1. Uninsured Drivers' Agreement: MIB operates the 'Uninsured Drivers' Agreement' which compensates victims who are seriously injured or killed in accidents caused by uninsured or untraced drivers. In such cases, MIB steps in to provide financial support to the victims or their families, ensuring that they are not left without compensation due to the irresponsible actions of uninsured drivers.
2. Third Party Claims: MIB also handles third-party claims against unidentified or untraced drivers. If you are involved in an accident with an unidentified driver or a vehicle that cannot be traced, MIB may assist you in pursuing your claim and obtaining compensation for any damages or injuries.
3. Vehicle Information and Registration: MIB maintains an extensive database of vehicle registration and insurance information, which is shared with law enforcement agencies, insurance companies, and other relevant organisations. This database helps in identifying uninsured drivers, combating fraud, and ensuring compliance with insurance requirements.
4. Claims Handling: MIB manages and processes claims related to uninsured and untraced drivers, streamlining the process and providing support to policyholders. It works closely with insurance companies and other stakeholders to facilitate claim settlements and ensure prompt compensation for victims.
5. Promoting Insurance Awareness: MIB actively engages in raising public awareness about the importance of motor insurance and the consequences of driving uninsured. It conducts campaigns and educational initiatives to encourage drivers to obtain and maintain valid insurance policies, thereby reducing the number of uninsured vehicles on the road and enhancing road safety.
By fulfilling these functions, MIB plays a crucial role in protecting the interests of policyholders, providing compensation to victims of uninsured drivers, and promoting responsible driving and insurance compliance in the UK.
