Car insurance buyers in Colorado can choose to protect themselves by buying optional coverage. Before doing so, it’s important to consider this type of protection carefully to make sure that it isn’t duplicating coverage that the car owner already has through other portions of his or her policy.
An example of optional car insurance coverage available to Colorado residents is medical payments coverage. Unlike bodily injury liability insurance, which covers the occupants of the other vehicle when an accident occurs, this coverage pays for medical bills incurred by the occupants of the owner’s own car following an accident. The insurance company will pay out even if the policyholder was the at-fault driver.
Rental reimbursement coverage is available on an optional basis. It pays a daily benefit when the policyholder’s vehicle is being repaired and he or she is renting a car during this time. The level of coverage available will vary, depending on the insurance company.
A customer in Colorado can also buy towing coverage that pays the cost of taking his or her vehicle to a garage for repairs. The premium for this policy provision can be quite low. If the owner is a member of an auto club, they may already have this protection and may not need to arrange it through their car insurance company.