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Uninsured Motorist Property Damage
Uninsured motorist property damage coverage is an optional auto insurance coverage in
Colorado, and therefore can be rejected. It is not available if collision coverage is
selected, and is available only with the selection of uninsured/underinsured motorist
bodily injury coverage.
| This coverage provides protection for: |
- Damages sustained in an accident caused by a driver who is not insured (This coverage does not provide for accidents caused by underinsured motorists.)
- Vehicles covered by the Colorado auto insurance policy
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How much protection does this coverage provide?
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- The coverage limit you see in your Colorado auto insurance quote refers to the maximum amount that will be paid per incident
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Who might benefit from buying uninsured motorist property damage coverage?
Colorado policyholders who did not purchase collision coverage will benefit from
uninsured motorist property damage coverage if an uninsured motorist hits them.
Comprehensive
Comprehensive coverage is optional in Colorado. However, it must be included on
policies that have collision coverage, and it can’t be purchased without bodily
injury coverage.
| This coverage provides protection for: |
- Damage not resulting from a collision. (e.g., damage from falling objects, fire, certain natural disasters, and vandalism)
- Theft
- Glass damage
- Damage from hitting an animal
- Vehicles covered by the Colorado auto insurance policy
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Who might benefit from buying comprehensive coverage?
If your car is financed or leased, the finance company will probably require that you
carry this coverage. If you have a newer vehicle or one in excellent condition, you may
need this coverage to replace or repair the vehicle in case of loss. If you have an older
car or one in poor condition, you may not want to pay for this coverage.
Collision
Collision coverage is optional in Colorado, and can’t be purchased without comprehensive coverage.
| How much protection does this coverage provide? |
- Repair or replacement cost of the vehicle that has collided with other cars/objects or has rolled over.
- Vehicles covered by the Colorado auto insurance policy
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Who might benefit from buying collision coverage?
If your car is financed or leased, the finance company will probably require that you
carry this coverage. If you have a newer vehicle or one in excellent condition, you may
need this coverage to replace or repair the vehicle in case of loss. If you have an older
car or one in poor condition, you may not want to pay for this coverage.
Emergency Road Service
Emergency Road Service is optional in Colorado. This coverage, sometimes called Towing coverage,
pays for the cost of towing your car if it becomes disabled. Emergency Road Service coverage
cannot be purchased without collision coverage.
How much protection does this coverage provide?
The coverage limits you see in your quote refer to the maximum amounts that will be paid per incident, per term, respectively.
Rental Car Limits
Rental car coverage is optional in Colorado. Rental car coverage can’t be purchased without collision
and comprehensive coverage.
What’s covered?
This auto insurance coverage pays for the cost of a rental car if you can’t drive the
insured vehicle due to theft or damage from an accident.
How much protection does this coverage provide?
The dual coverage limits you see in your auto insurance quote refer to the maximum amount that
will be paid per day, per accident, respectively.
Customized Equipment
Customized equipment coverage is optional in Colorado. If you buy this auto insurance coverage,
you must also buy comprehensive and collision coverage.
What’s covered?
Customized equipment coverage is appropriate if your vehicle has permanently installed custom
parts or equipment other than those installed by the original manufacturer.
| Examples of customized equipment include: |
- Any dealer-installed equipment that is not offered by the original manufacturer
- Special equipment on vehicles, vans, and trucks, including: running boards, brush bars, roll bars, undercarriage lighting, fog lights, bed liners, camper shells, trailer hitches, etc.
- Customized wheels, spoilers, suspensions or performance-related equipment
- Stereo, sound recording, and television equipment
- Customized paint or decals
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How much protection does this coverage provide?
Within the limits you select in your quote, this coverage reimburses you for the lowest
amount of the following: the actual cash value, the declared value, or the actual cost to
repair.
Who might benefit from buying customized equipment coverage?
Your Colorado auto insurance policy covers only the original equipment included by the manufacturer.
Should your vehicle have additional equipment, accessories, enhancements, and changes that alter
the appearance or performance of the vehicle, it’s advisable that you buy additional coverage to protect these items.
Loan/Lease Gap Coverage
Loan/lease gap coverage is optional in Colorado. To buy this auto insurance coverage, you must have collision and
comprehensive coverage and your car must also be financed or leased.
What's covered?
This coverage protects you if your car gets damaged. You will be reimbursed for the difference between the following items:
- The actual cash value of your car at the time of the loss, less the applicable deductible and the vehicle's salvage value (if retained by the owner or insured) and
- Any greater amount owed on the vehicle at the time of loss, less any unpaid finance charges, excess mileage or wear and tear charges, any other charges or expenses associated with the loan or lease, and the vehicle's salvage value (if retained by the owner or insured).
How much protection does this coverage provide?
Any payment under this coverage will not exceed 25% of the actual cash value of the vehicle at the time of the loss.
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