Imagine paying for vehicle damage and medical expenses after a car accident without the assistance of insurance. This situation can easily occur if your insurance policy does not cover auto accidents with uninsured or underinsured drivers. Colorado motorists should be aware of the best ways to protect themselves in an uninsured world, including contacting a Colorado motor vehicle accident attorney.
Many Colorado Drivers Don’t Carry Adequate Insurance
Different sources over recent years have estimated the percentage of uninsured motorists in Colorado to be anywhere from 11.5 to 30 percent. Regardless of the exact rate, there are a substantial amount of accidents in the state each year involving uninsured and underinsured drivers. Even though all Colorado drivers are required by law to have auto insurance, some drivers have allowed their policies to lapse, while others choose to disregard the law and drive without insurance.
Protect Yourself With Uninsured and Underinsured Motorist Coverage
Luckily, just because you are in an accident where the at-fault driver is without adequate insurance doesn’t mean you will be responsible for personally paying all of your bills. Colorado insurance companies are required by the state to offer both underinsured motorist (UIM) and uninsured motorist (UM) coverage in every new or renewal auto or motorcycle policy. At a minimum, the amount offered must be equal to the “bodily injury liability limits” of the primary policy purchased.
If consumers choose to waive this coverage it must be done so in writing. If you choose to go without such coverage you are taking a big financial risk. If you only carry collision or comprehensive insurance, your policy won’t cover losses if an at-fault driver failed to carry enough/any insurance. These expenses could be substantial.
Consult With an Attorney
If you or your loved one was recently in an accident with an uninsured motorist, contact a Colorado motor vehicle accident attorney. An experienced lawyer can review your insurance coverage and help you pursue compensation for your injuries and other damages.
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