What is it?
Auto Insurance is designed to financially protect you in the event of an automobile loss. Liability coverage is required by most states, but there are also many optional coverages you can add to protect your vehicle and your passengers.
Each policy can be tailored to your specific needs, but these are some of the coverages available on most auto insurance policies:
- Liability (bodily injury and property damage): If you are determined to be at-fault in an accident, this coverage pays for the resulting medical bills or costs to repair the damaged property of the other party.
- Comprehensive: This coverage extends for damage to your vehicle caused by non-collision events, like theft, fire, or hail.
- Collision: If your vehicle is damaged in a collision, this coverage will pay to repair your vehicle.
- Uninsured/underinsured motorist: This coverage will extend for your injuries and the injuries of your passengers if you are not-at-fault in an accident but the other driver either flees the scene or does not have insurance. Underinsured motorist coverage will extend if the at-fault party has insurance with liability limits lower than yours and it is insufficient to cover your injuries.
- Medical payments: This coverage can extend to pay for injuries you or your passengers sustain in an accident, regardless of who was at-fault for the accident.
- Roadside assistance: This coverage varies by carrier, but generally extends for towing, fuel delivery, tire change, jumpstart and lockout.
- Loss of use: This is commonly referred to as “Rental Car Coverage.” If you have this coverage and your vehicle is damaged in a covered loss, the policy will pay up to the policy limit to provide a rental car for the time that your vehicle is disabled.
- GAP coverage: GAP coverage will extend to cover the difference between the actual cash value of the vehicle and the amount you owe on the loan or lease if the vehicle is deemed a total loss.
How does it work?
- If you have a loss: Call us at (303) 597-1667 as soon as possible for claim assistance.
- You are required to have liability insurance in order to drive any vehicle, but beyond that you can choose which other coverages you add to your policy based on the value of your vehicle and the coverages that are important to you.
- If you file a claim for damage to your vehicle, you will be subject to your comprehensive or collision deductible. The deductible is per occurrence, not per policy term.
- Auto Insurance does not cover mechanical failure of your vehicle.
- Your vehicle is not covered by your Homeowners Insurance, even if it is parked in the garage.