What Is Uninsured Motorist Coverage?

When it comes to choosing an insurance policy in Bailey, CO, you’re undoubtedly faced with a number of potential plans. But because the coverage options are filled with all kinds of technical jargon, few people will read through their whole policy.

Many people choose based off of the price. Others choose based on the minimum requirement they’re supposed to have. (For example, a car owner with a lease or a loan will be required to have more car insurance than someone who owns their car outright.) Centennial State Insurance Agency wants you to understand more about how uninsured motorist coverage works — whether you’re required to have it or not. 

Uninsured Motorist Coverage 

Drivers on the road in Colorado are required to have some type of auto insurance. In the event they cause an accident, this insurance will cover property damage and bodily injury to the victims. But not everyone follows the rules on the road. Uninsured motorist coverage provides you with financial compensation in case someone without insurance causes an accident. (You are technically allowed to sue in a case like this, but it’s not always possible to recoup the money from the at-fault driver.)

Potential Perils

The people of Bailey, CO need to know what they’re signing up for. Shortcuts may be helpful when it comes to deciding between a dozen different policies, but they don’t allow drivers to dive into the nuances behind the clauses within the policy. Ultimately, this can lead people to make assumptions about their coverage that isn’t true.

If you want to learn more about uninsured motorist coverage, give Centennial State Insurance Agency a call today. We’re here to explain the differences between policies and give you more information about the smartest option you can choose for you and your vehicle.