Car accidents on Colorado roads are very common. Even a minor accident can lead to a serious injury like whiplash, a concussion, or broken bones.
Additionally, a collision can result in thousands of dollars in property damage and vehicle repair costs. Typically, the at-fault driver’s insurance policy helps cover these costs.
Despite state laws mandating car insurance coverage, some drivers ignore these laws and drive without insurance. Many clients want to know, How much can I get from an underinsured or uninsured motorist claim?
Like other legal issues, the answer depends on the facts of your case. If you suffered injuries in an accident caused by an uninsured motorist, contact Tenge Law Firm, LLC, today.
How Much Can I Get From an Underinsured Motorist Claim?
Colorado uses a fault-based system to assign liability after a car accident.
That means the person responsible, or “at fault,” for the accident is liable for the damages you incurred as a result of the crash.
These costs often pile up quickly, so the responsible driver’s insurance policy helps cover the settlement cost. So what happens when an uninsured driver causes a serious accident?
In many cases, an uninsured motorist will not own significant assets, making recovering from them personally more difficult.
One option to help you recover an uninsured motorist settlement is with uninsured or underinsured motorist coverage.
Uninsured or underinsured motorist coverage is a way for you to lessen the risk of hitting an uninsured or underinsured driver.
Underinsured or uninsured coverage is a feature of your own insurance policy that comes into play when the at-fault driver in an accident does not have adequate coverage or lacks any insurance coverage at all.
What Is the Average Uninsured Motorist Settlement?
When you have uninsured motorist coverage in Colorado, your uninsured motorist coverage essentially acts as the uninsured driver’s insurance policy.
The amount of your uninsured motorist claim payouts will depend on the damages you incurred because of the accident. The potential damages you may suffer in an accident include:
- Lost wages,
- Vehicle repair costs,
- Hospital bills,
- Rehabilitation costs, and
- Property damage.
While underinsured motorist coverage may cost you extra each month, it can save you tens of thousands of dollars in the event an underinsured driver causes a serious accident.
If You Have Questions About Uninsured Motorist Settlements, Contact Tenge Law Firm Today
Our car accident lawyers at the Tenge Law Firm have over 30 years of experience representing victims injured in car incidents.
We have negotiated with hundreds of insurance companies to obtain favorable uninsured motorist settlements for our clients.
Our firm provides our clients with an exceptional level of communication and responsiveness. We will give you the personal attention that you and your underinsured motorist claim deserve.
If you need to know what to do after an accident with an uninsured or underinsured motorist, contact one of our attorneys at the Tenge Law Firm right away.