Collision insurance is a coverage that helps pay for the repair or replacement of your automobile if it is damaged in an accident with another vehicle or an object like a fence or a tree. This type of insurance is often added as an extension of a basic automobile policy to protect drivers in the event of damage from a collision.
What Collision Insurance Covers
Collision coverage helps pay to repair or replace your vehicle if the damages were caused by:
- Collision with another vehicle
- Collision with an object
- A single-car accident that involves rolling or falling over
What Collision Insurance Doesn’t Cover
- Damage to your vehicle not related to driving, for example, theft or vandalism
- Damage to another vehicle involved in an accident
- Your or another person’s medical bills
Collision coverage has a deductible, which is the amount you pay before your coverage helps pay for your claim. Depending on your insurance, you may have options for your deductible to choose from. Deductibles typically vary from $250 to $1,000, but the value of your automobile is an essential aspect to consider when deciding on your deductible.
Collision coverage has a limit, which is the most your insurance will pay out in the event of a covered claim. The collision coverage limit is usually the real cash value of your car (its value minus depreciation).
When deciding whether you need a collision coverage, first think about how much it would cost to repair or replace your vehicle if it were damaged or destroyed in an accident. If you don’t think you would be able to repair or replace your vehicle after an accident, then we can help you purchase Collision Coverage at affordable rates. Don’t predict, protect your car now!
