The Motor Insurance Bureau carries out an exceptionally important function with the United Kingdom and gives drivers a chance of readdressing issues in unusual situations where an accident has occurred. In most instances, this will include hit-and-run accidents or collisions with uninsured drivers. However, there are many other areas where the Motor Insurance Bureau can step in to help reach a sensible and practical resolution.
Originally founded in 1946, the Motor Insurance Bureau has always been a private entity and it still remains as one to the present day. The organization was created as a means of offering motorists compensation if they were involved in an accident with an uninsured driver. Since the Road Traffic Act was passed in 1988, every licensed insurer in the UK has been obliged to join the Motor Insurance Bureau as members and this is the most significant way in which the organization gathers funding. The Motor Insurance Bureau also relies on government funding and this additional level of input is largely used to help victims of car crime.
If an accident occurs where a driver turns out to be uninsured, the Motor Insurance Bureau will take the case on and gather information relating to the incident by using police reports, CCTV footage and eyewitness accounts. In instances where the guilty party in an accident can’t be located, such as a hit-and run incident, the Motor Insurance Bureau will pay compensation out of a central fund. However, it should be noted that the ceiling level for compensation is actually quite low and a private prosecution will often reap higher levels of recompense so long as this is pursuable avenue.