• Injured? Contact Us Injured? Contact Us
  • E-mail
View Our Practice Areas

Understanding uninsured and underinsured insurance

Colorado residents who want to make sure that they are adequately protected in the event of an accident should take the time to have an understanding of all types of automotive insurance available to them. This includes not just standard liability, collision or comprehensive coverages but also uninsured motorist coverage and underinsured motorist coverage. While the names of these two options are similar, they are distinctly different.

WalletHub indicates that in Colorado, drivers are not required by law to carry uninsured or underinsured motorist insurance but the option is always available. Many neighboring states also do not require such coverage for drivers.

According to the Insurance Research Council, in 2012 it was estimated that one out of every eight people on the road were driving without motor vehicle insurance. In some parts of the country, the uninsured figure was believed to be as high as 25 percent of all drivers. As explained by 360 Degrees of Financial Literacy, uninsured motorist coverage is intended to help compensate people for injuries or damage they sustain in a collision caused by another driver who is one of those that chooses not to purchase automobile insurance. It essentially acts like the liability insurance that the at-fault driver should have actually had.

Underinsured motorist coverage, on the other hand, kicks in when an at-fault driver has the required minimum levels of insurance but when those minimum levels are not sufficient to compensate people for the full amount of their injuries or damages. It is a form of insurance that fills gaps left when people carry only minimum amounts of insurance.



No Comments

Leave a comment
Comment Information
  • American Bar Association
  • American Association for Justice
  • CTLA  Colorado | Trial Lawyers Association
  • Lead Counsel | LC | Rated | Lead Counsel Rated Attorney
  • Featured on The Law | Personal Injury

Call us at 303-952-0703 to schedule a free initial consultation.

Main Office
50 S. Steele St.
Suite 875
Denver, CO 80209

Map & Directions

By Appointment Only
121 S. Tejon St.
Suite 1107
Colorado Springs, CO 80903

Map & Directions

By Appointment Only
2 N. Cascade Ave.
Colorado Springs, CO 80903

Map & Directions

By Appointment Only
155 E. Boardwalk Dr.
Suite 400
Fort Collins, CO 80525

Map & Directions

By Appointment Only
1155 Kelly Johnson Blvd.
Suite 111
Colorado Springs, CO 80920

Map & Directions