insurance limits in Kentucky

A friend and fellow blogger recently had to purchase auto insurance. Previously, he had been a listed driver on his parent's auto policy. He asked me to explain my understanding of the term "minimum limits". I explained to my friend that in Kentucky the minimum limits are the following
$25,000 per person for Bodily Injury and $50,000 per occurrence for bodily injury and $10,000 for property damage liability. If he is involved in an auto accident and is at fault the insurance company may have to pay up to the following:
If there were severe injuries in the other car and for example both occupants were seriously injured, then the insurance company may face the exposure of paying up to $25,000 per person in the other vehicle with a maximum of $50,000(for injuries only) for this one accident. The driver of the other car who was not at fault may able to collect up to $10,000 for property damage depending on the severity of damage and cost of repair. My friend was glad to know that when he purchased his auto policy he would receive a premium based on a credit for proof of prior insurance for the past 6 months. Since he was a listed driver on his parents policy and the policy had been in forcer for 6 mos, he was able to secure a lower premium. Many companies may increase the premium if you have not had auto coverage for the past 6 months. The Watts Team is always available to answer insurance related questions. We are not lawyers and we do not give out any legal advice. We suggest that you consult with your own attorney for any legal questions.One of our favorite sources of Kentucky Law Information is a Kentucky Law Digest prepared by Woodward Hobson Fulton for AM Best. Here is the link to the Kentucky Law Summary it is in PDF Format. We are not sure the last time it has been updated. Dick Watts Insurance 12200 Shelbyville Road Louisville Kentucky 40243 (502) 245-3625. Remember we work for you!