Does your insurance cover hit and runs? Yes, insurance will cover a hit and run accident, but only if you have the right coverage.
Let’s talk about it-
Does Insurance Cover Hit And Run Accidents?
Someone hits your car either while it’s parked or while you’re driving down the road and they take off. You can’t find them unless you can fly and you can get up in the sky really quick and go and track them down. You’re out of luck. You have to rely on your insurance company to take care of your vehicle. You’re stuck with a damaged vehicle and maybe even medical injuries.
Does your car insurance cover this?
Let’s talk about the coverage you need to make sure that you are covered in the event of a hit and run.
The first coverage you need to have for the damage to your vehicle to be covered is collision coverage. We’ve talked about collision coverage before, click here to learn more about collision coverage.
Collision coverage covers the actual damage to your vehicle, if it needs to be repaired or fully replaced. Some companies will waive your collision deductible (usually $500 or $1,000) if it is a hit and run, some won’t. It just depends on your insurance company, but it never hurts to ask if you’re in that situation.
Medical Injuries In A Hit and Run
Now, what if you have medical injuries? Is there a coverage for that if you’re involved in a hit and run? If you have uninsured motorist coverage, this coverage should be able to help pay for any medical injuries that you have. This is a very important coverage for a number of different reasons, not just for hit and runs. Do not buy a policy without uninsured and underinsured motorist coverage. You have to have this coverage. For more information about what it is and what it covers, click here.
Medical payments coverage is also a very valuable coverage that you could have that would potentially help pay for any medical injuries that you sustained in a hit and run accident. Medical payments generally pays out for any medical injuries that you or passengers in your vehicle have, regardless of who was at fault. You’re at fault, someone else is at fault, it’s a hit and run, it doesn’t matter who was at fault, this is a coverage that generally pays out regardless. For more information about medical payments coverage, click here.
Does Liability Insurance Cover Hit And Run?
Bottom line, if you want to make sure that you are covered for a hit and run accident, you can’t go cheap and just get a liability only policy. If you have a liability only policy and a hit and run occurs, your insurance company is going to tell you, “Sorry, but we’re not helping.” If you want to make sure you’re covered because you like your vehicle, and you don’t want to pay for out of pocket medical expenses, make sure that you have collision coverage, uninsured motorist coverage, and medical payments. And in the event of a hit and run, you should be taken care of by your insurance company.
You may be the perfect driver. You yourself may never cause an accident. But guess what? You can not control what other drivers on the road are doing. They’re dishonest, they’re bad drivers, they’re distracted drivers. So make sure that you have sufficient coverage, not just for you as a great driver, but for all those other crazy drivers on the road because you never know what will happen.
As we always discuss, it’s important to work with an independent insurance agent. They have the experience needed to guide you to purchase the correct policy. They ask the right questions and understand your situation so you can be properly insured. Simply buying a policy online will not suffice when trying to adequately protect your assets. If you’d like to work with an experienced insurance agent, click here to get started.
Thanks for reading. As always, I’m here to help to review your insurance policy even if you don’t want me to shop your policy, I’m more than happy to look at your policy and let you know suggestions, what I would change, what I would add, what I would remove, what I think you’re paying too much for. I’m always happy to take a look at your policy.