UNINSURED ROAD ACCIDENT CLAIMS AND THE MOTOR INSURERS’ BUREAU
March 6th, 2009 by HinchliffesPublished in Truckstop News – Â March 2009.
In this month’s issue Steven Hinchliffe of the specialist Personal Injury firm Hinchliffes Solicitors will consider “UNINSURED ROAD ACCIDENT CLAIMS AND THE MOTOR INSURERS’ BUREAU”.
The Motor Insurers’ Bureau (“MIB”) was established in 1946 as an organisation to deal with claims by innocent victims who have suffered personal injury or damage to their property because of a negligent uninsured or untraced driver. The MIB has entered into agreements with the Government to provide financial compensation in these situations.
Under the Road Traffic Act 1988, every insurance company underwriting compulsory motor insurance is obliged to be a member of the MIB and to contribute to its funding. A staggering one out of every 20 drivers is uninsured, and as a result every insured driver pays around £30 more for their premium to cover the claims settled by the MIB.
