How Does Hit And Run Affect Insurance?
How Does Hit and Run Affect Insurance?
Car accidents are a common occurrence. Approximately six million of them occur annually in the U.S. Most drivers choose to protect themselves by getting full coverage car insurance. However, uninsured drivers may not be covered by your car insurance policy. If you are involved in a car accident, you should contact your insurance company to see if you are covered.
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Uninsured motorist property damage coverage
If you have a hit-and-run accident, you may need to know more about the benefits of uninsured motorist property damage coverage. This coverage covers any damages to your car and the belongings in it. While it is not mandatory, it is useful for protecting your car from damage caused by uninsured drivers. However, it is not available in all states.
The cost of uninsured motorist coverage is lower than other types of insurance. However, uninsured motorists do not always apologize for their actions after the accident. In 2015, 11.7% of all traffic fatalities in the United States were hit-and-runs. Several states reported high rates of hit-and-runs, with Florida, New Mexico, and Louisiana has the highest percentage per capita.
If the driver who hit and ran you were not insured, you might be able to file a claim against their insurance company. Uninsured motorist property damage coverage may help you pay for your medical bills. While it is not mandatory in most states, it can help you get a second policy.
Collision coverage
Your collision coverage pays for repairs if your car is hit by another vehicle. If the other driver is uninsured, you may be able to claim the damages on your policy. However, you must pay a deductible if you are the at-fault driver.
Generally, collision coverage pays regardless of fault. In addition, insurers only reimburse third-party claims if the investigation proves that the insured party was at fault. This investigation can take some time and may involve getting a police report and contacting witnesses. Also, the other insurance company may try to delay the process until you accept responsibility for the accident.
If you are involved in a hit-and-run accident, it’s important to contact your insurance provider as soon as possible. This will help you file an accident claim and apprehend the guilty driver. It is also a good idea to call 911 if you or the other driver were injured in the accident. If the driver did not stay at the scene, you can use the police report to get the details.
Personal injury protection
A hit-and-run accident can raise the cost of your injury protection insurance. This cost will depend on the insurer and state in which the accident took place. For example, some states don’t raise premiums for at-fault drivers, but in Florida, a hit-and-run accident will likely increase your rate. This is true even if the other driver was clearly at fault.
Personal injury protection insurance can cover the costs of medical treatment, hospitalization, and other expenses if you are injured in a hit-and-run accident. In addition, you may also be covered for funeral expenses and lost wages. In some states, it’s required that drivers carry this type of insurance, so it’s best to make sure you have the coverage you need.
A UIM or UM policy will cover any medical expenses incurred by you or another party in the accident. It also covers medical expenses for the injured person, no matter who was at fault. MedPay is another option that may be available in your state.