Colorado follows a majority of states that adhere to at-fault auto laws. As an at-fault state, the auto insurance company of the driver who caused the accident is responsible for paying the medical bills and property damage following a car accident. As such, Colorado requires all drivers to carry automobile insurance with the following minimum coverages:
$25,000 for bodily injury or death to any one person in an accident
$50,000 for bodily injury or death to all persons in any one accident
$15,000 for property damage in any one accident
After an auto accident, you should contact your auto insurance company. They will then contact the insurance company of the other driver and begin the claims process. As your insurance company negotiates with the other auto insurance company, you’ll likely be offered a settlement to cover medical expenses and property damage.
It’s common for auto insurance companies to lowball settlement offers, as their goal is to keep costs as low as possible. The Elite Litigation Group at Bachus & Schanker has years of experience negotiating with insurance companies to recover the compensation you deserve.