collision coverage
Definition
Insurance designed to pay for the repair or replacement of the policy owner's car in the event of an accident, no matter who caused the accident. Collision coverage usually requires the payment of a deductible when a claim is made and may be required to secure a new car loan.
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Related Terms
bodily injury coverage, property damage coverage, comprehensive coverage, uninsured motorist coverage, underinsured motorist coverage
'collision coverage
' appears in the definitions of these other terms on BusinessDictionary.com
collision insurance
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