Colorado UM/UIM Insurance Inquiry
I recently found myself in a situation where my car was hit in a parking lot, and I’m seeking clarification on my coverage. I have UM/UIM insurance through USAA, but I don’t have collision coverage. Fortunately, the other driver left their information, and I’m currently working with their insurance to get my car repaired.
However, when I spoke to a USAA representative, I was informed that there’s essentially nothing they could do if the driver had left no information. I was under the impression that Colorado’s UM/UIM insurance would cover damages caused by another party, even if their details were unavailable. The agent mentioned that if you cannot identify the other driver, I would be fully responsible for my vehicle’s damages. They also said the only way to be protected in such cases would be to have collision coverage, which doesn’t work alongside UM/UIM coverage in Colorado.
Can anyone clarify if this information is correct? Should I consider updating my insurance policy?
It sounds like you’re seeking clarification on your UM/UIM (Uninsured Motorist/Underinsured Motorist) coverage in Colorado, especially in relation to the situation you encountered. Let’s break this down:
UM/UIM Coverage: In Colorado, UM/UIM insurance is primarily designed to protect you and your passengers in the event of an accident caused by an uninsured or underinsured driver. This coverage typically applies when you are injured or your property is damaged by another party that either doesn’t have insurance or does not have sufficient insurance to cover your damages.
Damage in a Parking Lot: Since you mentioned that the other driver left their information, you would generally pursue their insurance for the damages to your vehicle. In this scenario, your own UM/UIM coverage typically would not apply, as you have a liable party to file a claim against.
No Information Available: If the damage occurred without the other party’s information (i.e., a hit and run), this is where UM/UIM coverage could potentially come into play. However, the specifics of what is covered can depend on your policy and state regulations. In Colorado, generally, if you can’t identify the at-fault driver and you only have UM/UIM coverage, it may apply to personal injuries but not necessarily for property damage (unless stated otherwise).
Collision Coverage: Collision coverage specifically covers damage to your vehicle caused by a collision, regardless of fault, and could apply in situations where the responsible party is unknown. This coverage is separate from UM/UIM and, as you’ve been informed, would be necessary if you want protection for your own vehicle in such scenarios.
Updating Your Coverage: If you feel you need more protection for potential damages to your vehicle caused by another driver (especially if they are unidentified), it may be worth considering adding collision coverage to your policy. It could provide you peace of mind for situations like this.
Recommendation: It’s advisable to review your policy details or consult with another insurance agent for a second opinion. Ask specific questions about what is covered under your UM/UIM policy, especially concerning property damage. You might also explore options for collision coverage to ensure you are sufficiently protected in the future.