How Collision Coverage Can Protect You And Your Vehicle
Are you in the process of shopping around for auto insurance, and you're wondering if you should purchase collision coverage? If so, it will help to know more about what types of accidents it will cover.
Accidents With Another Vehicle That You Cause
When another driver is at fault in an accident, you end up using their auto insurance to pay for the damage to your car. This is because every driver is required to have liability insurance that covers accidents that they cause. This may leave you wondering who pays for the damage to your vehicle when you cause the accident.
Collision coverage is designed to help cover the cost to repair your vehicle if you cause an accident. You pay your deductible, and then you'll be covered for repairs up to the actual cash value of your vehicle. If the damages go beyond the actual cash value, then the car will be considered totaled and you'd receive the actual cash value of your old car to buy a new vehicle.
Single Car Accident Related Damages
It's also possible to get into an accident where there is no other driver involved, which is known as a single-car accident. These are accidents where you may hit a guardrail, a tree, or any other object that causes damage to your vehicle that isn't another car. Collision coverage will help pay for the damages caused by this accident, even though you were the one that was 100% at fault.
Rollover Accidents
Another type of accident that can cause serious damage is a rollover. This type of accident doesn't involve hitting an object or another vehicle, which may leave you wondering how you pay for the damage to your vehicle. Thankfully, collision coverage will pay for damage caused to your vehicle due to a rollover.
HIt-And-Run Accidents
There are two types of insurance that cover hit-and-run damage, and it's important to understand how each one works. Uninsured and underinsured coverage will pay for damages to your vehicle due to a hit-and-run where you are unable to track down the other driver. However, uninsured and underinsured coverage will also pay for your medical bills.
Collision coverage can protect you in a hit-and-run accident, but it will only cover the damage to your vehicle. This may be sufficient if you have a good health insurance plan and you are not worried about your medical bills, or personal injury protection coverage through your car insurance.
For more information about auto insurance, contact a local provider.
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