Mib Untraced Agreement 2003

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The Motor Insurers` Bureau (MIB) Untraced Drivers Agreement of 2003 is a legal document in the UK that outlines the rules and procedures for people who have been involved in a road accident with an untraced driver.

An untraced driver is someone who was involved in an accident but left the scene and cannot be identified. This can be a frustrating experience for the victim of the accident, as they are left without a responsible party to claim against. This is where the MIB comes in.

The MIB is an organization that was created by the UK government in order to provide compensation to victims of road accidents involving untraced or uninsured drivers. In order to claim compensation from the MIB, the victim must follow the guidelines set out in the Untraced Drivers Agreement of 2003.

The agreement states that the victim must report the accident to the police within 14 days of the incident. They must also make sure that they have written proof of the accident, such as a police report or witness statement. The claim must then be submitted to the MIB within 3 years of the accident.

If the MIB agrees that the victim has a valid claim, they will provide compensation. However, the amount of compensation may be limited, and the victim may be required to pay a portion of the costs themselves.

It`s important to note that the Untraced Drivers Agreement of 2003 only applies to accidents that occur in the UK. If you are involved in an accident with an untraced driver in another country, you will need to follow the rules and procedures set out by that country.

In conclusion, the MIB Untraced Drivers Agreement of 2003 provides a way for victims of accidents with untraced drivers to claim compensation. However, it`s important to follow the guidelines closely and understand that the amount of compensation may be limited. If you are involved in an accident with an untraced driver, it`s important to report it to the police and seek legal advice as soon as possible.

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