Candace Baker, Car Insurance Writer
@candacebaker
No, you don't need uninsured motorist property damage (UMPD) insurance in Colorado. UMPD insurance is optional in Colorado, and you can only request it if you don't have collision insurance as part of your car insurance policy. UMPD coverage pays to repair or replace your car if you're involved in an accident caused by an uninsured driver.
Collision insurance pays to repair or replace your vehicle after any accident, including those involving uninsured drivers. UMPD coverage would be redundant if you have collision insurance.
To learn more, check out WalletHub's guide to uninsured motorist insurance.
People also ask
What does uninsured motorist property damage cover?
Uninsured motorist property damage insurance covers the cost to repair or replace the policyholder’s vehicle or other property if it is damaged in an accident caused by an uninsured or underinsured driver. Six states and Washington, D.C., require uninsured motorist property damage insurance, and it’s optional in others.
Uninsured motorist property damage (UMPD) coverage is meant to replace the property damage liability insurance that an uninsured driver should have purchased. As a result, drivers generally buy...
read full answer by WalletHub, Financial CompanyIs uninsured motorist coverage required in Colorado?
No, uninsured motorist coverage is not required in Colorado, as drivers can reject the coverage in writing. Still, insurance companies are required to offer at least $25,000 in uninsured motorist bodily injury coverage per person (up to $50,000 per accident).
Uninsured motorist bodily injury (UMBI) coverage pays for the medical bills of the policyholder and their passengers who were injured in an accident with an uninsured motorist. The per-person limit applies to each person injured, while the per-accident...
read full answer by WalletHub, Financial CompanyWhat happens if I'm in a car accident where the other driver has no insurance?
If you’re in a car accident and the other driver has no insurance, then any medical bills or costs to repair your vehicle will need to be paid by your insurance company. This is usually done through uninsured motorist coverage, although collision insurance also covers certain costs. In addition, you might be able to sue the uninsured driver for damages. Some states make filing a lawsuit more difficult than others, though.
Uninsured motorist (UM) coverage...
read full answer by WalletHub, Financial CompanyDid we answer your question?
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