If you have been involved in a car accident caused by another driver, the driver’s car insurance company may be required to pay compensation for your injuries and other damages. This includes covering your medical expenses and any property damage you sustain. Examples of fault in a car accident include driving while impaired by alcohol, driving while distracted, or engaging in other forms of reckless driving like speeding, running through red lights, or tailgating.
In Colorado, drivers are required to carry at least $25, 000 per person and $580, 000 per accident bodily injury liability coverage. Also, they should carry at least $15, 000 in proper damage liability coverage. As a driver, you must know how this insurance coverage works and how it is paid out after a car accident.
Understanding Colorado’s “At-Fault” System
Under the state’s at-fault system, the insurance policy of the at-fault driver and the driver themselves must pay the expenses that arise from the car accident. Thus, the injured driver will look to the insurance policy of the other driver for compensation. They can pursue compensation by filing a claim with their own insurance company or with the insurance company of the other driver.
Insurance companies in Colorado are required to provide drivers up to $5, 000 in medical payment or “med pay” coverage for an extra premium. But, drivers may not choose to get this coverage. This coverage can be used by an injured driver to pay basic medical expenses from a car accident, no matter who was at fault.
Modified Comparative Fault System
If a car accident is caused by both drivers, the modified comparative fault system of the state comes into play. In this system, every driver has their respective fault assigned as a percentage. The percentage of fault assigned to them will determine the financial recovery they can get from the accident. A party involved in a car accident may not recover damages if their fault is greater than the fault percentage of the other driver.
If you have been injured in a car accident in Colorado Springs, hiring an experienced Colorado Springs Personal Injury Lawyers will improve your chances of recovering maximum compensation for your injuries. The best lawyer will thoroughly investigate your accident, help determine fault, and work with you when filing a claim with the insurance company of the at-fault driver.