Whose insurance pays for a rental car after you’ve been in a car crash in Kentucky?
The other person’s insurance does, but your insurance might be faster. Let’s talk about each option.
1. File through the other person’s insurance
If you file through the other person’s insurance, you need to know which insurance carrier they have. This means that you usually have to wait at least 72 hours to get a police report, then call the other person’s insurance company and set up a claim.
The other person’s insurance company won’t agree to pay for a rental until they speak with their driver. This can take anywhere from a couple hours to a couple weeks.
If the other insurance accepts the claim, they are technically only required to pay for “loss of use”, not for a rental. However, they will usually pay for your rental until they have made a “reasonable” settlement offer. Once they have made a reasonable settlement offer, they will not pay for any additional rental, and you will be responsible for any more charges.
A lawyer can make sure that the rental provided fits your needs, and is provided for an appropriate time. However, you should be sure to start car shopping right away if your vehicle is a total loss.
2. File through your insurance
It is often faster to get a rental through your insurance company. They also tend to let you keep the rental car longer.
However, there’s one big issue – the amount you pay for insurance over time will likely increase.
Here’s the truth – while Kentucky has a regulation that prevents insurance companies from raising your rates because you were in a crash that wasn’t your fault, there’s nothing that prevents the insurance company from canceling discounts (for being accident-free) or adding surcharges.
This means that most of the time, your rates are going to increase if you are in a wreck. Getting a rental isn’t going to make that increase greater, and the increase will happen regardless. If you need the car NOW, then going through your insurance company is probably the smarter move.
Again, a lawyer can speed up this process and make it smoother. If we are hired to represent you for an injury claim, we will handle your property damage claim for free.
Things move fast at the beginning of a car wreck. We can help you cut through the noise. Contact us today for more information. (270) 599-0642.