When an accident occurs, many variables could impact the compensation available to you. You can be the safest driver around and take every precaution necessary, but that might not make a difference when another driver behaves recklessly.
Determining insurance risk in Colorado
Colorado is an at-fault state regarding auto insurance. When another driver causes your accident, you need to keep a couple of things in mind to receive fair compensation. Drivers don’t have to deal with auto insurance claims every day, so they might not be aware of the early mistakes in insurance selection that can impact a claim:
Deductibles: Deductibles represent the out-of-pocket costs for vehicle repairs. Lower deductibles may mean higher premiums and long-term costs not in your favor.
Minimum insurance: You shouldn’t necessarily use the state guidelines to find the minimum auto insurance requirements. Compliance with the law may not account for the coverage you’ll need in a severe accident. An underinsured driver could face a massive blow to their finances after a collision.
Post-crash checklists: Drivers need to present as much documentation as possible when determining the extent of their injuries and the circumstances leading to a crash. Injuries should be assessed by medical professionals and documented accordingly. Any photos or documentation can help to determine fault in a claim. Additionally, you may want to avoid posting on social media after a collision. That information could impact the determination in your case. Social media posts containing off-hand remarks or jokes may be taken literally in the context of your insurance claim.
Preparing for the event of an accident
Though you have little control over whether you fall victim to a motor collision, you can take steps to make sure you’re covered beforehand. Don’t agree to the first number an insurance company offers you. It is in the company’s favor to get an injured person to settle quickly and avoid the potential for higher compensation amounts. Pursue all the options available to you to receive the compensation you need.
