Question 1

What is underinsured motorist (UIM) coverage in Colorado?

Accepted Answer

UIM coverage pays you when the at-fault driver's insurance is not enough to cover your full damages. Under C.R.S. § 10-4-609, Colorado insurers must offer UIM coverage equal to your liability limits unless you reject it in writing.

Question 2

What are Colorado's minimum car insurance requirements?

Accepted Answer

Under C.R.S. § 10-4-609, Colorado requires minimum liability coverage of $25,000 per person for bodily injury, $50,000 per accident, and $15,000 for property damage.

Question 3

Does my UIM insurer have to act in good faith in Colorado?

Accepted Answer

Yes. Colorado's bad faith statutes under C.R.S. § 10-3-1115 and § 10-3-1116 apply to UIM claims. If your own insurer unreasonably delays or denies your UIM claim, you may be entitled to two times the covered benefit plus attorney fees.

Question 4

Can I stack UIM policies in Colorado?

Accepted Answer

Colorado allows UIM stacking in some circumstances. Whether stacking is permitted depends on your specific policy language and must be reviewed by an attorney.

Question 5

How long do I have to file a UIM claim in Colorado?

Accepted Answer

The statute of limitations for contract claims in Colorado is generally three years under C.R.S. § 13-80-101, but your insurance policy may impose shorter notice requirements.

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Colorado injury victims since 2006

What Is Underinsured Motorist (UIM) Coverage in Colorado and When Does It Pay?

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