What is uninsured and underinsured motorist coverage?

I was in a Colorado car accident; what is uninsured and underinsured motorist coverage?

Uninsured and underinsured motorist coverage may be critical in a Colorado car accident. Uninsured and under insured motorist coverage is your protection in situations in which the other driver has no insurance or their insurance coverage isn’t enough. Generally, these are inexpensive to add to your policy, and will protect you in a Colorado car accident if the other driver is negligent and their insurance is insufficient. In any event, if you have suffered serious injuries, consult a Denver car accident attorney.

Benefit of Uninsured/Underinsured Coverage

If, for example, the negligent driver’s policy covers only $30,000 and there’s $70,000 in damages and medical bills, it’s going to come up short. It’s possible that you can contact a Denver car accident attorney to sue the negligent party directly, but winning a lawsuit might not mean much if you get a judgment in your favor but the defendant has no assets.

If you’re carrying underinsured or uninsured motorist coverage, your insurance company is obligated to pick up the difference. Occasionally, it becomes necessary to sue your own insurance company to recover damages. In these cases, an attorney can work with you to obtain financial compensation for your accident if the other party’s negligence was the cause.

It’s important to remember that your insurance company will examine the accident the way another party’s insurance company might during your lawsuit. They will examine your own role in the crash to mitigate their financial responsibility.

Denver Car Accident Attorney Can Help With Uninsured Motorist Claim

When it becomes necessary to file suit against your insurance company for damages from a Colorado car accident, you will likely need professional legal help. A Denver car accident attorney from The Law Firm of D.J. Banovitz can help you recover financially. Please take a look at our book 7 Costly Mistakes That Can Ruin Your Colorado Injury Claim for important information and call today for a free consultation at 303-300-5060.