If you’re injured in an accident because of another driver in Colorado, you expect not to be on the hook for your own medical expenses, lost wages, and other damages. After all, you did nothing to cause the crash, so why should you be responsible for paying anything out of pocket? The answer is that you shouldn’t be.
Unfortunately, there may be some situations where an at-fault driver lacks sufficient coverage to pay for your damages. Below, our team explains more about car insurance requirements in Colorado and your options if you are injured by an uninsured or underinsured motorist.
Under Colorado’s fault laws, those who are injured in accidents caused by other negligent drivers are able to recover by filing a claim with the at-fault driver’s insurance company. The state requires all drivers to have minimum liability coverage in the form of:
Liability coverage is meant to cover the costs of another person’s damages should the insured driver cause an accident that results in bodily injury, death, or property damage. With liability coverage alone, the insured driver cannot recover damages for an accident he or she causes. This driver would be responsible for paying all of their related damages, including medical expenses, lost wages, property damage, and more.
Motorists who are caught driving without the minimum car insurance in Colorado may face certain legal penalties, including license suspension, jail time, a $500-$1000 fine, and points on their driving record. Additionally, providing false information about one’s insurance is considered insurance fraud and may result in up to three years in jail and $100,000 in fines.
Driving without insurance is more common than many people realize. According to the Insurance Information Institute (III), over 16% of all drivers in Colorado did not have auto insurance in 2019. Even if a driver does have the minimum liability requirements, it is often not enough to cover the total expenses they incur as the result of a serious accident, especially one involving multiple injured parties.
In these situations, uninsured/underinsured motorist (UM/UIM) coverage can be extremely beneficial. This is an extra type of coverage that you can add onto your own auto insurance policy in order to protect yourself from certain unexpected events. There are a few different situations where you may be able to utilize your UM/UIM coverage, including:
If you have been injured in a car crash in Colorado, you should not hesitate to contact an attorney at Klein Frank, P.C. to ensure that your rights are protected. We know from experience that insurance companies will go to any means necessary to deny or undervalue claims that come their way in order to protect their own profits.
Backed by 60 years of experience, our team is not afraid to stand up for the rights of real people who have been wronged. We are willing to fight for as long as possible to obtain a favorable outcome on your behalf while you take the time you need to recover.
Contact our team at (303) 622-3876 to get started with a free, personalized case review!