Louisville, Kentucky…..Instant Online Insurance Quotes

Posted on May 16, 2019May 19, 2019 by Brad Smith

Louisville, Kentucky home to the fastest two minutes in sports

Louisville, Kentucky is known around the globe for being home to the fastest two minutes in sports. Similarly, TruePoint Insurance in Kentucky is known for rapid real-time, online, insurance quotes.

TruePoint, home of the most enjoyable five minutes in insurance

We often find ourselves boasting that our real-time online quotes are the most enjoyable five minutes in insurance. While this may sound like hype, we can support our claim. Typically online quotes are anything but online quotes. If you don’t believe me, go ahead and give it a try. Take the next 10 to 15 minutes of your life and complete the online form. When you have reached the final page, what do you see? Or should I ask, what don’t you see? Probably not a quote.

What makes our quotes different?

Online insurance quotes in real-time — Insurance Quotes:
Online and in Real-Time

You have set your self up for 4, 8, maybe even 12 calls over the coming days. Insurance agents all hoping to give you what the original ad promised; an insurance quote. Why did you go online for your insurance quote?

Convenience, the promise of information at a time that fits into your busy day.
Insurance Agents, If you have ever tried to buy insurance, you get this one.

Odds are, you were trying to avoid talking with an insurance agent. You are going to get pretty frustrated. Now, instead of one insurance agent, there will be a dozen.

TruePoint online quotes recognize your needs and time constraints. When you finish our online form you will have a quote for your car insurance, home insurance or maybe a quote. More importantly, we’ve made the agent disappear.

Ok, so the thing about the agent disappearing is our Hype! But the truth is, the ball is in your hands. To issue a policy you will need to talk with an agent.

What horse won finished first in the 2019 Kentucky Derby?

Ok, maybe we are not as well known as the derby, but we give you real-time home and auto insurance quotes without a Racing Steward. That doesn’t make us the best insurance agency for everyone, but with our customer-focused approach, the number two agent isn’t going to beat us.

While others are spending their time trying to make insurance interesting, we are making every effort to simplify the process by putting information at your fingertips. Instead of trying to make insurance exciting, our client portal places all your important insurance information in one convenient location giving you more time for things that are a little more exciting than insurance.

While some might disagree, we know that insurance is ready for Prime-Time and our clients can attest to that. While others are taking time away from their work or otherwise busy schedule, our clients are interacting with us through our online client portal. While others are watching Dancing with the Stars, our clients are online adding their new car to their insurance policy.

It’s that simple. Our client-focused approach is how we Justify asking you for your business.

Motorcycle Safety Starts With Motorcycle Insurance

Posted on May 14, 2019May 14, 2019 by admin

Fisherville, KY is known for its beautiful weather. Whether you’re visiting or living in the area, you are sure to enjoy any of the four seasons. During the warmer weather, there’s nothing better than exploring Fisherville by taking a motorcycle ride. Regardless of the time of year that you’re riding, though, it’s pertinent to be as safe as possible. TruePoint Insurance is here to keep you as safe as possible when riding your motorcycle, which is why we’d like to share a few safety tips with you.

Always look both ways

Motorcycle drivers and riders have to be extra careful when coming to intersections. Even when all other drivers on the ride are being safe, it’s still quite easy not to see a motorcycle. This is why you as the motorcycle driver should take extra precaution when going through an intersection. Even if you have people behind you waiting to turn or go through, make sure to take an extra second or two to look both ways several times before you go through the intersection.

Get motorcycle insurance

Motorcycle safety also includes having proper insurance. To hold insurance on your motorcycle, you will need to provide proof that you have a legit motorcycle driver’s license or permit. It’s during your training to get a motorcycle driver’s license that you will learn the ins and outs of motorcycle safety.

If you would like to learn more about the many ways you get to stay safe on a motorcycle, make sure to contact TruePoint Insurance serving the Fisherville, KY area. Our agents are ready to keep you safe while meeting all of your motorcycle insurance needs.

No-Fault Insurance

Posted on May 1, 2019May 8, 2019 by Brad Smith

Insurance term, definition, deductible, insurance deductibe, what is a deductible,

How auto accidents are resolved vary by State

State auto insurance systems fall into one of two general approaches. The majority (38 states) operate under Tort laws. Tort law enables wronged parties the ability to seek compensation from the people or parties responsible.

The remaining 12 states use an approach that is referred to as the No-Fault insurance system. No-Fault does not mean that no one is at fault. Providing additional insights into the no-fault system is more of a challenge. In its purest form, no-fault insurance means that regardless of fault, each party or their insurance company are responsible for the loss. A more accurate representation is that each party is required to cover their own losses up to a threshold. The system was initially adopted by 22 states under the premise of reducing litigation cost and ultimately the over cost to consumers.

Kentucky operates under a no-fault insurance system. The Kentucky no-fault process is sometimes referred to as a choice no-fault insurance system. Kentucky no-fault system applies to both personal vehicles as well as business vehicles written on a commercial insurance policy.

Before the wind blows; protect your home and auto from severe weather.

Posted on March 7, 2019March 28, 2019 by Brad Smith

Spring is knocking at the door and with it the rising risk of insurance claims. The number and severity of storms in Kentucky have grown at an alarming rate. The average number of tornadoes in Kentucky over the last five years is 28.7. The annual average going back to 1950 at 14.6 tornadoes per year is roughly one half of the current experience.

Kentucky’s weather is so out of hand. Some have even suggested that we are now part of the infamous Tornado Alley. A 2018 report by LEX18 News said just that.

In 2018 Kentucky was hit by 604 wind and hail storms. Of these, 41 were tornadoes. That is up 43% from the previous five years and an even more alarming 181% from the period 1950 through 2018.

US Government HARP project is commonly considered to be experimenting with weather control

While we cannot change the weather, we can reduce Kentucky home and auto owner’s exposure to it. Insurance is not a commodity. There are some that would like for you to think it is. Good insurance agents recognize the importance of providing clients with the proper protection. That includes responding to ever changing risks.

Storm Alert: Auto insurance awareness

Protecting your car from damages related to storms is simple. Make sure you have comprehensive coverage checked. It provides coverage for vehicles damaged by wind, hail or falling objects.

Every auto on the road must have liability insurance. But the wheels of many high-value and antique cars may never touch the road. Do these vehicles need liability insurance? Maybe not, and they may not need collision coverage either. Let’s stop and think about the next move. Removing comprehensive coverage may not be the smartest move. When insurance is dropped on cars that are not driven, owners are still exposed to Mother Nature. Fire, wind, hail and other risk can still damage the vehicle even when it’s garaged. These risks are compounded during the spring.

Comprehensive coverage is relatively inexpensive. Relative to the potential loss, this coverage can be very cost effective.

Storm Alert: Home insurance Awareness

Each client’s unique needs determine the coverages required. However, there are several considerations that may have severe impact on anyone.

While tornadoes take center stage, it’s the hail storms that lead the way when it comes to losses. While this statement may seem insignificant it has major ramifications on insurance. Total loss or partial loss. Tornado versus hail storm. A good insurance policy needs to work well regardless.

What types of losses will your policy cover? This is critical. If it is available to you, a special peril or all-risk policy is what you want. As opposed to a basic form or broad form, the special option provides superior protection.

You will have the option for Replacement Cost coverage or Actual Cash Value (ACV). All other things being equal, you will receive a higher payment if your policy pays Replacement cost.

Deductibles may seem a bit dull when compared to other areas. You choose $500 or $1,000, big deal.

Not so fast!

Many insurance companies have been forced to alter risk sharing practices. Beware, as some are no longer asking for a set dollar deductible. Instead, you may find that your policy has a deductible that is 1 or 2%. At first blush, it sounds like a pretty good deal for the home team. Again, beware! This 1 or 2% of the total and it’s not the total value of the loss. Your deductible is based on the total value of your home. For example:

A homeowner has wind damaged roof

§ Estimates for the repair work come in at $1,500

§ The home is valued at $600,000

§ There is a 2% wind/hail deductible

The $1,500 loss will be shared by:

§ The homeowner paying $1,200

§ And the insurance company $300

Spring storms bring more than just wind and hail. Heavy rains can lead to various forms of water damage. Be sure to discuss flood insurance and water backup coverage with your insurance broker. Neither of these will be covered by a standard homeowner’s policy.

Spring! It’s a wonderful season and our springs in Kentucky are certainly hard to beat. I think about how much I loved spring as a child. It was by far my favorite season.

As an adult the grandeur has diminished. How wonderful it would be to experience spring through the eyes of child again.

What is keeping me from doing it?

Could it be as simple as the aided stresses of being an adult?

If so, then we should all take the time to review our insurance coverages before the wind starts to blow. This should go a long way in reducing stress.

Take care of the insurance and you’re half way home. Of course the other biggie is your income taxes and there you’re on your own. Have fun!

Call (502) 410-5089 or use the link below to learn more about TruePoint: TruePoint Insurance, we are insuringky.com

Who’s in the driver’s seat? (part 2 of 2)

Posted on December 19, 2018December 19, 2018 by Brad Smith

The Critic’s View

Those opposed to the autonomous car can defend their position by using safety statistics alone. While self-driving autos may be the thing of the future, the future certainly isn’t now.

Proponents may also have a flawed economic model. While they argue that eliminating the driver will reduce the cost so dramatically that car ownership will soon be a thing of the past. Taxi stands will soon be on every corner.

But do we currently have enough taxis, Uber, etc. to meet he need? How many more will be neededto meet the twice-daily rush hour demand across America?

Absolutely no way! In 2012 there were 234,000 taxis in America. That may be enough to address the required cars in Louisville, Kentucky during rush hour.

Assume we do develop taxi fleets across the US that will satisfy our needs. 128 Million people in the US commute to work by car. Does that means we need to add 127 Million vehicles added to our taxi services? Sure ride sharing will cut that number significantly, but you are still looking for 60 to 80 million new cars. The vast majority of those will be used only three or four hours a day. Unused vehicles taking up space in garages and will still be subject to numerous fixed costs. Costs that will quickly eliminate the 70% saving, and may likely lead to a higher price than today’s model. What the proponents are missing is that the actual driver cost isn’t 70% of the current transportation cost. That is unless someone is paying you to set in rush hour traffic!

Besides the safety and cost issues, several more problems need to be addressed. Of greatest concern our Issues that will significantly impact the safety of driverless vehicles as they age, a broader understanding of the risks associated with computer drivers, and who should we point the finger at when things do go wrong. Below are just a few examples ssues that concern me:

• Proponents argue that humans are more apt to err. Lots of stuff including catching the virus of the month can lower our capacity to drive. Oops, computers get viruses too.
o What happens whenthe computer is operating correctly?
o Could a nation ofdriver-less vehicles be immune to a cyber-attack?

• Time in when the shop. My current car has an alert that stays on each winter. It is related to the car’s ability to burn fuel with a higher alcohol level. I know that it isn’t hurting anything and when I get it fixed, it is likely to re-occur. So I wait until spring and it always takes care of itself. My wife’s last car had a low tire level light that went on and off regularly. It was caused because a magnet flew off. I could have spent $85 and crossed my fingers that it wouldn’t happen again or I could visually check my tires if need.

Will computers use the same logic that I do? Or will I walk out to the garage one morning to find that my driverless car drove itself to the garage?

• If you don’t see this one coming, then shame on you. My car is in line waiting for well over an hour to get it’s required quarterly safety and maintenance checkup at the DMV. You think it drove itself there? Of course, it did, but not without you there to pay for your licensing and renewal. Yes, that will eventually become part of the computer’s program, but what happens if your car fails the inspection. If you don’t want to pay an outrageous towing bill, then you better be there to drive the car home or to the nearest Computer Diagnostics and Reprogramming Garage.

• I ’ve, and I am going to be late for the most critical meeting ever. Will the driverless car let me speed? Better yet, we are out in the country for a Sunday afternoon drive when my wife goes into labor. How fast will the car go?

• Car insurance. Who will pay for auto insurance on an autonomous vehicle? The manufacturer? That’s what everyone around me seems to think. But I almost certain they will be wrong. Sure the manufacturer should be on the hook for flawed programming. But I will be shocked if the will accept exposure for your lack of maintenance or a slew of other things that you may do or not do that results in an accident. Will there be multiple policies in place to provide auto liability protection. That certainly doesn’t sound efficient to me. And that leads to another issue…..

• Data. Do you think the government will mandate that manufacturers provide data storage for your vehicle? You bet they will, and I am guessing it will be extreme overkill and wind up looking something akin to an airplanes black box.
o Data on everywhere you go and when.
o But the real issue is whose data is it. Is it yours’, the manufacturer’s, your car insurance company’s, the police, government, Homeland Security……….
• What will happen if you’re driving done the interstate and solar flares begin to impact your computer and those driving all the other cars that are on the highway?
• Cable or Dish…..dish users know that trying to watch TV during a heavy rainstorm is a waste of time. How does the driverless car respond to weather, or construction zones, police officers waiving you around blocked roads, flash floods, and so many more obstacles and hazards that are associated with driving? Maybe these factors have been already accounted for, but these are a few the questions that I will need to have answered before my first ride with HAL.

When will driver-less cars be available to the masses?

I don’t know the answer to that question. If it were up to me I would not subject citizens to any unwarranted risk. Why should we be forced to share the road with autonomous automobiles until they are safer than the average human driver?

People are dying every day that could be given access to drugs not yet approved by the FDA. In many cases, these nonapproved drugs represent the only real hope some have.

Why is our government blocking access to the only hope that these desperate people might have? I don’t know! But I am sure of this! If our government continues refusing dying Americans access to hope, then they damn well better be keeping experimental cars that have a record for higher fatalities, off the roads that my kids are driving.

https://www.insuringky.com/blog/whos-in-the-drivers-seat-part-1-of-2/

Volunteering and Your Car Insurance

Posted on November 28, 2018April 18, 2019 by admin

Volunteer, risk, insurance for volunteers, do i need to insure volunteers, does my insurance protect volunteers Volunteering in your Fisherville, KY community is a good thing; people should do more of it on a regular basis. That said, being charitable doesn’t change the fact that one still needs transportation to get from point A to point B. You’re going to use your car, covered by a personal policy, and it will raise the question where does a consumer cross the line between personal use and liability protection and being part of a non-profit effort or organization? Remember, the private car insurance policy was crafted based on the assumption the driver is traveling for personal use and nothing else. volunteer insurance, auto insurance for volunteers, will commercial insurance cover volunteer autos, are volunteer's vehicles covered by insurnace Regular volunteering is definitely not in that risk assumption and could give a provider a reason to deny a claim when the insurer asks for details leading up to the accident or damage.

Occasional volunteering in Fisherville, KY is not the issue. Risk assumption is based on regular, overall usage of the vehicle. Regular, especially daily volunteer travel, however, is a risk impact and needs to be declared. The usage will be written into a policy update and the risk assumption updated accordingly. This will avoid claims being denied later on for lack of clarification or even raising questions of insurance fraud, a grave accusation of dealing with. Don’t put yourself in that position when helping out your community.

Give the experts at TruePoint Insurance a call and explain the details of volunteer insurance, ky volunteer insurance, ky auto insurance for volunteers, inurance what your volunteering consists of. We will examine your current policy for what can be changed or find a new policy that meets your needs better. Then, you can get back to helping others instead of putting yourself in a bad spot. Give TruePoint Insurance a call today to find out more.

Kentucky Car Insurance; state auto insurance requirements

Posted on October 23, 2018January 28, 2020 by Brad Smith

Kentucky Minimum Car Insurance Limits

If you own and operate a car in Kentucky, you are required to meet certain financial standards. State mandated requirements protect other drivers using Kentucky’s roads and highways..

For almost all of us, this means that we must have an auto insurance policy. Kentucky and all other states require car owners to meet or exceeds certain limits.

When considering car insurance, the first thought of many is how to replace or repair their car in the event of an accident. For this, you would need to have collision or comprehensive coverage in place. While this coverage is important, it is not the insurance coverage mandated by the state.

Because we live in a no-fault state, Kentucky car owner’s are required to maintain two coverage’s :

• Auto Liability Insurance

• No-Fault Car Insurance

Liability Insurance

If you are involved in an accident and found to be at fault, you can legally be held financially responsible. This is why you buy car insurance! Your auto liability policy protects other drivers. Specifcally it provides coverage for bodily injury and/or property damage that results from your actions.

While you may be held reasonable for the full cost of damages, insurance companies will only pay up to the limits declared in the policy.

What does that mean?

It means that we need to ask what will happen if the cost of damages exceeds our auto liability policy limits. Answering that goes well beyond the abilities of an insurance agent or even a claims adjuster. But it seems logical that an inadequately insured auto owner has opened the door to many potential headaches. Including the possibility of significant financial exposure.

Counting calories? Then ordering the minimum size soda and fry at McDonald’s is a wise decision. Using the same logic with your insurance agent may put you on a course for disaster. Before buying insurance, it is essential that you know the state’s requirements.

Kentucky minimum auto liability insurance requirements are as follows:

• Kentucky motor vehicle liability coverage minimum for bodily injury is unchanged.

o $25,000 for bodily injury liability coverage per person

o $50,000 for bodily injury liability coverage per accident

• Kentucky motor vehicle liability coverage minimum for property damages increased 150%.

o Before 1/1/18, the minimum requirement for auto liability property damage was $10,000

o Kentucky auto owners are now required to carry at least $25,000 for claims made against them as result of damaging the property of others

For years Kentucky Insurance minimums for motor vehicles as:

25/50/10

…or…

$25,000 Bodily Injury (BI) per person / $50,000 BI per accident / $10,000 Property Damage (PD)

Today, Kentucky Car Insurance state-mandated minimums are:

25/50/25 …or… $25,000 (BI) per person / $50,000 BI per accident / $25,000 (PD)

WARNING! Many sites continue to post Kentucky’s minimum required auto insurance limits that were in effect prior to January 1st, 2018.

Before asking an insurance agent for the “Cheapest Car Insurance, you got,” consider the following:

• Cheap car insurance more than likely means you are getting the state-mandated minimums.

• How far will those dollars go if you are the cause of a severe auto accident?

• Settlement cost seldom equal medical cost. Why? For one, pain and suffering. If you want an estimate for total settlement cost, a good rule of thumb is to multiple medical bills by 3. If your negligence was the cause of a car crash and the other party sustained $10,000 in medical expenses you are looking at $30,000 to settle the claim. $5,000 higher than the state minimum!

• How far will $10,000 go in an emergency room today?

• How far will the $50,000 per accident limit go if you hit a car with multiple passengers? What if you are the cause of a multiple car collision or if the other vehicle isn’t a car but rather a bus?

• Kentucky has done a great job by raising the required minimum coverages for property damage. But have you priced a new car lately? Better yet, a new truck? What if you cause damage to property other than an automobile? You may someday depend on your auto insurance to cover damages to a building, utilities, infrastructure, or some other non-auto related properties.

Cheap car insurance can cost you in more ways than you realize. Ever wonder how insurance companies come up with an auto insurance premium for you and your car?

Your premium is the result of a number of factors. Every car insurance companies has their own unique formula. Each aimed at helping them attract clients and make a buck too. What you may find surprising is that many companies will penalize you if your current insurance limits are the state minimums. Never buy the state mandated minimum without first considering the cost of better coverage. It’s likely to be less than you think and it will save you in the long run.

In the end, cheap auto insurance may wind up costing you more than you bargained for. Even if you never have an accident! Consider your options, prepare for the worst and be sure that you find an insurance agent the is willing to spend the time to help you through the process.

Insurance

Personal Auto Coverages

Posted on October 3, 2018 by Brad Smith

Most state financial responsibility laws require proof that you are able to pay for any damage or injury you may cause while driving. Auto insurance is the way that most people comply with these laws. Typically compliance only takes liability insurance at some minimal limit that varies by state. Liability coverages include the following:

Bodily Injury Liability – insures against injury that you may cause to other persons. The key is that it involves you being held financially responsible for injuries to other persons because of your driving, your ownership or other use of your vehicle.

Property-Damage Liability – handles damage that you may cause to another person’s property. Again, the coverage only responds when you are financially responsible for such damage and it has to be related to your use or ownership of a vehicle.

Uninsured Motorist Coverage – This coverage typically pays for injury you suffer from an uninsured motorist, underinsured motorist accident caused by a person who has no insurance; a person who can’t be located (“hit and run drivers”); or a person who has insurance but their insurance company is insolvent.

Important: Payment under this coverage is controlled by various laws that dictate what limit or limits must be sold. In some states, you may have an option to reject the coverage. Typically, the rejection must be in writing.

Underinsured Motorist Coverage – Similar to uninsured motorist, it pays for injuries caused by a driver who is inadequately insured. Example: You are seriously injured by someone carrying a bodily injury limit of $25,000, but your injuries are nearly $50,000. Your Underinsured Motorist Coverage limit is $100,000. In this instance, your policy would pay the difference between $25,000 and $50,000.

Kentucky's No-fault Auto insurance system Cars are expensive to buy and repair, providing great reasons for protecting them. If you borrowed money to buy your car, or if you leased the vehicle, the lender or leasing company was likely to make certain that you had coverage to pay for any damage to the vehicle. Below are typical coverages that apply either to the vehicle or to those operating the vehicle:

Collision coverage – This covers damage to your own vehicle that happens when your vehicle runs into another object, such as other vehicles, trees, light poles, mountains, etc.

Other Than Collision coverage – This also covers damage to your own vehicle that is due to sources such as fire, theft, hitting an animal, vandalism, earthquake, flood or hail.

Collision and Other Than Collision coverages are subject to deductibles (the amount a policyowner must pay). They eliminate the need for an insurer having to pay for very minor losses.

Personal Injury Protection or Medical Expense – This coverage typically handles medical expenses for injuries to you, your passengers or people who are “around” you. It may also cover you and your household if you, as a pedestrian or a bicyclist, are struck by an automobile.

Towing and Labor coverage – This coverage is to help pay for your costs to deal with a disabled car. It could help pay for the car to be towed to a service station or for any repair that occurs at the location of the car’s breakdown. Note that this coverage is for labor rather than the costs of car parts. Available coverage is minimal (often $25-$75).

Rental Reimbursement – This coverage reimburses your expense of renting a car as a temporary replacement. The car being replaced must be an insured car that’s unavailable for use because of it being damaged, lost (stolen) or destroyed in a covered loss.

Important: This is merely an introduction to complex policy coverages. Be sure to contact your agent for detailed insurance information.

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Insurance Check-Up: Auto Insurance

Posted on September 9, 2018September 9, 2018 by Brad Smith

As we go about living our lives, insurance seldom crosses our minds. That’s why we buy insurance! Yes, it is. However, what we do and how we live our lives impact our insurance. Getting married, have children, moving are a few examples. There will be no alarm. You will not find a note on your calendar. There may not even be no insurance agent calling to inform you of the need to review your insurance.

There are a few events in life where you will get a friendly reminder to review your insurance. The most obvious; when you buy a new car. Some of you may be thinking that buying a new car shouldn’t trigger an insurance review. The only requirement is that you call your agent and ask them to add your new car to your existing policy. It’s certainly possible that for some, that will suffice. For the rest of us, we are providing an insurance checklist to consider:

Make sure your new vehicle is added to your policy

If you traded in a car, you will need to make sure it is removed from your auto insurance policy.

Your new car may increase your financial exposure if left uncovered. It is important that you review your physical damage coverages, collision and comprehensive. If you didn’t have them on your previous vehicle, you may want to consider it now.

New Car Replacement Coverage: New cars deprecate red to have comprehensive and collision.

New Car Replacement Coverage:

New cars depreciate significantly when you drive them off the lot. That depreciation may impact your settlement in the event of a claim. The best way to avoid this is to add a New Car Replacement endorsement added to your auto insurance policy.

Gap Coverage:

You might find yourself writing a check. If your cars current value is less than the balance on your loan, your insurance may not cover it the difference. You can avoid this nightmare by adding this endorsement.

Return to TruePoint Home Page

Knowledge is King. Be prepared to save money on your next car insurance quote.

Posted on September 7, 2018September 20, 2018 by Brad Smith

When reviewing car insurance quotes, it is critical to consider more than price. Sure price is important. It’s extremely important! But it’s also important to get what you pay for and have protection tailored for your circumstances.

Where to Start

You should start by considering the major components of an auto insurance policy.

Kentucky Auto Insurance

I. Automobile Liability Insurance

Liability insurance reimburses others when your vehicle is involved in an At-Fault. Coverage is assigned to the specified vehicle. This means your insurance will pay when you or any authorized driver are behind the wheel. Auto Liability insurance covers injuries and property damage.

a. Bodily Injury injuries to other individuals

i. per person $25,000 (KY Minimum Limit)

ii. each occurrence $50,000 (KY Minimum Limit)

Before accepting the state minimum you should ask yourself:

· How long will $25,000 last in the Emergency Room?

· How far will $50,000 go if you hit a van or bus and injure several people?

b. Property Damage reimburses others for damages to vehicles or other property.

i. each occurrence $25,000 (KY Minimum Limit)

Again, ask yourself:

· How many cars did you pass on your way to work today worth more than $25,000?

· What will happen if you rear-end someone that leads to chain reaction? What are the chances of $25,000 covering you if your actions total two or three cars? Five cars? Ten?

Higher limits are available. Limits may be increased to as high as $250,000/ $500,000 for bodily injury and $100,000 for property damage.

If you require higher limits:

A personal umbrella policy is a very cost-effective way to transfer excess risk.

II. Personal Injury Protection

or PIP is a product of the No-Fault System. It covers injuries and other related costs for the driver of your vehicle and passengers.

i. each occurrence $10,000 (KY Minimum Limit)

Higher limits are available

III. Physical Damage `

Property Damage coverage for your car

a. Collision

covers your car in the event of a collision with another car or object regardless of who is at fault. If you are at fault, collision coverage reimburses for the cost of restoration. However, the coverage comes with a risk-sharing mechanism known as a deductible. In an At-Fault accident, your settlement will be reduced by the amount of your deductible. If you are not at fault you will be reimbursed by either the at fault parties insurance or by your insurance. In either case, when you are not the party at fault you will not be required to pay a deductible.

b. Comprehensive coverage

protects your vehicle from risk out of your control. Also referred to as “other than collision,” this coverage protects against Mother Nature. Exposures such as wind, hail, hitting a deer or a falling tree are examples of covered causes of loss. The policy goes beyond covering “Acts of God” by also insuring your car from fire, theft, and vandalism.

IV. Uninsured (UIM) and Underinsured Motorist (UNIM)

coverage is also tied to the No-Fault Insurance System. Used in only 21 states, it covers the insured when the AT-Fault Party isn’t insured or doesn’t have enough insurance.

UIM and UNIM are optional coverages, that help pay medical bills and/or the cost to repair your vehicle. This coverage is utilized only when the other parties insurance is insufficient. Coverage limits tied to and capped at the same limit as your auto policies liability limit.

Do you know the percent of uninsured drivers in Kentucky?

Over 15% of Kentucky’s drivers are uninsured. It gets worse, as the number of underinsured drivers is significantly more. It is critical that you consider how UIM and UNIM coverages may impact you.

V. Other Coverages

Include items such as:

Towing

Rental Reimbursement

Loan Gap

New Car Replacement

OEM Endorsement

The above list, while secondary, may include coverages important to your auto insurance. We highly recommend that these, as well as the other car insurance coverages that we have discussed, be reviewed with a licensed insurance professional.

The old adage, ” a penny wise and a pound foolish” must have been first spoken by an insurance agent. The old English saying proclaims that it is rather foolish to save a penny today when it will cost you a dollar at some point down the road. Prudent counsel.

Would you expect to receive that kind of advice today? NO!! What we get today is more along the lines of naming your own price. WHAT!!! Yes don’t bother to worry about managing your risk, just tell us what you want to pay. Our computer will carve up, water down, and eliminate the coverages this best way it can. The end result certainly isn’t a tailored insurance policy, but it does come at the price you want.

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