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What kind of customer would collision coverage for his for her auto insurance?
Wiki User
∙ 8y ago
Someone concerned about damage to his or her own car. This is because collision coverage pays the cost of repair to one's own car, and to that extent, it is referred to as "first-party coverage". The payment made by the insurer is generally subject to a deductible, which is the dollar amount that the insured has agreed to pay toward the cost of repair.
When a vehicle is financed or leased, the lender or the lessor will invariably require the customer to maintain collision coverage on the vehicle so as to preserve the value of the collateral. If the customer does not demonstrate that he/she/it has, there is generally a process by which the lender/lessor can obtain "forced-placed" coverage and have the premium added to the customer's loan/lease account.
Brenden Bosco
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How do i go about getting my totaled and financed car covered by an insurance company that let me get a policy with no collision?
The insurance company would not have required you to get insurance coverage, as it is an optional coverage from the insurer's standpoint. The bigger issue is that the company through which you financed the car would have required collision coverage because it was interested in protecting the value of the collateral. Therefore, it may have obtained "forced-placed" collision coverage on the car and charged the premium to you (through your car payment). If that was done, you would normally have rec'd notice of it and been given a chance to get collision coverage and produce proof of it. Furthermore, collision coverage would have to have been in force at the time of the collision; it would not be retroactively applied to cover the loss.
Where can I purchase collision insurance in Virginia?
Inquire insurance details in Virginia. You will get information concerning various insurance companies, and you will find out which would provide collision coverage.
What insurance covers the driver who is at fault?
Assuming that the at-fault driver maintained it at the time of the collision, his/her auto liability coverage would be triggered.
If another person is driving your car with consent and swerves to miss a deer but lands in ditch and damages the car who is liable?
typcially the insurance stays with the car....if you have collision coverage (if no actual contact with the deer would be collision rather than comprehensive coverage), your insurance would cover.....in most states if there is no collision coverage on the vehicle, but the driver has a vehicle that has the needed coverage it would then apply.........
What type of insurance covers the other driver's car in a collision?
That would be liability coverage.
What is the collision coverage?
That is the part of your insurance that pays for damage to your vehicle, when you are at fault, if you are involved in an accident. This is coverage would need to be purchased in addition to your regular liability insurance.
What is usually covered by a comprehensive motor insurance?
Comprehensive motor insurance usually covers bodily harm or damage caused by an accident. The comprehensive insurance also cover the liability of the car damages in regards to collision coverage. When deciding on collision coverage, it is important to consider the age of the vehicle to determine if comprehensive or full coverage is needed on the vehicle or if collision insurance would be the appropriate choice.
Is backing up into a telephone pole is it covered under comprehensive or collision coverage?
This will be covered under the collision portion of your Auto Insurance policy. You collided with a telephone pole. Hence, Collision coverage would invoke.
Does auto insurance cover accidental fire damage?
The kind of coverage that would be necessary is called comprehensive coverage. It usually sold in conjunction with collision coverage.
What kind of customer would want collision coverage for his or her auto insurance?
Someone concerned about damage to his or her own car. This is because collision coverage pays the cost of repair to one's own car, and to that extent, it is referred to as "first-party coverage". The payment made by the insurer is generally subject to a deductible, which is the dollar amount that the insured has agreed to pay toward the cost of repair. When a vehicle is financed or leased, the lender or the lessor will invariably require the customer to maintain collision coverage on the vehicle so as to preserve the value of the collateral. If the customer does not demonstrate that he/she/it has, there is generally a process by which the lender/lessor can obtain "forced-placed" coverage and have the premium added to the customer's loan/lease account.
Can a woman get insurance to cover collision in Virginia?
All people are allowed to get insurance to cover collision. It would be discrimination to deny someone insurance based on their sex. The best way to get coverage is to go to the nearest insurance agency.
I am considering dropping collision insurance on my 20 yr old truck. Is it worth the price to keep the insurance or am I better dropping it?
You are better off dropping your collision coverage. The amount extra that you are paying each month could be saved and would probably equal out to more than any amount you would get reimbursed for your collision coverage.
