Collision coverage pays to repair or substitute your vehicle if you are determined to be ‘at-fault’ (you caused the accident). Typically, a deductible (amount you pay out of pocket) applies to this type of coverage. The most common deductibles are $500 to $1000, but can be lower or higher.
Comprehensive (also known as “Other Than Collision”) coverage is usually included on policies with Collision coverage. It covers theft, vandalism, flooding, fire, animal harm, glass harm (not caused by a collision) and severe weather harm (hail, wind, tornado, hurricane, etc).
If a vehicle is financed, both of these coverages are considered mandatory to protect the lender.
Collision claims will usually cause your insurance rate to increase at your next renewal. Most insurers don’t penalize you for Comprehensive claims because they weren’t caused by your negligence.
What are the definitions for liability insurance medical payments insurance uninsured motorist comprehensive and collision for auto insurance?
Liability insurance: The coverage found on any auto policy that treats harm you cause to another person’s property, either directly or indirectly with your car..
Medical Payments Insurance: Can be either Medpay or PIP. PIP — or “individual injury protection — is required in many states, and essentially treats your medical bills in an auto accident, regardless of who is at fault. (summary:will re-attach your fingers if chopped off in a accident).
Uninsured Motorist: Can be for either property harm or bodily injury, and essentially makes your carrier step in when the at-fault party is either uninsured or doesn’t have enough coverage to treat all your damages. Most people have UMBI (for bodily injury), and mistakenly believe it covers property harm to their cars as well. It doesn’t. (summary:will pay for your loss of income as you are an architect whos fingers were cut off and had to miss work for two months while in physical therapy).
Comprehensive: A voluntary coverage that, along with collision, constitutes “total coverage” on a vehicle. This is for “non-collision” type accidents, even when you collide with an animal. Essentially, it’s to protect your car when you aren’t at-fault for a loss. Includes coverage for hail, flooding, etc..
Collision: Another voluntary coverage, which treats collisions or overturns involving your vehicle. This is triggered whether you’re at-fault or not for a loss, in that it’s specific to your vehicle colliding with another object or overturning.
If you are involved in an auto collision in a parking lot with a person driving a rented car whose insurance provider is liable the rental car holder or the renter?
Both. Who ever insures the car, will mainly have responsibility to crash . It depends on what state the accident was in. State law would determine who is responsible and loves
How can you obtain collision and comprehensive auto insurance on a vehicle with a salvage title in NJ Can you insure it under your homeowner’s policy?
Homeowners insurance does not cover vehicles used on public roads. It should not be a problem. Geico insures salvage cars, as do mostinsurance companies. Just recall the car is worth less as asalvage if it’s re-totaled the actual cash value of the car isabout 40% less than a comparable clean titled car. And it’s easierto re-total the car a 2nd time since it’s worth less, so minordamage may re-total it. Lesson: don’t pay too much for salvage carsand don’t get in an accident! **14Jun11- Just called Geico and they said will insure my SalvageTitle here in Fresh Mexico, but will also permit me to addComprehensive to the policy. The company I am presently with will also insure the vehicle forliability but WILL NOT insure for comprehensive. The choice is to go without comp or switch companies. You determine!
What is collision and comprehensive on an auto insurance policy?
I am a licensed insurance agent. Comp is if your vechile is stolen, or bruised by something other than a car which you will have to pay the dec. Coll is if you get into a car accident and say the person did not have insurance then your coll would kick in. But in most cases there property harm will cover you depending on the state. I am from Florida and it is a no falt state so it doesnt matter. You need to check with your agent and see your dectibable. I would suggest uninsured motorist just in case they don’t have insurance your medical will be paid. But that has nothing to do with the com/coll. hope it helped.Tammy
Can you get auto insurance without an auto?
Reaction It depends on the insurance company. There are some out there where you can get insurance on you to drive any vehicle and be covered, it is normally more expensive that way.
Why is it your fault if you have no collision insurance?
Fault is determined by who committed a driving infraction, not who has insurance. If you have no collision insurance, you are responsible for the damages to your own vehicle unless another driver is determined to be at fault.
What is the difference inbetween auto comphrehensive and auto collision insurance coverage?
Collision covers harm from collisions only, whether it is a fender-bender in the parking lot, running into the garage, or a traffic accident. Comprehensive covers harm “other than by collision”, that would be hail, flood, vandalism, windshield pits, etc.
Can your auto insurance carrier make you use after market parts on your GM auto for collision repairs?
Usually an insurance co. wants a quote on the repairs,if they want after market parts, then they are cheap and I would use another insurer. .
Once you give the Ins co. the estimate or two estimates if from the original dealer, the original dealer should use genuine parts, and ask for the empty boxes. .
If you get the check from the insurance co. it is up to you to do the repairs, they will not pay again for same thing. If you get the check and cash it and do no repairs, itson you.
How do you get auto insurance?
ReactionVery first you need, a drivers license, a car, and VALID registration. Then, LOTS AND LOTS of phone calls so you can sop around for the best rates, you can go through brokers, (its like a shopping mall for insurance companies), and once you hear some numbers you like (depending on the coverage), you make a down payment, sign several legally required papers, then you;re all set. Attempt this site where you can get quotes from different companiesyourfinance.co.cc
What is auto insurance?
This is insurance which protects the insured against losses involving the use of automobiles. Various coverages may be bought depending on the desires of the insured. Such coverages include the liability coverages of bodily injury, property harm, and medical payments, and the physical harm coverages of collision and comprehensive. Auto insurance requirements vary. If you’re not sure what’s required in your home state or country, or you’re moving, educate yourself on your state’s or country’s minimum auto insurance requirements and plan to exceed them. (If you’re involved in a serious accident, carrying the minimum requirements won’t cover your losses!) Auto insurance helps you to protect you and your family against financial loss in the event of an accident or other cause of loss.It covers the injuries and damages caused by an accident and for which you are legally responsible. Answer- Auto insurance is a protection that protects the possessor of vehicle against financial loss if vehicle have accident. It is a contract inbetween vehicle proprietor and auto insurance company. The vehicle proprietor pays the fix amount of premium to the auto insurance company and in exchange the insurance company pays to the vehicle possessor against loss as mentioned in the insurance policy. There may be various types of auto insurance coverage such as property harm coverage, vehicle bod injury coverage, collision coverage, individual injury coverage and more.
What does collision insurance cover?
It covers harm to your vehicle resulting from an at fault collision with another vehicle or object.
Is collision insurance mandatory on financed auto that’s almost paid off?
most lein holders require coll and comp coverage to protecttheir (the are co-owners in effect of this vehicle should you default on the loan they don’t want to attempt and sell a wrecked car) vehicle.. if you don’t have it and prove it to them that you do have coverage, they will put this coverage on the vehicle themselves (and charge you) typcially at amuch higherrate, than you can buy it for, it would be good idea to put it on the vehicle yourself until it is paid off…..
What to do if Car totaled and no collision insurance?
If the accident was your fault you’re out of luck. If you were hit by someone, their insurance will total your car and pay you for its actual cash value.
Can you get auto insurance if you never had auto insurance?
Yes, you don’t say if you just have never had the NEED forinsurance or drove ‘uninsured’ — for the latter, some companieswill not insure you. But there are many many that will. It is better to ask to the insurance company. You can check outonline for various insurance providers, and they can give youbetter idea.
When to cancel collision insurance?
Step 1: Determine the current market value of your used vehicle..
Online services such as Edmunds, Kelly Blue Book, etc can help you..
Step Two : Determine the annual or bi-annual premium for auto collision and comprehensive insurance from your most current insurance statement. Also find the deductible, which is the amount you will pay when filing a claim..
Step Three : Call your insurance agent and ask them for the replacement value of your used vehicle given the policy current in effect..
Step Four : Consider the likelihood of an accident or vandalism given your driving habits and territory..
Step Five : With all the numbers in front of you, ask yourself if the premium and the risk are worth the potential insurance payout?.
Case Probe (finished in 2008).
1. 2001 Honda Odyessey with 90,000 miles and in need of assets work has a market value of inbetween $4000 and $5000..
Two. Insurance premium for both collision and comprehensive is $130.00/ six months..
Collision deductible is $400..
Three. The agent says my car is worth $4000, the lowest blue book value..
Four. I commute Trio miles a day, without major traffic in a safe suburban area..
Five. The bottom line : I’m paying $103 every six months for the chance to receive $3600 ($4000-$400) if my car was “totalled” in a accident. The payout is toughly 35 times greater than my premium. $103 * 35 = $3605..
Conclusion: Keep the insurance until the used car value reaches $3000.
What do you do with your auto insurance when you sell the auto?
You need to call your insurance company to liquidate the vehicle from your policy. If you are getting a fresh vehicle, you need to add that vehicle on. If you are not getting a fresh vehicle, the insurance company will send you a check for whatever amount of money you had left on the policy that was not earned because you did not have the policy for the utter term.
Does collision auto insurance cover auto defects?
Collision coverage covers a loss due to a collision, i.e. harm to your vehicle caused when your vehicle hit an object, or an object hit your vehicle. Defects and.
mechanical problems are not covered.
What is comp and collision auto insurance?
Collision is meant to cover your car when it collides with something else. Comprehensive is also sometimes called other than collision, so it usually covers the other things that can happen such as fire or theft.
How much will auto insurance cost for a 17 year old boy with a speeding ticket and a collision that he caused?
He might not be able to get insurance. If he did it would be at least $175 a month and could be much more.
What is a auto insurance?
Auto insurance is a kind of insurance that helps you cover the costs resulting from a car accident or auto problem. Every state in the U.S. requires drivers to carry at least some auto insurance, albeit the exact amount varies by state. There are two basic kinds of auto insurance: insurance that covers very first party harm (which is harm to your car or injuries to people in your car) and insurance that covers third party harm (i.e., harm or injuries to another driver’s car or passengers, or any property you harm in an accident which doesn’t belong to you.) Most insurance policies contain both of these types of coverage.
What do you have to have for auto insurance?
What is required by law. Usually its liability you have to have. It varies by state how much your required to carry. Answer- You should have good credit score and financial stability ( working in a concern for a long time)
Can you sue an auto insurance company for not providing you with collision coverage knowing that there is a lien holder on your car when you were in an accident?
No, why should they pay for your ignorance? You didn’t know you needed collision coverage on a car you owe money for? And then you want to sue them for your ignorance? I’m guessing you are youthfull and feel entitled to everthing, and if you mess up its someone else’s fault. Good luck to you, and grow up!
Can you get auto insurance with no auto?
Auto Insurance Without a Car? Yes, You can purchase “Non Owners Insurance” Coverage. Sometimes referred to as “Named Driver Coverage” Drive safe – Buckle Up
When should collision insurance be dropped on auto?
This is just my opinion but if the car is over 7 years old, or has a K.B.B value of less than Ten,000 USD. Unless of course its some sort of infrequent or luxury automobile then I can’t judge when to get rid of it. It also depends on how “accident prone” you are. If you tend to get into accidents alot (where you are at fault) then collision insurance might be a good thing to happen, but if you tend to only get into accidents that are other peoples’ fault then….
What kind of customer would want collision coverage for his or her auto insurance?
Someone worried about harm to his or her own car. This is because collision coverage pays the cost of repair to one’s own car, and to that extent, it is referred to as “first-party coverage”. The payment made by the insurer is generally subject to a deductible, which is the dollar amount that the insured has agreed to pay toward the cost of repair. When a vehicle is financed or leased, the lender or the lessor will invariably require the customer to maintain collision coverage on the vehicle so as to preserve the value of the collateral. If the customer does not demonstrate that he/she/it has, there is generally a process by which the lender/lessor can obtain “forced-placed” coverage and have the premium added to the customer’s loan/lease account.
When is it suitable to eliminate collision from your auto insurance policy?
I don’t think you can legally. If your car is still being paid for the lien holder requires the collision insurance.
How much does a auto collision tech make?
Its pretty broad, but here is Missouri a good tech can earn from $50,000 to $80,000 pretty lightly yearly.
Can you get collision insurance on a auto with a salvage title?
Doubtful.. Comprehensive Collision auto insurance is based on vehicle value which can be greatly affected by having a salvage title. The amount that the vehicle value can vary by having such title issues varies by vehicle. If you could find an insurance company to write such a policy it would most likely be a high risk carrier. This would be due to the greater potential of the vehicle becoming totaled out at value which is now considered lower than book value due to the title status. Some carriers will write policies for specialty vehicles and classic cars which insure the vehicle for a specific value. These policies are typically higher rated due to higher cost of repair, capability to obtain parts, and other various exposures that can exist. These types of policies also typically require a vehicle appraisal performed by a reputable company. I am unassured as to whether or not a salvage title would disqualify you from such a policy but you may want to look into it. Liability insurance is a different story. Some insurance carriers may require a vehicle inspection to ensure that the vehicle has been decently repaired. This would be to ensure that the vehicle is safe to operate. Think of it this way.. Insurance is like gambling. They are attempting to bring in more money in premium than they pay out in losses. The likely bondage mask of a policy costing more in premium due to issues such as salvage title, antique car, specialty car, whatever the case may be; If it puts any extra risk or potential for loss it will be reflected in your insurance premium. Again, that’s only if you can find a carrier to underwrite such a policy. Good luck!
What is collision auto insurance?
Collision insurance pays for harm that happens to your vehicle in an accident if it is your fault. It does not pay for the other vehicle or property involved in an accident. It is not required by law but it is very recommend especially if you financed the vehicle and are still paying off the loan.
What is the collision deductible for in auto insurance?
You are able to chose your own deductible, but you have the car financed or leased, they may dictate the maximum limit.
What is auto collision repair?
– Okay I am presently taking “Auto Collision” at Worcester Tech High School and am here to response your question. Auto Collision repair is when a group of people clean, paints, and repair damages to a car. For example, lets say your Car’s side door got smashed, and now threes a big dent in the door, Collisonists will indent, sand, and apply a blue gooey substance on the dent, and then sand that down so its nice and sleek. Then will pant over it and its all brand fresh. -I don’t want to sound like a masturbate, but read your question out noisy a few times. AUTO=automobile, car, truck, etc; COLLISION=wreck, accident, etc REPAIR=to fix it!!!
What does auto collision insurance mean?
Auto insurance consists of both liability insurance and physical harm coverage. Collision coverage is part of the physical harm section of an insurance policy and is designed to either repair or substitute your vehicle if you are involved in an accident up to the fair market value of the vehicle. Collision will pay for both damages caused in an at-fault accident and damages caused in a not at-fault accident if the other party did not have insurance. If the other party did have insurance and they were responsible for the damages, the other party’s liability insurance would pay for your vehicle damages through Property Harm coverage. You are responsible to pay for your collision deductible for at-fault accidents before a claims payout will be made.
Do you need comprehensive and collision on a auto policy?
This truly depends. For example- John has a 1992 Toyota Corolla. The car is worth about 2000 dollars. He has no lien or lease on it. He doesn’t need comp or collision. Mary has a 2009 Toyota 4runner, its brand fresh, low miles and has a lien on it. Since she has a lien on it, she is required to have comp and coll. Also considering the car is worth 20,000k she would be crazy not have it. At certain points you will find that their will be an in-between type of time where the car is paid off, but it also worth some money still. At this point you will have to way your options. Does having comp or coll add up over time to be the best way to go? Or should I take my chances and do away with it to save money? At this time, this is up to you to make the call.
What happens if I am in an auto accident and the other party does not have insurance-I don’t have collision insurance on my auto insurance?
If you had no collision coverage at the time of the collision, you cannot get it after the fact in order for the insurer to pay for repairs. If the at-fault driver had no liability insurance, your only remedy would be to sue him/her for the cost of repair and whatever other out of pocket expenses you incurred; these may include the reasonable cost of renting a vehicle while yours was being repaired. If your vehicle was totalled, your lawsuit against the at-fault party would be for the actual cash value of your vehicle as of the time of the collision, plus other out of pocket expenses that you may have incurred as discussed above. In all events, it will be your cargo to prove negligence on the part of the other party in order to prevail. Additionally, you will need to prove the nature and extent of your damages by means of an “accomplished witness”, such as the auto assets facility’s representative who examined and wrote the estimate for repairs. It is not sufficient merely to present the written estimate, as the opposing party must be given the right to challenge its validity by cross-examining the person who ready it.
What does broadened collision auto insurance cover?
Covers medical expensives for you and passengers, will cover damages if other driver who is at fault doesnt have insurance.
What is collision in car insurance?
Collision is a slang term for coverage on your car if you cause the accident.
What is Mexican collision coverage in auto insurance. I don’t live anywhere near Mexico and have no plans to visit there. Any ideas?
Collision coverage in regards to Mexican Auto Insurance means if the vehicle hits a rock or a tree or is hit by another vehicle your vehicle is covered. In Mexico this generally means “Utter Coverage”, which also includes theft.
Do you need travel auto insurance in Mexico if you have collision on your us insurance?
Yes, many places by the border can sell you Mexican auto insurance, you can also call your agent and he should be able to sell it to you or refer you to someone you can.
What is broad collision insurance?
Broad form Collision Coverage is a form of automobile insurance available only in the state of Michigan. Just as with regular collision coverage, the policy helps to pay for the repair or replacement if the insured vehicle strikes another vehicle, another object, or if it rolls over. The difference with the Broad form policy is that benefits are paid in the event of a collision regardless of which driver is at fault in the accident. Typically a Broad form Collision Coverage policy will pay only for the actual cash value of the vehicle insured. The policy holder is responsible for a deductible in an amount selected during the policy negotiation process. If the policy holder is found to be more than 50 percent responsible for an automobile collision, the policy holder is then responsible for the amount of the chosen deductible. However, if the policy holder is less than 50 percent responsible for the incident, they will not have to pay the deductible amount.
When is auto deductible waived on a collision claim?
When you file a claim against your own company you must pay the deductible. Your company may pay you back the deductible only in cases where they go after someone else who was responsible for the harm and your company manages to collect for that harm. Some (not all) companies may also waive the deductible if the insured made no claim in the past 1 or Two years, for example.
Is there someone you can call to report your auto insurance company for making you pay what they called betterment charges outside your collision deductible?
If you disagree with the betterment clauses in your Insurance Contract or think they are not legal you could take the matter to your States department of Insurance or equivalent.
DOES auto insurance COVER you or your auto?
It depends upon the kind of insurance to which you are referring. Physical harm coverage (collision and comprehensive) covers physical harm to the vehicle insured according to the policy terms. Liability insurance protects you from claims by third parties who may have sustained damages as a result of your careless in operating an insured vehicle. The scope of damages can be either property harm or bodily injury damages. Private Injury Protection insurance (often referred to as PIP or no-fault coverage) pays a portion of your own medical expenses and lost wages if you are injured in a collision. The insurance goes after the vehicle, not the driver, so if you are a driver in another vehicle, that person’s insurance is the primary insurance company unless their thresholds are too low and then the driver’s insurance company would provide excess coverage.
What is a type of auto insurance that covers damages to the car resulting from collision with another car or object?
It’s calledCollision coverageand is usually purchased along with Comprehensive coverage when you buy your auto insurance. If you purchased the collision coverage option when you bought your auto insurance policy it will be covered. ResponseThird party car insurance.
What is the difference inbetween total coverage auto insurance and comprehensive and collision insurance?
This is a good question. Total coverage was a term that used to be used in insurance to describe a policy that had liability, comprehensive, collision and any other endorsements that the client wished such as rental coverage and whatever else. Due to it being the day of suing over everything we don’t use the term any more because too many attorneys have coaxed people that utter coverage had to mean every possible coverage that there is and then some even however the person knew what they bought. No individual responsibility for reading the policy or at least the declarations summary page, just sue. So now we don’t say utter coverage any more, we name each coverage separately.
Auto loan and no collision insurance?
Don’t do it as you are likely violating your contract and the auto will be repossesed or you will be charged for coerced place coverage or both.
When is the best time to drop utter coverage auto insurance Vs collision comperhension?
You have to weigh the value of your vehicle versus the cost of the insurance. If your vehicle is still financed you are required to keep total coverage on the vehicle. Another good option is to drop collision and keep comprehensive on the policy. Collision is if you hit something or turn it over and comprehensive is everything else including animal collisions and cracked glass. The higher premium is on the collision.
What should one do after an auto collision?
After an auto collision, one should very first check for injuries. In many cases peoples injuries are hidden by shock, so it is significant to see a doctor to make sure that there are no serious injuries. One should also call the police. The police will determine the cause of the collision, which is required by the insurance companies. It is also significant to contact a lawyer and your insurance company, just to make sure you can’t be held liable.
Where can auto insurance coverage for collision be obtained?
One can obtain auto insurance through many insurance companies out there today. A person may wish to contact companies like Geico, State Farm, and All State to compare rates.
What does the term ‘insurance collision’ mean?
Insurance collision is a form of automobile insurance that covers physical harm. In most situations the insurer pays for the insured injuries, harm to the vehicle of the insured, and if the insured is at fault it pays for the harm to the other vehicle, and the other driver.
Which insurance companies suggest collision insurance?
The forthcoming insurance companies suggest collision insurances: Insurance4CarHire, Auto Rental Collision Harm Waiver, Rental Cars and the Collision Harm Waiver, etc.