What is collision coverage in auto insurance? India

11 Comments

1. admin says:

   July 10, 2009 at 12:03 am

   Covers damage to your car when your car hits, or is hit by, another vehicle, or other object. Pays to fix your vehicle less the deductible you choose. To keep your premiums low, select as large a deductible as you feel comfortable paying out of pocket. For older cars, consider dropping this coverage, since coverage is normally limited to the cash value of your car. Coverage is limited to the terms and conditions contained in the policy. This is not required by a state, but if you have a loan or a lease then the lien holder will require it.

   How much protection does this coverage provide?
   The amount you see typically refers to the deductible, or the portion of a claim that you’re responsible for paying.

   A higher deductible can substantially lower the cost of insurance premiums. You should balance this savings against your ability to absorb a larger out-of-pocket expense.
   For example, if you set your deductible at $1,000 and your car sustains damages totaling $1,500, you will pay $1,000 and your insurance company will pay $500.

   Who might benefit from buying Collision coverage?
   If your car is financed or leased, the finance company will probably require that you carry this coverage.
   If you have a newer vehicle or one in excellent condition, you may need this coverage to replace or repair the vehicle in case of loss.
   If you have an older car or one in poor condition, you may not want to pay for this coverage.
2. admin says:

   July 10, 2009 at 12:03 am

   Collision coverage is for damage to your vehicle (physical damage)from colliding with another object whether you are at fault or another driver hits you.

   Comprehensive coverage is physical damage to your car other than collision, such as fire, vandalism, theft, etc. Glass and deer strikes are filed under comprehensive.
3. admin says:

   July 10, 2009 at 12:03 am

   Collision coverage is designed to help for paying for the damage to your own automobile. In this insurance policy, collision coverage pays for auto repair or replacement costs, if your car hits another vehicle or object or if your car rolls over.
4. admin says:

   July 10, 2009 at 12:03 am

   If the insured car is damaged in an accident and the accident is the fault of the driver of the damaged car, the Insurance Company will pay for the repair of the car up to the blue book value.
5. admin says:

   July 10, 2009 at 12:03 am

   it pays if your car collides with something else, to fix your car. it pays regardless of fault