Those who need Colorado car insurance and Colorado homeowners insurance need to consider several different scenarios before they choose their policies. For the best and most comprehensive protection, it’s wise to consider liability insurance with both Colorado auto insurance and Colorado home insurance.
For your automobile
If you’re in an automobile accident, liability Colorado auto insurance will cover you in the event you are at fault in a car accident. In Colorado, you must have minimums of $25,000 in coverage for the injury of one person and $50,000 coverage for the injury of more than one person. You also have to carry $15,000 in coverage for property damage. These are minimums, and many experts recommend that you carry more. In Colorado, you can’t even register a vehicle, much less drive one, until you can prove that you have it insured to the minimum standards.
For your house
Although you are not legally required to have homeowners insurance in Colorado, it’s important to have because you’ll want to protect yourself in the event you have property damage from some kind of disaster and need to repair or rebuild your house or replace your possessions.
In addition, even though Colorado homeowners don’t think of it, liability coverage is also important if you’re a homeowner. That’s because if someone should slip and fall or otherwise have an accident while in your home or on your property, you can be sued for damages. It’s suggested that you carry at least $100,000 in liability coverage for your homeowners policy, although most experts recommend that you up that amount to $300,000, to be safe.