What is Medical Payments Coverage?
Medical Payments Coverage—commonly called MedPay—is an optional benefit you can add to your auto insurance policy. Unlike liability coverage (which protects others if you cause a crash), MedPay is first-party…
What Are Policy Limits in Auto Insurance?
Policy limits are the maximum amount an auto insurance company will pay for a covered claim. In a car accident case, policy limits determine how much compensation is available for…
What Is the Average Car Accident Settlement in Colorado?
According to the Insurance Information Institute, the average car accident settlement is about $25,000. However, settlements in Colorado and elsewhere vary widely depending on injury severity, medical costs, lost wages,…
How Long Does Insurance Have to Respond to a Demand in Colorado?
Short Answer Insurance companies in Colorado must acknowledge a claim within 10 business days and respond to a settlement demand within a reasonable time. In most personal injury cases with…
What Is the Minimum Auto Insurance Required in Colorado?
Short Answer:Colorado requires drivers to carry minimum liability insurance of $25,000 per person for bodily injury, $50,000 per accident for bodily injury, and $15,000 for property damage (25/50/15). These minimums…
