A New Article Explains How Hit And Run Accidents Influence Car Insurance
Hit-and-runs are serious felonies and the fleeing drivers are susceptible of severe punishments. Furthermore, insurance companies will enact their own punishments. To find out more about what happens after hit-and-run accidents, read the following lines. http://cheapquotesautoinsurance.com provides more info about car insurance and free car insurance quotes online.
Let's analyze two potential situations:
- The policyholder is the victim of a hit-and-run. The first thing to do is to gather as much info as possible. Question eye-witnesses and ask if there are surveillance cameras nearby. Ask info about the fleeing car and driver (model, license number, color, speed and direction) and note the info. Then call the police and ask for a report. This report will be handed over to the insurer. The insurer will cover the accident until the author is caught. After that, the insurer will recover its money for the at-fault driver's insurance company.
- The policyholder causes the accident, runs away but it is caught. The insurance company will pay for the repairs. Then, it will increase the premiums dramatically. If they do not drop the driver, of course. Depending on the number of license points accumulated and state's legislation, the driver may have his license suspended and forced to carry SR-22.
"Besides making you look like a coward, fleeing from a hit-and-run accident is likely to increase the premiums and force the insurer label you as high-risk", said
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