The Motor Insurers' Bureau (MIB)

motor insurance database

The Motor Insurers' Bureau or MIB

What Is the MIB ( Motor Insurers' Bureau )

The Motor Insurers' Bureau (MIB) is a UK Guarantee Fund that compensates victims of negligent uninsured or untraced drivers (commonly known as Hit and Run accidents). The Motor Insurers' Bureau is funded via insurance premiums and the typical cost is Ј15-30 per policy. Compensation paid out since 1946 is in excess of 2 Billion pounds. Administration costs alone have risen from 11 million in 2004 to 19 million in 2006.

What does the MIB (Motor Insurance Bureau) pay compensation for?

The Motor Insurers' Bureau will pay for bodily injury suffered by victims of negligent uninsured or untraced drivers and there is no limit to the level of compensation.

The MIB will also pay for property damage as a result of negligent uninsured or untraced drivers. If the damage is a result of an untraced drive... http://go-travel.ucoz.com/news/motor_insurance_database/2013-06-26-4251