Car insurance can be expensive, and many people resent spending hundreds of dollars for protection that they might not ever even need. You might wonder why anyone would spend extra money on adding additional coverage to their policy.
For example, many people purchase uninsured and underinsured driver coverage to expand their liability policies in Kentucky. Why do drivers choose to pay more to protect against the irresponsibility of others?
Drivers who can’t afford insurance may not have assets to pursue
If someone without a policy active on their vehicle causes a collision, uninsured driver protection and pay for your medical losses and property damage costs. On the surface, it may seem silly to pay for insurance when you could just make a claim against the driver who caused the wreck.
However, if someone does not have the financial resources to pay for car insurance, they may not have enough assets or income for you to receive anything from them even if you do successfully sue them.
Many drivers carry the lowest amount of insurance they can
Both those on a budget and those who resent mandatory expenses may try to keep their insurance costs as low as possible. Many drivers have only the bare minimum coverage as required by Kentucky state law.
If you are the only one hurt in a crash and the other driver has minimal coverage, that might mean just $25,000 for medical costs and lost wages and another $25,000 coverage for all of your property damage losses. Carrying extra insurance can help cover your cough after another driver causes a crash that hurts you or damages your vehicle.