Does Auto Insurance Cover Bicycle Accidents? | Colorado Springs Injury Lawyers
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Riding a bicycle is a great way to get around a city, get exercise, or simply enjoy the great outdoors. However, if you are riding on the road through traffic, there is potential for serious injury. On the other hand, if you live in an area with a lot of bike traffic, you may end up accidentally hitting an unsuspecting cyclist while driving.
Bicycle accidents are so common that it is important to understand who is responsible for the resulting damages. If you have the right type of car insurance, you should be covered whether you are the driver of the car or the unfortunate victim of the accident.
How to Recover Compensation After a Bicycle Accident
Here are some general guidelines to keep in mind when dealing with the fallout from a bicycle accident.
The At-Fault Driver’s Insurance
Most car insurance policies will cover losses related to injuries, medical expenses, and property damage related to an accident involving a motor vehicle. This is true even if the driver hits someone on a bicycle. So it is very likely that the at-fault driver’s car insurance will cover medical expenses and damage to property of the cyclist. The amount of coverage will depend on their specific policy and what they have selected as their policy limits.
What If the Driver is Uninsured?
If the driver is uninsured or the amount of damages exceeds their policy limits, the victim’s car insurance will kick in to cover the remaining costs. This is known as uninsured/underinsured (“UM/UIM”) motorists coverage.
The amount of coverage will depend on your specific policy, but at least $100,000 in UM/UIM is recommended. Damages from a bicycle accident can quickly add up. The minimum required limits for drivers in Colorado ($25,000 per person for bodily injury, $50,0000 per accident for bodily injury, and $15,000 for property damage) might not be enough to cover the resulting damages. UM/UIM coverage can help make up the difference between what the at-fault driver can pay and what your actual damages are.
Medical Payments Coverage
You should also ensure that your car insurance policy includes medical payments (“Med Pay”) coverage. Med Pay will pay a specified limit of medical expenses associated with a bicycle accident. This coverage is offered in increments of $1,000 and can range up to $25,000 depending on the coverage you select.
How much coverage to select depends on what type of health insurance you have. If your health insurance does not cover much, it is a good idea to purchase as much med pay coverage as possible under your car insurance.
Our Colorado Springs Accident Lawyers Can Help
Our Colorado Springs car accident attorneys have helped thousands of injury victims get their lives back on track after a car accident. We have the knowledge and resources necessary to help you build the strongest case possible and pursue maximum compensation for your medical bills, lost wages, pain and suffering, property damage, and much more. And as one of our clients, you will pay nothing unless we win your case.
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