In Colorado, it is possible for someone to sue an individual even after their insurance company has made a payment. This occurs when the insurance payment does not fully cover the damages or losses incurred by the person who suffered harm.
When an insurance claim is filed, the insurance company assesses the situation and determines the appropriate amount of compensation to be paid. However, there are cases where the insurance payment may fall short of the total damages sustained. In such situations, the injured party has the right to pursue legal action against the responsible party, even if their insurance has already paid out.
The decision to sue after insurance pays in Colorado is often driven by the need for additional compensation to cover remaining expenses, such as medical bills, property damage, or loss of income. In some cases, the insurance coverage may have policy limits that are insufficient to cover all costs associated with the incident.
It is important to note that the insurance payment does not prevent the injured party from seeking further compensation through legal recourse. However, the amount already paid by the insurance company may be considered during the lawsuit and taken into account when determining the final damages awarded.
In summary, in Colorado, someone can indeed sue even after their insurance company has made a payment. This occurs when the insurance payment does not fully cover the damages suffered by the injured party. Legal action may be pursued to seek additional compensation to cover any remaining expenses not covered by the insurance payment.
Is Colorado a no-fault state for car accidents?
No, Colorado is not a no-fault state. In Colorado, you may sue the responsible party any time that you get hurt or have property damage in a car accident.
What happens if medical bills exceed policy limits Colorado?
Insurance Policy Limits and Medical Bills After a Car Accident. If your medical bills exceed the defendant’s auto policy limit, the defendant is still legally liable for the full amount of your damages. You can seek compensation directly from them or from an umbrella insurance policy if they have one.
How much can someone sue for a car accident in Colorado?
Colorado Damage Caps Colorado has no caps on economic compensatory damages, but there are limits on non-economic awards. Pain and suffering is capped at $250,000 (adjusted for inflation), although that amount can increase to $500,000 if there is clear and convincing evidence that an increase is warranted.
