What are the minimum uninsured/underinsured limits for bodily injury per person and per occurrence?

The minimum uninsured/underinsured motorist coverage limits for bodily injury in Colorado are indeed set at $25,000 per person and $50,000 per occurrence. These limits are established by Colorado law to ensure that individuals who are injured by uninsured or underinsured drivers have access to some level of financial protection.

This coverage is particularly important because it addresses situations where the at-fault driver lacks sufficient insurance or any insurance at all, allowing the injured parties to recover damages for medical expenses, lost wages, and other costs associated with their injuries. The specified amounts reflect a baseline level of protection, which aims to cover many of the common expenses that arise from accidents, even though drivers can choose to purchase higher limits to enhance their financial security.

Understanding these minimum requirements is crucial for insurance producers as it ensures that clients are in compliance with state laws while also making informed decisions about their coverage options.