Collision Coverage – Harpreet Insurance Broker
Insurance Vocabulary Word
#Collisioncoverage is a part of an #automobileinsurance policy that pays for the cost of repairing or replacing your vehicle if it’s damaged in an accident, regardless of who is at fault.
This includes #collisions with another vehicle or with objects like fences, poles, or buildings.
Here are some key points about collision coverage:
• #OptionalCoverage: While not required by law, it is often mandatory if you are financing or leasing your vehicle.
• #Deductible: You will need to pay a deductible before your insurance kicks in. The amount of the deductible can affect your premium.
• Exclusions: Collision coverage does not cover damage from non-collision events like #theft, #vandalism, or #naturaldisasters. For those, you would need comprehensive coverage.
Is there a specific aspect of collision coverage you’re curious about, or do you have a particular scenario in mind?
Sincerely,
Harpreet Singh, Most lovable ❤️ Insurance Broker in Ontario
Phone – 6476217890
Email – insurancechampion@outlook.com
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