collision coverage Definition

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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collision coverage is ...
... part of the Insurance subject.

Related Terms

bodily injury coverage - More

property damage coverage - More

comprehensive coverage - More

uninsured motorist coverage, underinsured motorist coverage

collision coverage appears in the definitions of these other terms on BusinessDictionary.com

automobile insurance

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