Accidents happen, and when they do, you want to be sure that you are prepared for the worst. The good news is that the right car insurance coverage can ease your words and provide you with peace of mind. Understanding car insurance laws in your state can help you protect yourself and your family should the unexpected happen. Our team discusses more below.
Minimum Requirements for Colorado Drivers
Every state has its own requirements when it comes to car insurance. In Colorado, all drivers must have the minimum liability coverage in the following amounts:
- Bodily injury coverage of $25,000 per person. This covers the costs of injury to another person should you be found responsible for an accident.
- Bodily injury coverage has a total maximum per accident of $50,000. Again, this covers the cost of injury-related expenses per accident, should you be found liable.
- Personal property damage of up to $15,000. This will cover property damage done to another person’s vehicle if you cause an accident.
It’s important to carefully consider the amount of liability coverage that you want added to your policy. Oftentimes, the minimum liability amounts are not enough to cover the total damages caused in a more serious auto accident. Make sure to review your policy carefully and determine what you can afford when choosing your liability limits.
Optional Add-Ons to Your Car Insurance Policy
Keep in mind that the minimum liability coverage only covers damages that other people incur as a result of an accident that you cause. If you or your passengers also sustain damages in an accident that you cause, you are on the hook for the expenses out of pocket. The good news is that there other types of coverage that can protect you further:
- Uninsured/Underinsured Motorist Coverage (UM/UIM). This helps cover the costs of medical expenses and other damages should you be hit by a driver without insurance or one that lacks sufficient insurance to cover your total damages.
- Collision Coverage. This covers the costs of damage to your vehicle if you hit objects, such as a fire hydrant, a wall, or another vehicle.
- Comprehensive Coverage. This covers damages caused by events other than accidents, such as theft, extreme weather, natural disasters, or wildlife.
- Medical Payments (Med Pay, or MPC). This helps cover a portion of your medical expenses that result from an auto accident, specifically those involving head trauma.
Need Assistance Filing a Claim? Get Help Today
Being injured in a car accident can be traumatic enough. You shouldn’t have to worry about all the paperwork and deadlines associated with filing a claim with an insurance company that most likely prioritizes its own profits overpaying out claims.
At Larson Larimer Schneider, P.C., our Denver car accident attorneys are here to take this burden off of your shoulders so you can focus on recovering. We have handled thousands of cases and recovered millions on behalf of our clients, and you have our word we will fight hard to help you obtain a favorable outcome, too.
Contact our team at (303) 622-5858 to get started with a FREE consultation!