What’s called a “hit-and-run” accident can be more broadly defined than you might assume. It’s not just the dramatic hit-and-run like those in the movies (cue car chase and mystery driver who actually has personal motive to hit your vehicle). A hit-and-run accident can involve cars, pedestrians, or even other pieces of property. If you’ve ever walked into the parking lot and felt your stomach sink to your toes at the sight of the shiny new dent in the rear of your vehicle, you know it takes a lot to quell the anxieties that come along with a hit-and-run. As an anticipatory measure, take a look at your coverage as it extends to hit-and-runs. Here’s the quick overview of the two types of coverages you should investigate:
Collision Coverage: As the name insinuates, collision coverage accounts for any damages caused by collision with another vehicle or object, or if your vehicle has flipped upside down.
Example: Cruising (but at the speed limit, of course) down the 405 on one of the rare occasions it’s not completely jammed, and one of those crates of lemons flies off of the rear of the truck ahead of you. This makes you swerve, and as a result flip over the guardrail. Health-wise, all is well…but the car is another story. This calamity would be paid for through your collision coverage.
Or, in a more realistic hit-and-run scenario, your vehicle was sideswiped while you were inside the library returning books. The mirror was ripped off, and the entire left side is torn up. Hopefully, you have collision coverage.
Comprehensive Coverage: A less descriptive name, comprehensive coverage will pay for other types of damages, such as: natural disaster (fire, wind, hail, earthquakes, etc), explosion or vandalism.
Example: Those crazy neighbor kids got it in their head to teepee and paint on your car. Unfortunately, their light-hearted fun became a financial burden once you realized their paint, when removed, takes off your car paint as well. On top of that, they accidently broke one of your windows. But you have the comprehensive coverage to take care of it, right?
As your car loan is paid off, it might be tempting to drop or reduce coverage on your policy. Your premium is reduced, but the risk is transferred back to you. In the case that you do find yourself the victim of a hit-and-run accident, cover the basics:
- First and foremost, stay calm and don’t panic. Stop and think before you take any actions.
- If you are able, record any information about the car that hit you: make, model, and license plate number.
- Identify possible witnesses. Witnesses can help fill in the gaps. Also look for surveillance cameras which may have captured the hit-and-run.
- Gather the following information, to provide to your insurance company:
- Date, time, location
- Pictures of your car
- Pictures of the accident scene
- Do not let anger or frustration take over and chase the driver. This puts both your life and the lives of other in danger. Call the police immediately and file a report, which will go much further in the claim filing process.
Take a look at your coverage today, and make sure you would be covered in the event of a hit-and-run. Need some help with that? Whether you’re deciding to change your plan or open a new policy, BMR Insurance is here to make sure you take the right steps for you and your situation. Call us today at 714-838-1911 for a free quote. Drive safe and let us know how we can help!
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