Does My Auto Insurance Policy Cover Hit-and-run Damages?

Car insurance helps to cover the repair or replacement cost of your vehicle after it is damaged by a covered peril. It may also cover medical bills to treat your injuries and those of others involved in the accident. Here are some of the different types of coverages that can help with the expenses after a hit-and-run accident:

 1. Collision coverage

This policy helps cover the repair costs regardless of who was at fault. In the event of a hit and run accident, you do not need the presence of the other driver before you can make a claim. However, this policy comes with a deductible, a portion of the expenses you must pay out-of-pocket before the policy kicks in. A way to evade the deductible is if the runaway driver is found and has insurance so that you can recover your deductible from their provider.

2. Bodily injury coverage for uninsured motorist

This coverage helps cover the treatment costs and compensates lost wages if you get injured in an accident caused by a motorist who does not have auto insurance. Generally, uninsured motorist bodily injury coverage does not have a deductible.

3. Uninsured motorist property damage coverage

This coverage kicks in to cover repairs to your car if it is damaged by another driver who does not have coverage. This type of insurance coverage is not applicable in every state. While the policy may assist with hit-and-run expenses in some states, it may not work in others, so it is best to contact your insurance provider to know whether your plan provides uninsured motorist property damage coverage or not. The downside of this coverage is that it has a deductible.

4. Medical payments coverage

This plan covers your hospital expenses after an auto accident regardless of who is at fault. This coverage is limited to certain states in the USA. However, its coverage includes hit-and-run accidents and typically does not require a deductible.

5. Personal injury protection (PIP)

Personal injury protection provides coverage for you and other passengers involved in the accident. PIP has extensive coverage, as it can also help pay for lost income if the injuries affect your ability to work. It also provides coverage for your kids during this time. The coverage under this policy varies from state to state, and deductibles are dependent on state laws.

Do hit and run insurance claims have deductibles?

Several factors are considered to determine whether or not you will pay a deductible for a hit-and-run insurance claim. This largely depends on the circumstances of the accident and the type of car insurance policy you have.

Coverages like uninsured motorist property damage or medical payments do not typically require deductibles. Others like uninsured motorist bodily injury and collision coverage need you to pay a deductible, while state laws determine some.

Do hit and runs impact my premiums?

Like any insurance policy, making claims tend to increase your premiums. It is best to keep your hit-and-run claims as low as they go on your insurance record. Increased claims on your record can make you a high-risk policyholder.

Will my auto liability insurance cover hit and run?

Liability insurance covers damages to other people’s vehicles or properties. It does not cover hit-and-run accidents. You cannot make a hit-and-run claim on your auto liability policy. This type of policy only works when a driver at fault flees the scene, and you can’t make a claim through his insurance.

At Family Financial Insurance Group, we help you take out an auto policy to protect you against emergencies. Reach out to our insurance experts to discuss your coverage options. Contact us today to get started!

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