Your out - of -
pocket costs of owning a car may increase, thereby potentially negating your savings.
Not exact matches
So in the example
of a
car repair, ideally you're already budgeting for possible repairs, if you
own a home you're budgeting for things that would go wrong, budgeting for speeding tickets, for surprise out
of pocket medical
costs, etc..
If you are seriously and permanently injured in a
car accident caused by someone one else's negligent behavior, you have a right to claim for damages (pain and suffering, out -
of -
pocket expenses, care
costs beyond what your
own insurance company pays, loss
of income beyond what your insurance company pays, etc).
But wait: Kentucky also requires drivers to carry personal injury protection (PIP), which is the part
of your insurance that pays for your
own medical expenses, lost wages and similar out -
of -
pocket costs incurred by an injury in a
car accident, no matter who's at fault.
Most can not afford to pay for those kinds
of costs from their
own pocket, and they will want to have a complete Uptown Memphis
car insurance policy.
If your insurance limits are not enough to cover all
costs, the person driving your
car will likely have to make up the difference with proceeds provided by his insurance carrier or out
of his
own pocket.
If the
cost of the repairs exceeds your insurance limit, you must pay out
of your
own pocket to fix your
car.