Business, Legal & Accounting Glossary
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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Definitions for Collision Coverage are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.