UK Accounting Glossary
Collision insurance is a coverage that helps pay to repair or replace your car if it’s damaged in an accident with another vehicle or object, such as a traffic light or a tree. If you’re renting or financing your car, collision coverage is typically required by the lender.
Collision insurance is auto coverage that reimburses the insured for damage sustained to their personal automobile, due to the fault of the insured driver. This type of insurance is often added as an extension of a basic automobile policy.
Collision Insurance is a form of vehicular insurance that covers physical damage and injury.
Also sometimes known as collision coverage.
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This glossary post was last updated: 2nd February 2020.