Hit-and-Run: Does Your Auto Insurance Policy Cover You?

Being involved in a hit-and-run car accident can be scary and frustrating. If you are involved in an automobile accident, you are required by law to stop and exchange information with the other driver. But if a driver takes off instead of stopping, your head may be swirling with questions. Here at Memorial Insurance Agency, serving the greater Houston, TX area, we are often asked if auto insurance offers coverage in the event of a hit-and-run accident. You may be covered only if you carry one of these two types of policies. 

Collision Coverage

Collision coverage will cover both your vehicle and any injuries you or your passengers may sustain if a driver hits you and fails to stop. Your insurance company often requires that you report the accident to the appropriate authorities in order to provide coverage for a hit-and-run accident. Additionally, you are typically required to pay the deductible, even if the accident was not your fault, unless the hit-and-run driver is found. 

Uninsured Motorist Property Damage Coverage

Collision coverage does more than provide coverage for hit-and-run drivers. Unfortunately, not every driver needs the coverages it provides. If you are looking to simply protect against uninsured or hit-and-run drivers, some insurance companies offer a coverage called uninsured or underinsured motorist property damage coverage. This type of insurance will protect you against a driver who does not have insurance, does not have enough insurance coverage to cover the damage they caused and/or if you are involved in a hit-and-run accident. 

Unfortunately, not every auto insurance policy type provides any or ample coverage if you are involved in a hit-and-run accident. This is why it is so important to ensure that you have the best auto insurance policy for your needs. Here at Memorial Insurance Agency, serving the greater Houston, TX area, we will help you select the best type of auto insurance policy for you. Call us now to learn more.