Car accidents are an unfortunate reality of life on the road. While most drivers in Ontario are insured, there are instances where you might find yourself involved in an accident with an uninsured or unidentified driver. This is where unidentified and uninsured coverage, mandated by the Ontario Insurance Act, comes into play. This guide will shed light on this essential coverage, ensuring you’re prepared for the unexpected.
What is Unidentified and Uninsured Coverage?
Unidentified and uninsured coverage is a mandatory component of every auto insurance policy in Ontario. It provides financial protection if you’re injured or your vehicle is damaged in an accident caused by:
- Unidentified Driver: This refers to hit-and-run accidents or situations where the at-fault driver cannot be identified.
- Uninsured Driver: This covers accidents caused by drivers who do not have valid insurance coverage.
Understanding the Coverage:
Unidentified and uninsured coverage typically includes:
- Bodily Injury: Covers medical expenses, rehabilitation costs, and income replacement if you or your passengers are injured in an accident.
- Property Damage: Covers the cost of repairs or replacement of your vehicle if it’s damaged in the accident.
- Death Benefits: Provides financial support to your family if you or your passengers are killed in the accident.
Limits of Coverage:
The minimum limit for unidentified and uninsured coverage in Ontario is $200,000. However, you can choose to purchase additional coverage to increase your protection.
Making a Claim:
If you’re involved in an accident with an unidentified or uninsured driver, you must report the accident to the police as soon as possible. You will also need to notify your insurance company and provide them with all relevant details, including:
- Police report number
- Details of the accident
- Information about the other driver (if known)
- Witness statements (if available)
Your insurance company will investigate the claim and assess the damages. If your claim is approved, they will provide you with compensation according to your policy limits.
Additional Considerations:
- You are not required to purchase additional uninsured automobile coverage if you already have adequate accident benefits coverage.
- If the at-fault driver is identified but uninsured, you may be able to sue them directly for damages. However, this can be a complex process, and it’s advisable to consult with a lawyer.
Protecting Yourself:
Unidentified and uninsured coverage is essential for protecting yourself and your loved ones on the road. It provides a safety net in situations where the at-fault driver is unable or unwilling to compensate you for your losses. Be sure to review your auto insurance policy and understand the extent of your coverage. Consider increasing your coverage limits if you feel they are inadequate.
