Take a good look at Mr. Empty Pockets. He doesn’t have money to buy insurance for his car. That doesn’t stop Mr. Empty Pockets from driving, however. He drives his car all over town without a care in the world. Even though it is illegal for Mr. Empty Pockets to drive his car without insurance, he doesn’t have money for insurance, so he drives anyway. No big deal right?
Well, Mr. Empty Pockets doesn’t let a little thing like the law keep him from driving. And, why should he worry? Mr. Empty Pockets sounds like a very responsible and law abiding citizen. Guess what happens when Mr. Empty Pockets causes an accident and hurts someone? He doesn’t have any money or insurance to pay for the damages he caused.
If your car isn’t insured with full collision coverage, you are left with paying for the property repairs or purchasing a newer car if the damage is total. If you do not have Uninsured Motorists Coverage and you are injured, you are left paying for your damages out of your own pocket. Excess medical expenses above $10,000, lost wages, and any pain and suffering you endure are all borne by you and not Mr. Empty Pockets.
Can you sue Mr. Empty Pockets to recover the amounts you are owed? Of course you can. However, Mr. Empty Pockets doesn’t have money for insurance. It is highly unlikely that he has money to pay you out of his empty pockets. If your damages are high, his ability to pay you is even less likely. Without Uninsured Motorists Coverage you bear the full brunt of Mr. Empty Pockets decision to drive without insurance.
Uninsured Motorists Coverage is mandatory in Kentucky. It must be offered by any insurance company doing business in Kentucky. You can decline the coverage if you chose, but it must be signed by you in writing. Don’t reject this coverage. Often, in order to reduce monthly premiums, insurance agents will advise you to decline this coverage, saving you some money on your premiums. Don’t reject this coverage. The amounts that you save on insurance premiums are nothing compared to the damages you are likely to incur when hit by an uninsured driver.
Uninsured Motorists Coverage is insurance you purchase for yourself to protect you from irresponsible and law breaking jerks like Mr. Empty Pockets. You can’t force Mr. Empty Pockets to follow the law or buy insurance, but you can make sure that you are protected from jerks like Mr. Empty Pockets. Never reject Uninsured Motorists Coverage. If you have rejected it in the past, contact your local agent and request it be added to the policy. It’s piece of mind against expensive and harmful damages caused by jerks like Mr. Empty Pockets.