Auto Insurance

You’re driving home after a long day of work, thinking about what you’re going to do about dinner. You brake at a stop sign, look around for any oncoming drivers, then slowly keep moving. WHAM! A car speeds past its stop sign and slams into the side of your car. Minutes later, you find out…

If you’ve been in an auto accident recently, the CNN report “Auto Insurers Play Hardball in Minor-Crash Claims” probably sounds like business as usual. The report, published in February 2009, highlights the insurance industry strategy of deny, delay, defend.

As we learned in parts one through four, Colorado Revised Statute 10-4-609, effective January 1, 2008, addresses uninsured motorists (UM) and under-insured (UIM) motorist claims and closes the loopholes that prevented consumers from receiving the full benefits they thought they were buying when purchasing UM/UIM coverage in Colorado. What Should You Do? Call your insurance…

Now that we know about liability insurance and uninsured and under-insured coverages and how insurance companies used “set-off” and “anti-stacking” together to lessen your coverage, let’s talk about how insurance companies used “set-off” and “anti-stacking” together. Could “Set-off” and “Anti-Stacking” be Used Together? Prior to January 1, 2008, insurance companies could reduce your compensation by…

In parts one and two, we learned about liability and uninsured and under-insured coverages and how insurance companies can no longer “set-off” reduce the amount of your UM coverage. What is “Anti-Stacking”? Another change in the law stops insurance companies from using “anti-stacking” language when writing a policy. Prior to the new law, insurance companies…

In part one we learned about how Colorado Revised Statute 10-4-609 effects your insurance coverage and about thedifferent types of coverage; liability and uninsured and under-insured insurance. Here’s how it all fits together. What is “Setoff”? Prior to January 1, 2008, your insurance company would be able to “setoff” or reduce the amount of UM…

The newly revised Colorado Revised Statute 10-4-609, effective January 1, 2008, addresses uninsured motorists (UM) and under-insured (UIM) motorist claims and closes the loopholes that prevented consumers from receiving the full benefits they thought they were buying when purchasing UM/UIM coverage in Colorado. What is Liability Insurance? Property damage liability coverage pays for the physical…