Hit and Run Accident Insurance
Hit and run accident insurance is covered under uninsured motorist (UM) bodily injury and property damage coverage on an insurance policy. This coverage is very valuable because a driver’s other type of coverage may not cover the damages or bodily injuries caused by a hit and run or “phantom” driver.
Uninsured motorists are drivers who have not followed the rules of their states and prepared to take financial responsibility for car collisions that they cause, and hit and run drivers often fall under this category. These people are breaking the laws of their states when they decide to leave the scene of an accident without leaving their insurance information.
Often hit and run drivers do not have insurance and flee the scene as they do want to be caught and held responsible for paying for the damage caused. In some states, UM is required coverage.
Uninsured Drivers Face Stiffer Penalties in England
States With the Most Uninsured Drivers
Since people cannot purchase hit and run car insurance, they will want to inquire into the uninsured motorist insurance policies that their companies offer. This coverage is especially helpful for those who are in states where there is a high number of people driving without insurance.
The Insurance Research Council discovered that the states with the highest numbers of uninsured motorists currently are:
New Mexico; with 29 percent of its drivers uninsured
Mississippi; at 28 percent
Alabama; at 26 percent
Oklahoma; at 24 percent
Florida; at 23 percent
Since it is highly likely that uninsured motorists are going to be the ones who will flee an accident that they have caused, uninsured motorist coverage would be very helpful to drivers in these states.
Uninsured Motorist Bodily Injury and Property Damage
Auto insurance companies sell uninsured motorist coverage that covers property
damages, so innocent drivers, passengers and property owners who need to have their
vehicles repaired or replaced will have money for these purposes. People will be able to purchase uninsured motorist coverage for their bodily injuries. When policyholders need to access their uninsured motorist coverage, they will not be deemed responsible and see their rates increase because they filed a claim.
People who will be covered on the uninsured motorist bodily injury policies include:
The policy holder
Members of the policy holder’s household
The policy holder’s passengers
After being struck by a hit and run driver, an uninsured motorist policy will pay the insured’s medical bills and other economic damages pursuant to the policy. Those who purchase uninsured property damage coverage will receive payment for their repair bills up until the limits of the policy.
Uninsured motorist property damage coverage is particularly advantageous for those who do not have collision coverage. If they an insured does have collision when it a hit and run accident, their uninsured property damage insurance would be the primary form of coverage. No matter what your situation, having hit and run accident insurance is valuable protection.