Colorado CarShare’s liability coverage is $1,000,000. This coverage pays for any bodily injury or property damage that is caused by a Colorado CarShare driver’s negligence. This would pay for injuries to someone in another vehicle or damage to their property – as long as the Colorado CarShare driver is legally liable for the damages.
Damage to a Colorado CarShare vehicle caused by an accident would be paid for by our Collision coverage (Physical Damage). This coverage is subject to a $1,000 deductible. Collision coverage pays for any collision with our vehicles (including damage while parked) – regardless of who is at fault in the accident.
If another party causes the damage to a Colorado CarShare vehicle, and they are found legally liable for the damage, our insurance carrier would pay for the damage, but attempt to recover the amount paid (plus our deductible) from the party who caused the damage.
Comprehensive Coverage pays for damage to Colorado CarShare vehicles caused by something other than a collision. (ie: theft, vandalism, hail damage, etc). Collision with an animal is also covered under Comprehensive. This coverage is also subject to a $1,000 deductible.
Colorado CarShare’s policy also has a $5,000 Medical Payments limit. This pays for medical bills incurred by the driver and any passengers in a Colorado CarShare vehicle – regardless of fault. After the $5,000 limit is reached, if the other driver is legally liable, their liability policy pays for the injuries to a Colorado CarShare driver. If they have no insurance, or it is a hit and run, then Colorado CarShare’s Uninsured Motorist coverage pays for the injuries. If the Colorado CarShare driver is legally liable for the accident, after the $5,000 in Medical Payments is exhausted, his/her personal medical insurance coverage would pay for their medical bills.
Other than the $5,000 in Medical Payments, Colorado CarShare’s insurance does not cover injuries to one of Colorado CarShare’s drivers if they have no medical insurance and their negligence causes the accident.
* This is only a summary and not the legal language of our coverage.