If you've ever had an auto insurance claim you may have heard on of the drivers in the claim referred to as the "at fault" party. That's because most car insurance claims are paid by the at fault party's insurance company. So what happens if you don't know who the at fault party is? What happens in a Hit and Run. We sat down with Tammy Moody, Armour Insurance's, personal line's manager to find out if a hit and run accident will leave you high and dry.
What is a Hit and Run Accident?
A hit and run accident is an accident where your vehicle is hit by an unknown driver. The most common example of this occurs when your vehicle is parked, at work, at the mall or on the street and you come out to get into your vehicle and realize that it has been hit by another driver. Hit and run's also occur when you are driving or occupying your car, but we see these types of claims far less often.
When it is safe to do so and you've ensured there are no injuries requiring immediate medical attention you hsould contact the police and file a police report. The next thing you should do is contact your insurance company to start a claim. Click here to find a claims number for your company.
Will Your Insurance Cover Hit and Run Expenses
If you have collision coverage on the vehicle involved in the hit and run then, yes it will cover the costs for repair. Since your insurance will be covering claim, you will be required to pay your deductible to complete the repairs.
Will it Affect My Claims History?
A hit and run accident will go on your claims history report, but you won't have to worry about your insurance costs skyrocketing afterwards. This type of accident is a "not at fault" accident, so it will not affect your insurance premiums.
If you're unsure if you have the correct coverage, please give one of our brokers a call today. We'd be happy to help.