Automobile Liability Insurance
Coverage required by law in case you cause an accident where there is either physical injury or property damage to other people. You will see three numbers when you are buying liability coverage (ex: 25/50/25). They represent (in the $ thousands) your liability limits that the insurance company will pay for per person for bodily injury, per accident for bodily injury, and per accident for property damage. Each state requires its own mandatory minimum liability coverage; Colorado is 25/50/15.
Uninsured/Under-insured Motorist Protection
Is an optional coverage that pays for the treatment of injuries to the driver and passengers of the policyholder’s car should you be in an accident with an at-fault driver who does not have proper insurance coverage.
Another optional coverage that pays for the treatment of injuries to the driver and passengers of the policyholder’s car regardless of who is at-fault in an accident.
Insures your vehicle in case your involved in any type of collision accident. Collision coverage come with a deductible. A deductible is how much you are responsible for paying during a claim. If you have a $500 deductible you pay the first $500 of damages prior to the insurance company paying the remainder of the claim. The lower the deductible the higher your payments and vise versa.
The Insurance House, Inc.