NEWS BRIEF
Wildfire a Wake Up Call
July 21, 2008 — Colorado's Oxyoke Fire near the town of Deckers reminds homeowners to take steps to lessen the chance of a wildfire destroying their homes. It's also a good time to review your home inventory and homeowners insurance policy to make sure you have the coverage you need.
Colorado Auto Insurance Consumer Poll
Colorado Consumer Survey: Drivers Reject Medical Mandates
Four years ago Colorado stopped requiring drivers to buy additional medical coverage on car insurance. During that time RMIIA has monitored the impact on auto rates and consumer attitudes.
In a May 2007 statewide poll conducted by Talmey-Drake Research, 73% of Colorado consumers overwhelming rejected a return to additional auto insurance medical mandates.
Details on specific dollar amounts:
- 77% said “no” to requiring $50,000 extra medical coverage to car insurance policies.
- 69% said “no” to requiring $5,000 extra medical coverage to car insurance policies.
- The above numbers reflect the 68% of Colorado drivers who currently choose not to buy extra medical coverage available to them under their car insurance.
- For the 32% of Coloradans who do purchase medical payments coverage, the most common amount by far is $5,000 (42 %), which is the most common amount purchased by consumers nationally.
How Medical Bills are Paid After an Auto Accident
When you buy auto insurance you need to think about what actually happens when you're in an accident and need to use it...
Updated:
July 21, 2008 2:44 PM
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