If you’re in the market for Landlord Insurance in Lexington Kentucky or the surrounding areas, you should, by all means, contact Pathway Insurance right now!

Call 800-998-0662 during the work week up until 6 PM Eastern Standard Time!

You can also speak with one of our online licensed agents seven days per week by using our chat system, or if you prefer, simply send us a quick request using our online information quote system by using the links below based on the type of quote you need:

• Lexington Kentucky Landlord Insurance – Single-family up to four units
• Apartment Building Insurance Lexington Kentucky
• Strip Mall Insurance Lexington Ky
• Office Building Insurance Lexington Ky
• Lexington Ky Warehouse Insurance
• Vacant Property Insurance Lexington Ky (commercial and real estate investors only)
• Landlord Insurance Lexington Kentucky – All Other Areas

Landlord Insurance Lexington Ky — What You Should Know About Your Coverage Part Two.

As was mentioned in a previous article, certain types of claim events were never designed to be covered by insurance. That being said, it’s essential for one to be quite familiar with what’s covered, but most importantly what is not covered!

As an agency, we like to use stories to depict certain circumstances or events involving claims and whether or not such a claim would be covered.

Some of our stories are based on our actual experiences in our agency though they are certainly modified, with names being changed to avoid embarrassing individuals.

No one wants to look foolish, yet we have run across many individuals in our years of experience in the business that have caused themselves much financial anguish because of activity that led to claim denials.

Landlord Insurance Lexington Kentucky — Scenario One Background Part Two

Let’s now take time to catch up with Richie Lionheart.

After winning a large settlement against an organization for what appeared at the time to be a life-threatening injury from which he has now fully recovered, Richie is a wannabe real estate investor.

Richie invested a significant amount of capital to learn how to become a real estate pro, starting off with a get rich quick real estate course he found late at night while watching an infomercial.

Fast-forward three months: after his real estate boot camp concluded and a second, more advanced boot camp was offered immediately after the first for an additional $19,000 fee, Richie now receives one-on-one coaching from other real estate professionals directly and is ready to attend his first auction on November 1^st.

Richie, along with five other investors, were bidding on a property being auctioned due to foreclosure. Richie’s real estate coach advised him not to enthusiastically bid on the properties, and be willing to walk away if the deal doesn’t sound right.

Richie completely forgot his coaching, though, and outbid the other four investors by more than $10,000 on the property being auctioned off. The other four real estate investors shook their heads at the rookie mistake.

The bank was happy with the offer and accepted.

Richie now owned a duplex and was handed the keys with an opportunity to inspect the property.

The duplex needed far more work done than Richie imagined. After three different contractors provided him estimates on the work, he called his real estate coach and told him about the estimates.

We will pick up what happens next in our next post.

Landlord Insurance Lexington Kentucky — Super Fast Quotes!

Working with a specialist is better than working with a generalist when it comes to looking for the best deals on Landlord Insurance in Lexington Kentucky and the surrounding areas.

No matter if you invest in single-family residential units, apartment buildings, office buildings, strip malls, warehouses, or even if you own vacant commercial buildings or real estate for rental, Pathway has got you covered!

Call 800-998-0662 Monday through Friday up until 6 PM EST.

You can also speak with one of our online licensed agents seven days per week by using our chat system. Or, if you fancy, send us an online request using one of the links below based on the type of quote you need:

• Lexington Kentucky Landlord Insurance – Single-family up to four units
• Apartment Building Insurance Lexington Kentucky
• Strip Mall Insurance Lexington Ky
• Office Building Insurance Lexington Ky
• Lexington Ky Warehouse Insurance
• Vacant Property Insurance Lexington Ky (commercial and real estate investors only)
• Landlord Insurance Lexington Kentucky – All Other Areas

What Is No-Fault Automobile Insurance?

In theory no fault insurance is supposed to limit the number of lawsuits filed for automobile accidents. There are three different categories of no fault insurance laws. You have pure no fault laws, modified no-fault laws, and add on no-fault laws. The state in which you reside will dictate the specific no fault insurance laws. Let’s examine no-fault insurance in Kentucky.

No Fault Insurance in Kentucky, How Does It Work?

No-fault insurance laws in Kentucky require the first $10,000 in medical expenses, lost wages, or other expenses to be paid by your insurance company and not the responsible party who caused the accident. Please note that Kentucky no fault insurance does not cover property damage. So in other words if someone slams into your car, and you are not injured but your vehicle is damaged, the other responsible parties insurance will pay for the damage to your vehicle!

If you are injured with relatively minor injuries, your insurance will pay up to $10,000 subject to any deductibles that you may have chosen. No fault insurance in Kentucky is referred to as Personal Injury Protection.

No-Fault Insurance in Kentucky Limits Your Ability to Sue for Injuries.

Please note the specific no-fault Kentucky law in regards to lawsuits:

If you have No-Fault coverage, your right to sue the at-fault party is limited unless your injury involves a broken bone, permanent disfigurement, medical expenses over $1,000, permanent injury, or death. With these injuries that exceed the No-Fault thresholds, you retain your right to sue for pain and suffering and expenses not included by No-Fault coverage

If you suffer an automobile accident in Kentucky and your medical expenses exceed $1000 you can pretty much feel free to sue the pants off responsible party! (A trip to the emergency room could likely be more than $1000.) There is one dark side to no-fault insurance laws.

It’s Very Difficult to Find Cheap Car Insurance in Kentucky

Insurance companies typically pay out more money in claims under no-fault insurance laws compared to non-no-fault insurance laws. What that means to you when you buy Kentucky car insurance is a higher insurance bill compared to your neighbors to the north. (Drivers in Ohio may pay up to 40% less than Kentucky drivers.)

If You Need Car Insurance in Kentucky Contact 513-662-7000 or use our online Kentucky Automobile Quote System