The maximum coverage for a comprehensive policy in Centennial, Colorado will depend upon your specific situation. However, in general there is not a limit on the upper end of the comprehensive policy limits, just as there is no lower minimum requirement in the state of Colorado. There are several basic types of insurance coverage that Centennial Colorado buyers may wish to consider.
The Bodily Injury type of Liability coverage is required by Colorado state law. The minimum of Bodily Injury Liability insurance in Colorado is $25,000 per person, and $50,000 per accident in total. You will generally see this figure expressed as 25/50 BI-L on insurance policies. There is no designated maximum.
The Property Damage Liability coverage is meant to cover the property damages that happen with objects or structures. According to Colorado state law you must maintain a minimum of $15,000 in Property Damage Liability per incident. As with Bodily Injury Liability, there is no designated maximum in Colorado.
The Comprehensive coverage policy will cover you for the types of damage that may occur when you are not in an actual collision. This can include car theft, theft of contents inside your car, or other types of damages like hail storms, floods, earthquakes, explosions, items falling from the sky, and more. The state of Colorado recommends that drivers choose this type of coverage for personal protection purposes, however it is not required by Colorado law. Just as there is not required minimum on this type of insurance, there is also no maximum policy levels. Essentially, your comprehensive policy can cover anything up to the amount of its maximum limits.
Speak with your independent agent about how much your maximum coverage level should be, so that you can be properly prepared in case of disaster.
