Collision Coverage

Collision Coverage Collision coverage helps pay to repair or replace your vehicle if it's damaged or destroyed in an accident with another car or object, regardless of who is at fault. Collision Coverage is different from liability coverage, which helps pay for damage to another person's car from an accident you cause. Why buy collision coverage? If you owe money on your car, or if you are leasing it, collision coverage usually is not optional; most lenders and lease holders require it. If your car is paid off, however, you can choose whether to buy collision coverage. The question is collision insurance worth it? Yes Consider for example the value of your vehicle: If your vehicle is brand new or still worth a considerable amount, collision may make sense as it can help you pay for expensive repairs or a replacement if it's damaged. This type of insurance is separate from a comprehensive automobile insurance policy but often added as an extension. Collision insurance cost vary, to determine that it will depend on ; Car’s value, Vehicle’s year, make and model, Deductible amount. When it comes to insurance, usually the lower your deductible amounts, the higher your premium. So, if you plan to buy auto collision coverage, selecting a higher deductible generally helps lower the cost of your auto insurance. Collision only provides coverage for damages to your vehicle. That means it wouldn't pay for damage to another person's vehicle or property. Collision also doesn't cover all damage to your vehicle. Examples of damages not covered are:Theft, Vandalism, Floods, Fire, Hitting an animal. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful