What Is Auto Insurance Collision Coverage
If you live in alberta collision coverage also includes no fault collisions.
What is auto insurance collision coverage. Learn more about the no fault insurance system and how youre covered. This type of insurance is often added as. Collision coverage pays to repair your own cars damage when you hit another vehicle or object. If your car is paid off collision is an optional coverage on your car insurance policy.
The higher your deductible the lower your premium. That means that if you drive your car into another car a fence a pole or a tree or if you roll or flip your car collision insurance covers the damage. Typical deductibles for collision insurance range from 0 to 1000. Minor dents and dings all the way up to full blown car crunching can be repaired or the insurance company can at least pay out enough money to make you whole again.
Collision car insurance definition. If its worth close to or. Collision coverage allows you to file a claim with your car insurance company and have it pay minus your deductible amount for damages received in most auto accidents. Collision coverage on your car insurance policy will repair damages to your vehicle or refund you for the actual cash value of your car if it is totaled when you collide with something while driving your vehicle.
If youre in an accident any amount above your deductible will most likely be covered. In short collision coverage is a type of auto insurance that pays to repair your car when its damaged from hitting something whether its a tree a fence or another car. When considering collision coverage its important to remember your cars cash value. Collision insurance sounds pretty straightforward but it wont cover every bill after a crash.
If youre leasing or financing your car collision coverage is typically required by the lender. Comprehensive coverage is a little different because it protects your car from damage thats caused from things other than an accident. Comprehensive and collision are the two types of physical damage coverage available on car insurance policies. Collision insurance is auto coverage that reimburses the insured for damage sustained to their personal automobile due to the fault of the insured driver.
This type of insurance is different from comprehensive coverage which pays for the repair from other types of accidental damage unrelated to collisions such as fire. Collision car insurance is a type of auto insurance policy that covers damage to a car that results from a collision with another object. Both play an important role in keeping your vehicle in tip top shape. Your cars cash value.
Collision insurance is a coverage that helps pay to repair or replace your car if its damaged in an accident with another vehicle or object such as a fence or a tree.