Key Takeaways A police report is not always required, though its presence leads to stronger outcomes. When no official report exists, injured drivers carry the full weight of proving what happened. Most insurance policies set strict deadlines for reporting accidents. Colorado law requires drivers to stop, remain at the scene, and exchange information with...
Key Takeaways Pain and suffering cover physical discomfort, emotional distress, and loss of enjoyment, not just medical bills. Two main methods determine the value: the Multiplier Method for serious injuries and the Per Diem Method for shorter recoveries.c Colorado raised its noneconomic damages cap to $1.5 million for claims filed on or after January...
Key Takeaways Most wrongful death settlements in Colorado remain non-taxable when tied to physical injury compensation. Certain portions, like punitive damages or interest, may still create tax obligations under IRS rules. Emotional distress damages qualify as taxable only when unrelated to physical injury or illness. Settlement structure and allocation can influence whether any tax...
Key Takeaways Airbag deployment does not automatically mean your car is totaled, despite how serious the crash feels. Insurance companies compare repair costs against your vehicle’s market value before deciding whether it’s totaled. Colorado law defines a total loss when repair costs exceed the car’s fair market value before damage. Airbag deployment significantly increases...
Key Takeaways You can still be liable for hitting an illegally parked car if the collision was avoidable. Leaving the scene after hitting a parked vehicle can lead to criminal charges, regardless of fault. Fault is often shared, and compensation may be reduced based on each driver’s responsibility percentage. Colorado law requires drivers to...
