What is the payment amount provided by Uninsured or Unidentified Motorist Protection Coverage for damage caused by a hit-and-run driver?

Uninsured or Unidentified Motorist Protection Coverage is designed to provide financial protection to insured drivers who are involved in incidents with uninsured or hit-and-run drivers. In British Columbia, this coverage typically offers a set compensation amount for damages resulting from such accidents.

The correct payment amount for damage caused by a hit-and-run driver under this specific type of coverage is $400. This amount is significant because it helps cover the costs associated with the accident, such as vehicle repair or medical expenses, that may arise when the responsible party cannot be identified or does not have insurance coverage.

Understanding the specifics of this coverage is vital for drivers to ensure they are properly protected when faced with the uncertainties involved in accidents with unidentified vehicles, which highlights the importance of having adequate insurance coverage that includes provisions for these types of incidents.