The Function Of The Motor Insurers’ Bureau In Making An Accident Claim Against Untraceable Drivers
Being involved a serious car accident is one of the most traumatic experiences that we can endure during our lives. Not only do we have to deal with the injuries that we have sustained, but also the shock of the event. What can make the incident even more alarming is if the driver at fault fails to stop following the accident and leaves the scene. Suddenly the victim is left with the worry of who they can bring an accident claim against. Happily UK drivers can receive invaluable assistance from the Motor Insurers’ Bureau.
Increase in uninsured drivers
A large percentage of motorists that leave the scene of an accident do so because they do not have any car insurance. The number of motorists on our roads without insurance is ever increasing and it is believed that around 1 in 12 drivers do not have a valid insurance policy.
Situation of victim
As well of having the cost of fixing or replacing their car, the victim may also have the worry of not being able to work for a long period. As a result they could face financial hardship if they don’t have the option to bring an accident claim against the person at fault.
How MIB can assist
Set up in 1946, the MIB is an industry organisation that was set up with the aim of helping out drivers that have been involved in an accident with an uninsured or untraceable driver. Any compensation due to the victim will be paid by the MIB, which is in truth funded by law abiding motorists. This works as all insurers are required by law to register with the MIB and make contributions towards their funding. The outcome of this is that every person taking out a motor policy pays about ?40 more than they would if not for these rogue drivers.
None of us are happy that we have to pay this extra money because of irresponsible drivers, but the fact that you are still able to bring an accident claim if involved in a hit and run means that the additional cost is truly worth it.