Kentucky Accident Information

MSN reports on an insurance industry study that warns that 1 in 6 won’t be covered by the end of the year.  According to one analyst; “When you see a multi-car collision on the freeway … if there’s more than three or four cars there, at least one of them is likely to be uninsured.”  Apparently, motorists are choosing to drop their coverage to offset tough times due to the economic recession.

According to law enforcement officials and insurance industry representatives, “dropping your auto insurance is one of the worst steps you can take.”  “Uninsured motorists face legal fees, fines (and)penalties, including a suspended license,” said Elaine Zeinner, a spokeswoman for AAA.”

Liability insurance is mandatory in Kentucky, but that doesn’t mean that everyone has it. As the article suggests many chose to break the law and forgo buying insurance to cover them in the event they cause an accident. Not only does this subject the person to criminal charges, but it is financially ill advised.  Injuries received in car accidents can result in thousands of dollars of damages. Many people simply could not afford to pay those damages out of their own pocket.

What can you do to protect yourself in the event you are injured by an uninsured driver? Purchase uninsured motorists (UM) coverage through your own insurance company. This coverage protects you in the event you are injured by someone who is driving without insurance.

In Kentucky UM coverage must be offered by your insurance company.  However, you can reject this coverage in writing. Often Kentucky citizens will reject the coverage to save a few dollars a month in premiums off their insurance bill. This is not wise. As the article suggests, by next year 1 in 6 drivers will likely be uninsured. Don’t rely on someone else. Protect yourself. Check your policy and make sure you have UM coverage. If not contact your agent and request it.