Each time you get behind the wheel of your car, you take for granted that everyone else on the road is carrying proper insurance. Unfortunately, this isn’t always the case, which is why insurance companies are required to include uninsured motorist and underinsured motorist (UM/UIM) coverage in Colorado.

What is UM / UIM insurance coverage?

UM/UIM insurance coverage protects you against the shortcomings of other motorists. Drivers without insurance (Uninsured) and those with insufficient coverage (underinsured motorists) are dangerous, and if one of them rear-ends your vehicle you could wind up paying for the damage out of pocket.

Protect your property

Anyone who has ever been in a car accident knows that the consequences can be costly. If you get into a wreck with an uninsured or underinsured motorist, and you don’t carry UM / UIM insurance coverage, you could wind up having to pay for the damages yourself.

This might mean going into debt or suffering other financial consequences, and since UM / UIM coverage is not that expensive, many consumers consider it a necessity. You are basically taking out an insurance policy for irresponsible drivers who might damage your vehicle.

UM / UIM insurance coverage can provide significant peace of mind. You don’t have to worry that an uninsured driver will crash into your vehicle and stick you without a car. It’s easy to add UM / UIM to your policy and it is relatively inexpensive.

Protect your passengers

In addition to the damage a car crash can cause your vehicle, such accidents often cause injury to the people inside. You and your passengers are protected by most types of UM / UIM insurance coverage if the accident requires medical treatment.

This protection can be invaluable and provide peace of mind knowing that you and your passengers are covered in spite of what others might do.

Hit-and-run protection

Hit-and-run accidents are those in which the driver of the offending vehicle leaves the scene of the accident. For the purpose of insurance claims, these people are considered uninsured motorists.

Some people are reluctant to make a claim for uninsured and underinsured benefits against their own insurance policy because they are afraid their insurance rates will go up. It is important to know that under Colorado law, an automobile insurance company cannot raise your insurance rates because you make a claim for uninsured or underinsured motorist benefits.

Contact us if you’ve been in an accident and need clarification or representation. Make certain the insurance company is working for you! 303.805.7430.