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For personal injury actions in Kentucky, the statute of limitations is generally only one year from the date of the accident or injury, or from the date the injury was discovered. This is a relatively short SOL compared to other states in the country.
All PIP funds expended are reimbursed to your auto insurance company by the at-fault party's insurance company through a subrogation process handled by the carrier.
Basic PIP provides up to $10,000 per person per accident for medical expenses, lost wages and similar ?out of pocket? costs due to an injury. Higher benefits and deductibles are optional.
All PIP funds expended are reimbursed to your auto insurance company by the at-fault party's insurance company through a subrogation process handled by the carrier.
The insurance industry typically uses the pain and suffering multiplier method. This works by assigning a number to the victim's pain. Depending on the severity of the injury, this can range from 1.5 to five. The insurance adjuster then multiplies that number by the victim's total amount of economic damages.
In general, personal injury claims arising from car wrecks and truck wrecks must be settled or filed in court no later than 2 years after the date of the injury, death or the last payment of no-fault insurance benefits was made to the injured party.
This means liability coverage of $25,000.00 for all claims for bodily injury damages sustained by any one person and not less than $50,000.00 for all bodily injury damages sustained by all persons as a result of an accident, as well as $25,000.00 for all property damage as a result of any one accident.
The personal injury protection law in Kentucky has a tort limitation. That means if you have PIP coverage, you give up your right to recover the first $10,000 in medical expenses, lost wages and other related costs from an at-fault driver.