After a car accident, one of the most stressful ordeals is being hit with medical bills that you can’t afford to pay. The situation can be even more frustrating when you did nothing wrong yet you were injured because of another negligent or reckless driver’s actions. What are your options in situations when you are injured in an accident caused by another driver?
Colorado is a fault state, meaning that the insurance company of the at-fault driver will be responsible for paying your damages up to the driver’s policy limit. Each state has minimum requirements for liability coverage. In Colorado, drivers are required to have:
The minimum amounts for car insurance coverage in Colorado are as follows.
$50,000 for bodily injury or death
$15,000 in property damage per accident
$25,000 in bodily injury or death per person
Note that this is just the minimum required, and many drivers opt to get more. If your total damages exceed the at-fault driver’s policy limits, you may be able to file a personal injury claim against the individual.
Keep in mind that the insurance company will probably offer you an initial settlement that is much less than what you deserve and need to heal. It can be tempting to accept the first offer you see, especially if they make it seem like it’s the best you’re going to get.
However, if you take a settlement that is lower than your total damages, you may be left with out-of-pocket expenses when the money runs out. A few of the medical expenses you want to think about for the future include:
Health insurance deductibles and co-pays
Doctors visits and hospital fees
Costs of surgeries and x-rays
Physical therapy costs
Costs related to lost wages
Any costs for ongoing treatment
Before you accept a settlement offer or even before you speak with the insurance company, it is crucial that you hire an attorney who can calculate your total past, present, and future damages and negotiate on your behalf, should the insurance company offer you a lowball settlement.
With over 60 years of combined legal experience, Klein Frank knows what it takes to help our clients receive full and fair compensation from the insurance company. Our firm is committed to upholding justice and providing each client with a unique legal strategy that is tailored to their individual situation.
Whatever the circumstances of your car accident, please do not hesitate to reach out to us today for a free case review and legal advocates in your corner. While the insurance company will be looking out for its own best interests, we will be looking out for yours.
We are here to help you during these trying times. Contact our firm at (303) 622-3876 to get started on your case today.