What Insurance Covers A Hit And Run?

What Insurance Covers a Hit and Run Accident? 

If you are involved in a hit-and-run accident, you may wonder what type of insurance will cover you. It’s best to look at your Uninsured motorist coverage and Collision coverage. This type of insurance covers you for any damages your car may sustain. You should also be aware of liability coverage and Personal injury protection coverage. You can ask your current insurer for a quote or shop around for a cheaper rate.
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Uninsured motorist coverage 

If you are involved in a hit-and-run accident, you need to know what your uninsured motorist coverage covers. Often, this coverage is a form of property damage insurance. However, it may not be sufficient if the driver who struck you was driving recklessly. In this case, you should file a claim with your auto insurance company. 

Uninsured motorist coverage varies by state, but in most states, it’s a requirement for insurance. For example, in Mississippi, one out of eight drivers were uninsured in 2019, while in Massachusetts, that number is 3.5 percent. When purchasing uninsured motorist coverage, you should also consider the coverage limit. Typically, drivers use the same limits as they do for their liability insurance, but higher limits can result in higher premiums. 

Collision coverage 

A hit-and-run accident can raise your insurance rates. The amount will depend on the insurer and state you live in. However, there are certain states where you may not be charged extra for a hit-and-run accident. If you are in an accident, the other driver was most likely at fault. In other states, though, your rate may go up even if you weren’t at fault. 

In a hit-and-run accident, you can also claim damages on your collision insurance policy. This type of insurance covers repairs when your car hits another vehicle. However, it comes with a deductible. It is important to note that even if the other driver was at fault, you may be required to pay the deductible for the damage to your car. 

Personal injury protection 

Personal injury protection insurance, or PIP insurance, can cover the cost of your medical expenses if you’re involved in a hit-and-run accident. PIP insurance is not mandatory in all states, but it is important to check with your insurer to make sure that it will cover you in such an event. 

PIP insurance covers the medical bills of the policyholder and his passengers in an auto accident. This type of coverage can pay for medical expenses and lost wages even if the other driver was at fault. It may even cover injuries caused by a pedestrian or cyclist. 

Liability coverage 

If you’re involved in a hit-and-run accident, your liability coverage should protect you from the financial costs of repairing or replacing damaged property. You should contact the police and document the details of the accident. If possible, get the license plate number of the other vehicle. This can help you catch the negligent driver. 

You might also be entitled to compensation for the damages caused by a hit-and-run driver. If the other driver is not at fault, your coverage can help you claim their liability insurance. You may also be able to sue the other driver for punitive damages. 

What Insurance Covers A Hit And Run? | Montag Law