Z1 Boat and Truck Accident

[Joeprunc]

Kentucky is a no fault state...? WTF!! So you can just run into someone and just say sorry and drive away?

[chpthril]

Kentucky is a no fault state...? WTF!! So you can just run into someone and just say sorry and drive away?

not really. It means that your insurance pays for your damages and the other driver's pays for theirs. Is only in regards to who's insurances pays and doesnt have anything to do with be at fault and getting written for a traffic violation. A lot of states are no-fault.

[Timmy!]

Some states No-Fault was only in regards to the medical portion of the bill, at least it was that way in Colorado. So if you got into an accident and were injured, your insurance paid for your medical bills and if someone hit you, their insurance still paid you for the damages.

[NHarp1]

Found out KY no fault was in regards to medical coverage. My insurance would have to cover MY MEDICAL injuies. The person at fault in this case insurance pays for my comprehensive boat damage. However; his GICO insurance was only up to 50,000 dollars. My truck is totaled at 25,000. Waiting for the results of the boat. I hope it is totaled so I do not have to deal with the repair nightmares. I think it needs a new hull. Is this something Tige deals with 0r sends a new hull to a repair company or does Tige repair at their plant? More to follow.

[Paublo]

Keep in mind that I believe the $50k limit is net, so if there is a total of say $10k salvage from the truck and $20k from the boat, they can pay out $80k.

[Timmy!]

I think the states need to raise that limit now considering the cost of cars/trucks these days.

[chpthril]

I think the states need to raise that limit now considering the cost of cars/trucks these days.

Low limits is the trade off for states require some sort of coverage. Also, the insurance Co's would fight that because thats an selling point for having the higher limits and adding on Un/Underinsurance.

[Timmy!]

The insurance companies would actually make more. If you now have to have $75k in coverage, they just raise the rate. Not like they are going to give you the same rate for $75k that they did for $50k.