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March 9, 2021

How Do Car Insurance Deductibles Work After an Accident?

You probably know you need to have auto insurance to drive legally, and if you are ever involved in an accident, your auto insurance policy is supposed to protect you financially. 

But that may be the extent of your knowledge about how car insurance really works or what actually happens after you’ve been injured in a car accident. One of the most common aspects of insurance that confuses people is how deductibles work.

You have enough on your plate, trying to recuperate from your injuries. Worrying about a car insurance deductible shouldn’t be one of them. Read on to learn more about how car insurance deductibles work, what kind of impact your deductible will have on your claim and how a Denver car accident lawyer can help.

Colorado Car Insurance Laws

In order to operate a vehicle in Colorado, you need to have a minimum amount of auto insurance coverage. These basic limits include:

  • $15,000 in property damage liability coverage
  • $25,000 per person in bodily injury liability coverage
  • $50,000 per accident in bodily injury liability coverage

Colorado is a fault state for car insurance and accidents. This means after you’ve been involved in an accident, you’ll need to file your claim with the liable party’s insurance company. From there, the insurance company will look for any opportunity they can find to reduce the amount they will be obligated to pay you in your injury settlement. 

Deductibles and Your Car Accident Claim

Your deductible refers to the amount of money you’ll have to pay before the insurance company steps in to handle the rest. For example, if you hit a telephone pole and damage your car, you might file a claim with your auto insurance company. But let’s say you have a $1,000 deductible. 

Before the insurance company is willing to cover anything, you’ll need to put up the $1,000 out of your own pocket first. If someone else is responsible for causing your accident, however, your insurance company should not require you to pay the deductible to move forward with your claim. 

Contact a Car Accident Lawyer for Help

If you have questions about how car insurance companies impact personal injury claims, or for help to negotiate with an insurance company, get in touch with a top Denver car accident lawyer at Justice for Colorado. 

Call our office at 303-647-9691 or fill out the online contact form below when you are ready to schedule your free, no-obligation consultation. 

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