How do the at fault drivers insurance policy limits affect personal injury cases in Colorado?
The minimum liability policy limits for an insured driver in Colorado are $25,000/$50,000. That means an at-fault driver who injures someone in a traffic accident will have up to $25,000 available under a liability policy to compensate any one injury victim, and up to $50,000 to compensate two or more victims of the same accident. A certain number of drivers only have minimum state limits of $25,000/$50,000. However, many drivers purchase higher liability policy limits. These higher policy limits are available at increments of $50,000/$100,000, $100,000/$300,000 and higher. Certain drivers even have an “umbrella policy,” which provides coverage over and above their numerically stated policy limits. Umbrella policies tend to be in the amount of $1 million. Normally, when consumers purchase higher liability limits, they tend to choose limits of $100,000/$300,000. So, let’s look at an example: You are sitting at a traffic light and are rearended by a negligent driver. That driver has liab
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