Louisville, KY – (WiredPRNews.com) Forty-nine of the 50 states require drivers to carry an auto insurance policy in order to be able to drive legally. The majority of them have what are called tort systems, in which drivers buy liability insurance that covers the cost of damages caused by a policyholder. About a quarter of the states, though — including Kentucky — use an alternative system known as “no-fault.” To assist Kentucky car insurance policyholders in understanding the type of coverage provided in this and other no-fault states, Kentucky regulators have published a guide that gives an overview of the no-fault system and the types of coverage provided in it.
Liability insurance is a type of third-party protection, meaning that the insurer pays out to a person other than the policyholder for damages that were caused by the policyholder. All states with mandatory coverage laws require drivers to carry property damage liability, and most require bodily injury liability.
In no-fault states, though, drivers also must carry a type of first-party coverage called personal injury protection (PIP) coverage. PIP pays to the holder of the policy directly for bodily injury damages, regardless of who caused the accident. Despite this being a required type of protection, though, Kentucky motorists have the right to reject the PIP requirement.
To find out more about Kentucky auto coverage issues, readers can go to http://www.onlineautoinsurance.com/kentucky/ where visitors will find informative resource pages and a quote-comparison generator that can be used to help jump-start the search for a quality policy.
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