those benefits irrespective of fault. The problem is that $10,000 covers only the most minor injuries today. The concurrent problem is that many drivers only have the minimum auto coverage ($25,000 in liability) or are uninsured completely.
You cannot rely on other drivers to maintain adequate insurance. Thankfully, the MVRA provides mechanisms that allow to you take measures to protect yourself. The first protection is called "added reparation benefits" (ARB). Those benefits allow you to increase your No-Fault benefits by up to $40,000 and are relatively inexpensive.
In addition to ARB, Kentucky requires auto insurers to offer you uninsured motorist coverage, which they often package with underinsured motorist coverage.
You may have $500,000 or more in liability coverage for the benefit of other persons injured by you. Y ou should have at least as much coverage for yourself and your family members for injuries caused by someone else's negligent driving.
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