Motorcycle wrecks are usually treated similarly to regular car accidents for insurance purposes. Still, one factor that may influence a person’s insurance rate following a motorcycle accident is whether or not they were partially or fully at fault. If you are found liable for a wreck, you become a riskier person to insure, and your insurance company may raise your rates to compensate for that risk.
Even if you are not at fault for a motorcycle accident in Pueblo, recovering compensation through an insurance claim can be a complex process with plenty of room for costly mistakes. A knowledgeable motorcycle wreck attorney could help you take full advantage of your insurance coverage and make sure you are not taken advantage of.
When a motorcyclist in Pueblo is looking for an insurance plan, they should try to find a plan that includes uninsured and underinsured motorist coverage, as well as coverage for medical payments. Those two types of coverage are commonly absent from these policies.
When an at-fault driver does not have insurance that applies to the harm they caused the injured party, or if they are involved in a hit and run, uninsured motorist coverage can cover what would otherwise be unrecoverable losses. There are a lot of uninsured drivers on the road, and they usually cannot cover losses like pain and suffering, permanent injuries, lost wages, and other damages not covered by health insurance with out-of-pocket payments.
Similarly, underinsured motorist coverage can be useful when the liable driver in a Pueblo motorcycle accident has insurance, but it is not enough to cover the injured party’s damages. In Colorado, the minimum amount of insurance coverage every driver must have is $25,000 per person injured and $50,000 per accident. However, a person could go through $25,000 in one hospital stay if they must stay overnight. Having uninsured motorist coverage protects motorcyclists in these kinds of situations.
Excess and umbrella insurance coverages apply in Pueblo motorcycle accident cases when the at-fault driver causes someone more damage than their ordinary insurance policy will cover. As an example, if an at-fault driver has a $100,000 insurance policy and causes an accident that paralyzes a motorcyclist, that person’s damages could be valued in the millions. In this case, an injured motorcyclist may have to go after the at-fault party’s personal assets to recover the compensation they need.
However, if an individual has an umbrella policy, it provides coverage in addition to their auto insurance. For instance, an at-fault driver might have an auto policy of $250,000 and an umbrella policy of $1,000,000—if they then caused somebody $1,000,000 in damages, the “umbrella” covers the additional loss.
The most common damages an injured person in Pueblo can claim in a motorcycle accident insurance lawsuit are those related to short-term medical expenses, followed by noneconomic damages for pain and suffering. Other types of damages often factored into these cases may include lost wages, mileage, permanent impairment, permanent injuries, future medical expenses, and other ways the accident impacted their life negatively.
While recovering for all these motorcycle accident damages only through an insurance claim may not be feasible in every situation, a seasoned Pueblo lawyer could work with a plaintiff to maximize the recovery available in their case. Call today to speak with a dedicated legal representative about any insurance concerns you may have.