The way you handle someone hitting your parked car can be different if they stay or leave the scene. If the at-fault party stays then you may be covered under their liability insurance. If the at-fault party runs then you may be covered under either your collision coverage or uninsured motorist coverage. Knowing what to do in each scenario may help you ensure you have the right car insurance coverage in place. It may also help you know what steps to take in each situation.
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What kind of insurance covers me?
Depending on the situation when someone hits your parked car, you may be covered by one of three different coverages: the at-fault party’s liability property damage, your collision coverage or your uninsured motorist coverage.
While comprehensive insurance provides physical damage coverage to your vehicle, it only covers things like broken glass, theft, vandalism, hitting an animal and natural disasters. If someone hits your parked car and sticks around or leaves a note, you will be covered by their property damage liability coverage. If you are the one who hits a parked car then it is your property damage liability insurance that will cover the damages to their car.
However, if you are the victim of a hit and run where someone hits your parked car and then disappears, it is your collision insurance that will kick in to cover the damages. You will, however, need to pay your deductible. Additionally, if you...
Read Full Story: https://www.bankrate.com/insurance/car/does-insurance-cover-parked-cars/
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