Colorado Umbrella Insurance Accident Attorneys
| What is an Umbrella Policy?
The Insurance Information Institute defines an umbrella policy as: “Coverage for losses above the limit of an underlying policy or policies such as homeowners and auto insurance.
While it applies to losses over the dollar amount in the underlying policies, terms of coverage are sometimes broader than those of underlying policies.” |
An umbrella insurance policy is one that provides coverage over and above the levels specified in an insured individual’s primary liability policy. The purpose of umbrella coverage is to afford protection for the insured party’s assets and to protect against potential claims against his or her future income. Such policies may provide coverage when gaps exist in a primary policy. Understanding the intricacies of insurance coverage can be challenging. If you’ve been injured in an accident – especially if you’ve sustained severe injuries – you need the advice of a qualified motor vehicle accident attorney.
At the Law Firm of Jeremy Rosenthal, our Colorado accident attorneys have experience handling cases involving all types of insurance coverage. Frequently, an umbrella policy comes into play in a Colorado trucking accident or crash with another commercial vehicle. A claim against such policies may also be filed in Denver premise liability cases when a victim is injured on business property. Injuries that occur on business, school or church property may also be eligible for compensation from an organization’s umbrella insurance policy.
We know the tactics that insurance companies use to try and avoid payment for the claims of injured parties. We also know that severe injuries demand sufficient compensation to ensure that necessary medical care is available – sometimes for many years into the future. Traumatic head injuries, spinal cord injuries and other wounds can leave you with long-lasting, perhaps permanent, physical damage. You could be in for a long recovery. Or you may be permanently disabled by your injuries. The Denver accident attorneys at the Law Firm of Jeremy Rosenthal believe that accident victims should receive the maximum monies available to compensate them for their suffering, their medical care, and the income they’ve lost through no fault of their own.
Who carries umbrella coverage? Certainly, an umbrella policy makes sense for wealthier individuals with significant assets and income that might be at risk if they cause injuries in an accident. Umbrella policies also may offer peace-of-mind coverage for business owners. Many times they are required by landlords who rent commercial properties to businesses. And commercial and residential landlords likely have policies of their own.
The Colorado accident attorneys at the Law Firm of Jeremy Rosenthal can explain the circumstances under which claims can be filed against umbrella policies. Determining whether an umbrella policy exists under which a claim may be filed can have a dramatic impact on your ability to collect damages. While car insurance coverage is often limited to $100,000 or less, a typical umbrella liability policy frequently covers losses of $1 million or more. If your injuries have left you permanently disabled or in need of specialized and expensive treatment for devastating physical damage, you need an attorney who is knowledgeable in all aspects of insurance and who is experienced in acting as a strong advocate for accident victims.
At the Law Firm of Jeremy Rosenthal, our Colorado accident lawyers offer you a free consultation to learn about your rights. Don’t face a future of uncertainty. Our attorneys are seasoned negotiators and accomplished trial lawyers who are prepared to aggressively represent you when you deserve compensation for serious injuries.
Contact our Denver Colorado Motor Vehicle Accident Law Firm at 303-825-2223
ColoradoJusticeNow.com
