Hit and Run Insurance is NOT a separate insurance policy
Hit and Run Insurance , IS, however, another name for one of the coverages already available on your auto insurance policy.
When I get the question about hit and run insurance what I believe you’re asking me is this- “What type of insurance fixes my car if it gets damaged by a hit and run driver?” Is that a correct assumption?
Hit and Run Insurance is another name for collision coverage on your auto insurance policy
Yep- the same collision coverage you’re probably already familiar with.
Collision coverage has one simple goal- to fix your car if it gets damaged due to a collision (hence the catchy title). For anything other than an unfortunate meeting with an animal, collision’s the go-to coverage.
Here’s how the collision coverage would function in a hit and run situation
This type of claim happens a lot: you come out of the grocery store and notice a long scratch down the side of your car. Or maybe there’s a dent- on your door, bumper- you get the picture.
There’s no note identifying who hit your car or what happened. No witnesses either. The typical “phantom driver” situation.
If you have collision coverage, you can use it to get your car fixed.
Note: although the claim is not your fault, if you suddenly have half a dozen of these occurrences, the insurance company is going to get testy. They could raise your collision deductible in the hopes the frequency will reduce. Worst case scenario: they could cancel or non-renew your policy due to frequency. Yep- I’ve seen it happen.
Typical process to getting your car fixed after a hit and run
Here’s how I guide customers through the hit and run situation
- If you have collision coverage, we’ll review your deductible. Remember, you’re still responsible for that deductible. If it’s a collision claim, it must come into play regardless of the circumstances. Yes, I know it BLOWS that you have to pay even though it’s not your fault. That’s just the way it is.
- If the damage looks pretty minor, yet you have a $1,000 collision deductible, you may be better off NOT filing a claim. Nothing sucks worse than turning in that claim to find out you have $1,050 in damage.
- If the damage amount is not easy to guess at first blush or if you just want some additional peace of mind, by all means get an estimate from a body shop. Only then will you know for sure if it’s worth turning in the claim and letting insurance pay for the repair.
- Once the adjuster OK’s your estimate, you schedule an appointment with the body shop.
- Adjuster sends you a check for the amount of the estimate minus the deductible amount.
- Pick up your fixed car and sign the check over to the body shop.