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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.


Related Terms

bodily injury coverage -  More

property damage coverage -  More

comprehensive coverage -  More

Related Terms on BusinessDictionary

automobile insurance

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collision coverage is ...

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