unidentified vehicle damages
The data below shows claims
processed against the statutory provision for unidentified vehicle damages.
Total claim numbers and total payments made are indicative of the frequency and
severity of hit and run vehicle damage claims that were covered under Basic
insurance. The data covers fiscal loss years 2016, 2017, 2018, 2019, and 2020,
using data as of June 30, 2020.
Fiscal Loss Year
runs from April 1 to March 31.
Claim Count is the
claims exposure count of open and closed claims with amount paid for vehicle
damage under Basic insurance as of June 30, 2020. It does not include claims
where the only payment made was for bodily injury and/or non-vehicle property
Incurred Amount is
calculated as: Losses + Expenses + Reserves – Recoveries. Incurred amount for
fiscal loss years 2016-2018.