collision insurance的意思|示意

Collision insurance, also known as comprehensive coverage, is a type of auto insurance that covers the repair or replacement of a vehicle that was involved in a car accident. This type of insurance protects the car owner from the financial loss resulting from damages caused by a collision.

Collision insurance usually covers the cost of damages caused by another driver, no matter who is at fault. It also covers damages caused by rough terrain, like rocks or potholes, as well as damages caused by a single driver without another vehicle involved. This type of insurance does not cover any damages caused by weather-related incidents, like flooding or hail, or any damage resulting from vandalism.

Collision insurance is typically an optional coverage and is not required by most states. However, some lenders require it if you are financing your car. This type of coverage is typically only available for vehicles that are less than five years old.

Collision insurance rates can vary widely depending on the make and model of your car, the location where you live, and the deductibles you select. The deductible is the amount of money you must pay before the insurance company will pay for any repairs. It is important to shop around and compare different deals in order to find the one that best fits your needs and budget.

When selecting a collision insurance plan, it is important to remember that while this type of coverage can be beneficial, it can also be expensive. This is why it is important to only select the amount of coverage that is necessary to cover the market value of your car in the event of an accident. This can help you save money and keep your premiums low.