Hit-and-run accidents can be shocking and leave you wondering if your insurance will go up. This article explains what a hit-and-run is, Will A Hit-And-Run Claim Raise My Insurance, and the steps you should take after being involved in one.
Will A Hit-And-Run Claim Raise My Insurance
Being the victim of a hit-and-run accident is an unsettling experience. The shock, worry, and uncertainty can be overwhelming.
One of the top concerns that follows, naturally, is the financial impact – will a hit-and-run claim raise my insurance?
What is Hit and Run
First, let’s define the culprit: a hit-and-run occurs when a driver crashes into a vehicle or person and flees the scene without providing their information.
This cowardly act leaves the victim scrambling for solutions, often relying on their insurance coverage.
Will A Hit-And-Run Claim Raise My Insurance
Now, the million-dollar question: will a hit-and-run claim raise my insurance? The answer, unfortunately, is a bit hazy. It depends on a tangled web of factors like:
- Your insurance company: Some companies are more lenient than others regarding not-at-fault claims. Talk to your insurer directly to understand their specific policy.
- Your driving history: A clean driving record can act as a shield, making your insurance less likely to increase after a hit-and-run.
- The type of claim:Â Filing a collision claim for vehicle damage might have a different impact than a claim under uninsured motorist bodily injury (UMBI) coverage for personal injuries.
- Claim frequency: Even if you weren’t at fault, frequent claims, even for hit-and-runs, can raise your rates over time.
Steps To Take After Hit And Run
Don’t worry if someone hit you and took off. Here are some crucial steps to take:
- Stay calm and ensure safety: Check yourself and others for injuries. If needed, call emergency services immediately.
- Gather evidence: Take photos of the damage, the surrounding area, and any debris. Note any witnesses and their contact information.
- Report the incident: File a police report and contact your insurance company promptly. Cooperate with their investigation.
- Seek legal advice: Consider consulting a lawyer, especially if you sustained injuries or significant property damage.
Hit-and-Run Coverage: Your Lifeline
Fortunately, most auto insurance policies offer hit-and-run coverage under different names like UMBI or uninsured motorist property damage (UMPD).
These coverages step in when the at-fault driver is unknown or uninsured.
Factors That May Affect Costs Of Hit And Run Coverage
Hit-and-run coverage isn’t free. It usually comes at an additional cost added to your premium. The cost of hit-and-run coverage can vary based on:
- Your location:Â Premiums tend to be higher in areas with higher rates of hit-and-runs.
- Your driving profile: Age, experience, and driving record can influence the cost.
- Coverage limits:Â Opting for higher coverage amounts will naturally lead to higher premiums.
Hit-and-Run Quick Facts
- Not all states require hit-and-run coverage, but it’s highly recommended for peace of mind.
- Filing a hit-and-run claim might not always raise your rates, especially if you weren’t at fault.
- Consider raising your deductibles to lower your premiums, but remember you’ll have to pay more out of pocket if you need to file a claim.
Frequently Asked Questions Will A Hit-And-Run Claim Raise My Insurance
Q: My car was hit in a parking lot, and the driver drove away. Is that considered a hit-and-run?
A: Yes, if the driver left without leaving their information, it’s a hit-and-run, even if parked.
Q: I was injured in a hit-and-run. Will my insurance cover my medical bills?
A: This depends on your UMBI coverage. Check your policy details or contact your insurer.
Q: Can I still file a claim if I don’t know the license plate number of the car that hit me?
A: Yes, you can still file a claim even without the license plate number. Police reports and witness testimonies can help support your claim.
Conclusion
Being the victim of a hit-and-run is stressful, but understanding your insurance coverage and taking the right steps can ease the burden.
Don’t hesitate to reach out to your insurance company and legal counsel for guidance. Stay safe on the road, and be prepared for the unexpected.
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