In the state of Colorado, you must maintain the minimum liability insurance on your motorcycle in order to operate it on the state roads and highways. This type of insurance ensures that you can pay for injuries to others and their property damages in the case that you caused an accident.
What is the Colorado Minimum Liability Insurance for Motorcycles?
The minimum motorcycle insurance mandated by the state is a 25/50/15 policy. This means that you need at least $25,000 liability insurance for bodily injuries to one person per accident, $50,000 liability insurance for bodily injuries of more than one person per accident and $15,000 property damage liability. These coverages will payout to the other party in the case of an accident that you are found at fault for but do not cover any of your losses at all.
What are Other Types of Motorcycle Insurance?
In order to cover your injuries and damages to your motorcycle, you need to purchase additional insurance over the state minimum. Collision insurance from Anderson Atwood Consulting will pay for repairs or the replacement of your motorcycle in the case of an accident. Comprehensive covers repairs or replacement for any non-collision damages such as hail or wind damage as well as theft and vandalism. Medical payments will pay for costs related to your injuries from an accident and you can also include towing and labor to get your motorcycle to a repair shop after an accident. Uninsured and underinsured insurance will pay for your injuries and property damage from an accident in the case that the other driver in Colorado doesn't have enough insurance or has no insurance to cover your losses.
At Anderson Atwood Consulting, we understand all your needs for motorcycle insurance, and we can help you to choose the correct amounts to protect your investment. You can come by the office in Colorado or call us to get information for all your motorcycle insurance needs.
While our main office is located in Northglenn, CO, we service clients all over Colorado & are expanding rapidly to serve in multiple states.