Falling victim to a hit and run accident is another one of those things you think will never happen to you — until it does. Most of the time, our knowledge of hit and run accidents comes from television or third hand anecdotes. But what do you really need to know when it happens?
3. Odds Are The Other Party Has Absolutely No Insurance
The reason many at-fault drivers flee the scene of an accident is that they don’t have insurance. Fortunately, uninsured motorist coverage usually covers hit-and-run accident damage. If you have no UM insurance, you may be out of luck. Even if you get the license plate and description of the car that hit you and the police track them down, if they are uninsured, they probably cannot afford to pay for your damages, even if you file a lawsuit against them.
2. Your Insurance Company Is Going To Get Stingy In A Hurry
Insurance companies turn a profit by charging high premiums and paying out low claim amounts. Your insurance company will actively look for ways to reduce the amount of money they must pay you. When you’re in a hit and run, the whole demeanor of your once friendly insurance adjuster might change drastically.
1. You’re Probably Not Going To Get The License Plate Number
Here’s a fun game. Watch this hit and run, and see if you can catch the plate number of the silver car that caused the accident:
Couldn’t catch it, could you? And you were looking for it. Now imagine if you weren’t even expecting it to happen. You wouldn’t have even known you were looking for a plate number until after the SUV spun out. Unfortunately, if you’re in a hit and run, your odds of getting an accurate read on the plate number are pretty slim.