What is Covered by Standard Auto Insurance?

In Colorado, by law, you have to have auto insurance if you own and operate a vehicle. Making sure you have the legal amount of required coverage is imperative to remaining on the right side of the law. In Lafayette, CO, you may be looking for standard auto insurance but you may not know what that means. Use this guide from 1st American Insurance Agency so you know what you are looking for and can ensure you are meeting state minimums.

Liability Coverage

For most standard auto insurance policies, you will have two types of liability coverage: property damage and bodily injury. Property damage protection can protect you if you are found to be at fault for an accident. It will pay for damage on your vehicle as well as the other individual’s vehicle. Bodily injury will also protect you and your assets if you are found to be at fault for an accident but it helps pay for bodily harm for yourself or the other injured party involved.

Coverage Minimums

You will also find that most standard auto insurance policies in the state will cover at least the minimum required by law. However, this is not always the case so you should make sure that you have the minimum on your policy. The minimums in the state are $25,000/$50,000/$15,000. This means that there needs to be a minimum coverage of $25,000 bodily injury per person and $50,000 per accident. Additionally, there must be coverage for $15,000 for property damage on another person’s vehicle. This coverage should also provide you with coverage for a legal defense in case you need one as a result of an accident.

In Lafayette, CO, it is important to always have the minimum coverage required by law. You can opt for additional coverage but make sure the policy you get at least has these basics covered. Contact 1st American Insurance Agency for more information today or for a ffree quote.