When a driver that hits you doesn’t carry any insurance – or not enough insurance – they are considered an uninsured motorist (UM) or underinsured motorist (UIM). One in every six drivers, or about 600,000 people, are driving around in Colorado without any insurance. That’s a scary fact, and it’s why you should pay for UM / UIM coverage protection on your car insurance policy.
If you have this type of coverage, your medical bills, pain and suffering, and other losses may be covered, even if you are hit by an uninsured or underinsured driver.
Let’s take a look at one scenario. You are hit by a driver who has only $25,000 in liability insurance coverage, but you have $50,000 in medical bills. If you have $100,000 in UM / UIM protection on your own car insurance policy, there is a total of $125,000 ($25,000 from the other driver plus $100,000 from your own policy) in insurance benefits that are available to pay for your medical bills, pain and suffering, lost wages, and other damages. But if you don’t have any UM / UIM coverage, the other driver’s $25,000 is the only insurance money that you can get, which will not even cover your $50,000 of medical bills. This is why it is so important to always include UM / UIM coverage on your own auto policy.
A case for your UM / UIM involves both personal injury law and contract law, and should be handled by an attorney knowledgeable in both. There are certain contractual procedures you must follow to qualify for UM / UIM coverage, and if you don’t follow them, your insurance company can deny your claim.
There may be situations where your insurance company tells you that you don’t have any UM / UIM protection when this may not be true. For example, if your insurance company is telling you that you rejected UM / UIM insurance but you haven’t signed anything rejecting it, they may be required to make UM / UIM coverage available to you even though it is not shown on your policy.
There also may be situations in which your insurance company doesn’t treat you fairly or reasonably. In these cases, you may be entitled to special damages and compensation. Therefore, it is very important to consult an attorney before you do anything that may jeopardize your ability to claim your UM / UIM benefits.
Call Gama Law Firm for a free no-pressure consultation and we can tell you what kinds of insurance coverage may be available to you, how to get it, and what you are entitled to under Colorado law. Don’t just take an insurance corporation’s word for it. Let attorney Richard Gama see if there are better answers for you.