According to the AAA Foundation, 11% of car accidents are hit-and-runs - more common than you might think.
If you're a victim of a hit-and-run does insurance cover the accident?
If the person at fault is found, his liability insurance should take care of the damage and any deductible.
If the person can't be located or is found but doesn't have insurance, coverage falls on your insurance policy.
Your standard/liability-only auto policy doesn't cover these accidents. Several options you've hopefully already added to your policy might help:
uninsured motorist - If the person causing the accident takes off and isn't found, he is now considered an uninsured/underinsured motorist by default. This may cover bodily injury and, depending on the state, possibly your vehicle damage, minus a deductible.
collision - It can cover your vehicle damage up to your policy's limits, less a deductible.
medical payments - Its availability varies by the state, but this can cover medical expenses and usually doesn't have a deductible.
personal injury protection - Like med pay, it's not available in all states. It can cover expenses related to medical items like follow-up visits, prescriptions, and lost wages.
Filing the claim on your policy may affect your rates at renewal time. So, before you actually file the claim, get an estimate on the cost of repairing the damage and see if you can afford to pay for it out of pocket.
Don't compromise your safety on the road. Learn more about these auto insurance coverage options and request a quote today: 706-726-1446.