Colorado Underinsured Motorist Insurance  

While Colorado law requires all drivers to carry minimum amounts of liability insurance, these levels may not be enough to pay for serious third-party injuries. Underinsured motorist coverage can help bridge the gap between the at-fault driver’s liability limits and your accident-related medical expenses.

What Does It Cover?

Underinsured motorist coverage is designed to help when you’re involved in an accident with an at-fault driver whose insurance limits aren’t high enough to cover your injury-related medical costs. This coverage may be distinguished from uninsured motorist coverage.

Uninsured motorist coverage, on the other hand, can help pay for your accident-related medical expenses when the at-fault driver does not have liability coverage at all. Sometimes, underinsured and uninsured motorist coverage may be sold together.

No matter how it’s sold, uninsured/underinsured motorist coverage doesn’t handle property damage, so it’s crucial to have collision coverage to help pay for your vehicle repairs after an accident, regardless of fault.

Is It Required?

Colorado does not require uninsured/underinsured motorist coverage. Insurers must offer this coverage in an amount equal to your bodily injury liability limits, but you can choose lower coverage limits or decline the coverage.

Why Is This Coverage Important?

Colorado’s minimum auto insurance requirements may not be enough to cover the full costs of a major accident. Underinsured motorist coverage can help ensure you’re not left with significant out-of-pocket medical expenses after an accident caused by someone with inadequate liability coverage.

Learn More

Don’t let another driver’s lack of coverage put your financial stability at risk. Contact our team to review your current auto insurance and get a quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.