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Protecting Yourself Before an Accident
As personal injury attorneys, we deal with a lot of individuals involved in motor vehicle accidents. When most people start “shopping” for motor vehicle coverage, they often are trying to save 15% in 15 minutes or trying to find the cheapest deal. Saving money is a good thing, but not when it comes to your own protection.
When reviewing your own insurance coverage make sure you have two things: med-pay coverage and a high UM/UIM policy. The Colorado Legislature recently passed a law that requires all insurance companies to provide a minimum of $5,000.00 in medical payments (or med-pay) unless it is specifically waived by the insured. This provides anyone injured in your vehicle a free benefit for medical expenses up to $5,000.00 and the law doesn’t require the driver to subrogate or “pay back” anyone for this benefit. It is important that you do not waive this coverage.
Good UM/UIM coverage is also invaluable to any insured on the road. UM/UIM coverage stands for Uninsured/underinsured motorist coverage. If you are struck by someone without insurance or carrying the lowest Colorado state limits of $25,000.00, the only remedy an injured party has is going against his own UM/UIM policy. Obviously the greater the injury, the more important it is to have a high policy in order to protect yourself and your family. For a couple extra dollars per month, you can protect everyone in your vehicle. My advice would be to look into increasing your UM/UIM to the highest possible amount available to you from your insurance company.
Hopefully, you will never need a personal injury attorney. However, if you have any questions regarding an injury or proper insurance coverage, Lampert & Walsh, LLC is here to help answer any questions you may have. We are located in Southeast Denver and we are looking out for Colorado drivers.
As personal injury attorneys, we deal with a lot of individuals involved in motor vehicle accidents. When most people start “shopping” for motor vehicle coverage, they often are trying to save 15% in 15 minutes or trying to find the cheapest deal. Saving money is a good thing, but not when it comes to your own protection.
When reviewing your own insurance coverage make sure you have two things: med-pay coverage and a high UM/UIM policy. The Colorado Legislature recently passed a law that requires all insurance companies to provide a minimum of $5,000.00 in medical payments (or med-pay) unless it is specifically waived by the insured. This provides anyone injured in your vehicle a free benefit for medical expenses up to $5,000.00 and the law doesn’t require the driver to subrogate or “pay back” anyone for this benefit. It is important that you do not waive this coverage.
Good UM/UIM coverage is also invaluable to any insured on the road. UM/UIM coverage stands for Uninsured/underinsured motorist coverage. If you are struck by someone without insurance or carrying the lowest Colorado state limits of $25,000.00, the only remedy an injured party has is going against his own UM/UIM policy. Obviously the greater the injury, the more important it is to have a high policy in order to protect yourself and your family. For a couple extra dollars per month, you can protect everyone in your vehicle. My advice would be to look into increasing your UM/UIM to the highest possible amount available to you from your insurance company.
Hopefully, you will never need a personal injury attorney. However, if you have any questions regarding an injury or proper insurance coverage, Lampert & Walsh, LLC is here to help answer any questions you may have. We are located in Southeast Denver and we are looking out for Colorado drivers.