Quick Answer:
“Collision” physical damage coverage for your automobile.
Just as the name implies, with “collision” coverage you are asking the insurance company to pay in case your car comes into contact with another vehicle or object while moving. In most cases, it will even pay if your car is upset (your car rolls-over). This is different from “comprehensive” coverage that pays for some claims that could occur to your car while it is not moving (with a few exceptions).
When you select to insure your car with “collision” coverage, you are asking the insurance company to provide coverage for your expenses to repair or replace your vehicle after a collision. As you can imagine, that could become quite expensive if you had to pay out-of-pocket. This coverage is also useful when you have a loan or lease on the car. In fact, most lenders or lessors will require it in order to secure a loan.
There are several different types of collision coverage offered by most insurance carriers. Be sure to check out our article that reviews the “Broad, Standard and Limited” collision options.
For more information or help, Call Us Today at 269-381-9442 or 1-888-378-7464 and one of our iSCHURING agents will be glad to assist.
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