Final answer:
Uninsured Motorist Coverage is the auto coverage that pays for damages in a hit-and-run incident. It is distinct from collision, comprehensive, and liability coverages, each serving different purposes in protecting a driver's financial interests after an accident.
Step-by-step explanation:
The type of auto coverage that pays for your damages if you are involved in a hit and run is Uninsured Motorist Coverage. This coverage is specifically designed to protect you in cases where the other driver is not insured or cannot be identified, such as in a hit-and-run scenario. Let's break down the options given to address their purposes:
- Collision Coverage: Pays for the damages to your car when you are at fault or when an accident occurs, regardless of the responsible party, but it does not cover hit-and-run incidents when the at-fault driver is unknown.
- Comprehensive Coverage: Covers events that are not collisions, such as theft, vandalism, or natural disasters.
- Uninsured Motorist Coverage: Protects you when an at-fault driver does not have insurance or in the case of a hit-and-run.
- Liability Coverage: Covers damage and injuries you cause to others while driving; this does not cover your own vehicle's damages.
Therefore, if you are the victim of a hit and run, Uninsured Motorist Coverage is the part of your car insurance policy that would provide you with coverage for the damages incurred.