New Car Insurance Kentucky KY

Reader’s Question:

My father has just bought a new car, which is actually his second car in a way that he doesn’t know if he is going to avail a new Car Insurance. Does he need to avail a new one or it can be added to his present car insurance here in Kentucky?

Ryan

Fayette, KY

Car Insurance here in Kentucky is not complicated especially when you buy a new car. You just need to inform your car insurer whether the new car is a replacement of the old one or an additional car and if you are not able to inform them in a desired time you might lose your coverage. Either way, before you do anything else you have to at least read and understand your car insurance policy so that you will be able to know the possibility whether a new car could be included in your policy.

The new car you just bought has a possibility that it is automatically included to your policy but with certain limitations. Usually, an additional car will have the same coverage as the first one that is insured. But if you already have two cars which for example the first one has the Liability Coverage and the second car with Liability, Collision and Comprehensive Coverage and suddenly you have bought another car, the new and third car will automatically have the same coverage with the second car. And if you bought a new car as a replacement for the old car, of course the car insurance coverage that you had from the old one will automatically be passed to the new car.

Tags: auto liability insurance, car, car insurance, collision coverage, comprehensive coverage

Classic Car Insurance Kentucky KY

Reader’s Question:

Is there a separate car insurance policy that I can get here in Kentucky for my classic car or will I just get coverage from a regular car insurance policy?

Harvey

Fayette, KY

A lot of money can be invested on your classic car and this type of vehicle increases in value. So in order for you to protect your classic car, you need to get a special type of auto insurance in Kentucky. This would be the “collector auto insurance” and this one is usually offered in a policy apart from the coverage you have for your everyday car use. No matter which year your classic car was manufactured, getting a special car insurance coverage has conditions that should be followed for your vehicle to be insurance under a classic car insurance coverage.

Majority of car insurance providers want the classic car to be in good condition and be garaged in a completely covered and protected place, Your classic car also needs to be at least 19 years of age and should be mostly used in car shows, club events, etc. Even though intermittent driving is allowed, the classic vehicle should not be used as a main or everyday use vehicle. Also, even as classic car insurance coverage is rather reasonably priced, the protection given would be very exclusive to the vehicle. Another thing you have to be aware about classic car insurance is that most insurers regulate the mileage of the car from 1,000 to 5,000 miles annually.

Tags: car, car insurance, car insurance policy, classic car

Car Insurance Liability Coverage Kentucky KY

Reader’s Question:

I live here in Kentucky and I only have the minimum liability coverage for my car insurance. If I get involved in an accident in another state that needs higher minimum coverage, do I have to pay the remainder?

Malaya

Louisville, KY

If you have the minimum auto liability insurance that Kentucky requires and you get tangled in an auto crash in another state that needs higher minimum liability coverage, your policy would certainly rise to sustain the minimum coverage requirement of that other state. For instance, in Kentucky, the minimum auto liability coverage is 25/50/10 and you get involved in an accident in another state that has higher minimum liability coverage requirement. In this case, your car insurance would stretch without a doubt to meet the other state’s minimum coverage. This increase could be beneficial particularly if you cause a huge total of property damage.

You’re located in a “no-fault” state which means that your insurer should pay for the bodily injury damages regardless who caused the accident. But no-fault states also let their citizens to take legal action against someone from other states following a car crash. For instance, in Kentucky, you’re capability is constraint to sue for damages. You have two options once you are purchasing car insurance — “full tort” or “limited tort.” Limited tort means that you can’t sue another citizen of Kentucky for loses except if you’re gravely injured and your medical bills go beyond a specific minimum total. In this case, insurance costs are lower; however, you give in your right to sue. Although you would have the right to sue whatever the costs of the damages, full tort has higher premiums.

Tags: auto liability insurance, car insurance, car insurance premiums

Car Insurance Claims Kentucky KY

Reader’s Question:

I feel like I made a mistake in fighting my car insurance company here in Kentucky about the cash value of my totaled car. We agreed to have arbitration on this matter; can I bring a lawyer with me?

Samson

Lexington-Fayette, KY

If the discussion with you and your car insurance company in Kentucky about the value of your totaled car does not take you anywhere, you can either go through arbitration or litigation. Arbitration is method for resolving objections that is less of a hassle real court case which is litigation. The decision in arbitration can be non-binding which means that you could make a decision to take the matter to court if you are still not pleased.

A car insurance professional warns that arbitration, even if it is less expensive and time-consuming than a court case, has bigger chances to go in favor of the car insurance provider. You may have difficulty fighting over through arbitration since car insurance providers have more experience in going through with it. Arbitrators constantly deal with insurers and this means that they are not apt to get the insurers steamed. You could definitely take a lawyer with you to arbitration and this can add to the chances of agreeable results for you. However, prior to making a decision on taking the matter up to court, you have to reflect if fighting over to get more money for your totaled car will be worth it.

Tags: car insurance, car insurance claims, car insurance company