Do You Need No Fault Auto Insurance in Kentucky?
Reader’s Question:
I am from Lexington-Fayette, Kentucky, and I heard that Kentucky is a no fault state. But what exactly is a no fault insurance?
Max
Lexington-Fayette, KY
Max, you are right. Kentucky is indeed a no fault state. So, this means that auto insurance policies there are a bit different than the standard ones that work in other states. Presently, there are 12 states that are no fault. These states are New Jersey, Hawaii, Kansas, Florida, Minnesota, North Dakota, New York, Pennsylvania, Michigan, Kentucky, Massachusetts and Utah. But there are three states that are under a choice no fault law and where you are right now, Lexington-Fayette, Kentucky, is among them along with New Jersey and Pennsylvania.
What this means is that the motorists have a choice to reject the lawsuit threshold and just retain the right to sue in court for any injuries that are involved in any vehicular accident. What you have to take note of is the nature of the no fault insurance system because no fault auto insurance is in fact misunderstood widely. No fault auto insurance is just a system that makes it compulsory for the drivers to carry insurance for their own protection, but at the same time it limits the capability of the drivers to sue the other parties or drivers for damages. By law, the no fault system makes your auto insurance companies pay for your damages, which have to be within your policy. The company would cover the payments regardless of who was at fault in the accident that the driver has involved himself in. The other drivers who are involved are going to be covered by their own insurance companies.
The good thing about this is that you are guaranteed immediate medical attention, and it also lowers the legal fees. Actually, there is still a lot more to know about this. Just ask around.
Is Kentucky Auto Insurance Program Offering SR22 Insurance?
Q: What is the Kentucky Auto Insurance Program, and can I get my DUI SR22 through it?
A: The Kentucky Auto Insurance Program is a program for people who have trouble finding a company which will sell them insurance, in many cases SR22 insurance. People who can’t find insurance can join the assigned risk pool by filling out an application, and the AIP will then give their application to a participating company. All car insurance companies who are license to sell insurance policies by the state of Kentucky are required to participate in the Auto Insurance Program.
You can get any kind of SR22 coverage through the AIP, but the prices will be higher, so you should only submit an application there if you cannot get insured otherwise. In order to qualify to join the AIP pool, you have to have been rejected by an insurance company within two months of your application, and be able to provide proof that you have been rejected, so you have no choice but to do some shopping around first.
Since you are getting SR22 insurance, remember that there are some time constraints. If you apply to join the AIP pool, it takes about 15 days for you to actually get insured.
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