Untraced Drivers Agreement Costs

Untraced Drivers Agreement Costs: What You Need to Know

When it comes to car accidents, there are a lot of factors to consider. One of the most frustrating situations is when the driver at fault cannot be identified or located. This is where the Untraced Drivers Agreement (UDA) comes in. The UDA is a form of insurance that covers the costs of damage or injury caused by an unidentified or untraceable driver.

However, many people don`t understand the costs associated with the UDA. Here`s what you need to know:

1. The cost of the UDA is included in your car insurance premium.

The UDA is not a separate insurance policy. Instead, it is included as part of your standard car insurance premium. This means that you are already paying for it, whether you realize it or not.

2. The UDA covers both property damage and personal injury.

If you are involved in an accident with an untraceable driver, the UDA will cover the costs of any property damage or personal injury that you incur. This could include damage to your car, medical bills, lost wages, and more.

3. The UDA has a limit on the amount of coverage.

Like any insurance policy, the UDA has a limit on the amount of coverage that it provides. In the case of the UDA, this limit is £1 million for personal injury claims and £1 million for property damage claims.

4. The UDA has a deductible.

Most car insurance policies have a deductible that you must pay before the insurance kicks in. The same is true for the UDA. The deductible for the UDA is currently £300, but this amount may vary depending on your specific insurance policy.

5. The UDA may affect your no-claims bonus.

If you make a claim under the UDA, it may impact your no-claims bonus. This is because a claim under the UDA is considered a fault claim, even if the other driver cannot be identified. This means that your insurance premium may go up the following year.

In conclusion, the Untraced Drivers Agreement is an important component of your car insurance policy, but it`s important to be aware of the costs and limitations associated with it. If you are involved in an accident with an untraceable driver, be sure to contact your insurance company as soon as possible to discuss your options.