Collision Coverage
Collision insurance is an essential aspect of your auto insurance policy, designed to help repair or replace your vehicle after a covered accident. Contact John L Sprague Insurance Agency in La Plata, Maryland, to learn more about this essential auto insurance coverage.
What Is Collision Insurance?
Collision insurance is an auto insurance policy that may help cover damage to your vehicle resulting from a collision, regardless of who is at fault. This coverage is typically optional unless required by a lease or financing agreement.
Damages due to theft, vandalism or natural disasters are not typically covered under collision insurance. These are usually covered by comprehensive insurance.
Why Is Collision Insurance Important?
After an accident, collision insurance can help cover replacing or repairing your vehicle up to its current market value.
You’ll usually pay a deductible before your collision coverage kicks in. This is the out-of-pocket amount you agreed on when purchasing the policy.
How Does Collision Insurance Work?
After an accident, you file a claim with your insurance company. The insurer assesses the damage and determines if it falls under your collision coverage.
Once approved, the insurer pays for the repairs per the policy’s terms, minus your deductible.
Collision insurance can be a vital component of your auto insurance portfolio. While it’s optional, its benefits, especially for those with newer or high-value vehicles, can be significant.
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