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What does CDW excess mean?
Collision Damage Waiver
What does collision mean in economics?
The term collision in insurance covers the cost of damage to a car that is the fault of the insured. Collision insurance does not cover any damage caused from vandalism or theft.
What does the term 'insurance collision' mean?
Insurance collision is a form of automobile insurance that covers physical damage. In most situations the insurer pays for the insured injuries, damage to the vehicle of the insured, and if the insured is at fault it pays for the damage to the other vehicle, and the other driver.
Should you have to pay excess for an accident unmistakenly caused by someone else?
what do you mean by excess? if you mean your deductible if your collision coverage is used regardless of fault you will be deducted your deductible....i need more info/details and i could be of more assistance please...
What does speed of collision mean?
The speed of collision refers to the relative velocity of two objects right before they collide. It is the rate at which their positions change with respect to each other as they come into contact. This speed is a crucial factor in determining the impact force and damage caused during a collision.
What do you mean by collision?
Collision is a coverage that usually applies when you "collide" with another vehicle.
What does waiver of preliminary hearing mean?
A waiver of preliminary hearing means that it has been decided, or agreed, that no preliminary hearing is needed and so none will be held.
What do you mean by collision coverage?
Collision is a coverage that usually applies when you "collide" with another vehicle.
What does PLPD means?
If it is relative to an auto insurance policy, it for property damage caused to someone else's property. You or someone in control of your vehicle causes damage to anothers property, could be another vehicle, or some other type of property. ( personal liability/property damage) Coll would mean damage to your vehicle due to collision, and Comp would mean your comprehensive coverage for your vehicle for damage due to things like hitting a deer, or hail damage for example.
What does auto collision insurance mean?
Auto insurance consists of both liability insurance and physical damage coverage. Collision coverage is part of the physical damage section of an insurance policy and is designed to either repair or replace your vehicle if you are involved in an accident up to the fair market value of the vehicle. Collision will pay for both damages caused in an at-fault accident and damages caused in a not at-fault accident if the other party did not have insurance. If the other party did have insurance and they were responsible for the damages, the other party's liability insurance would pay for your vehicle damages through Property Damage coverage. You are responsible to pay for your collision deductible for at-fault accidents before a claims payout will be made.
What does elastic collision mean?
In an elastic collision, both kinetic energy and momentum are conserved. This means that the total kinetic energy before the collision is equal to the total kinetic energy after the collision, and the total momentum before the collision is equal to the total momentum after the collision.
What is the difference between Compensation and collision?
I think you mean Comprehensive and Collision. This is a general description; your policy or your insurance agent will be able to provide exact definitions of what is and isn't covered. Collision coverage means exactly what it says. It covers the cost to repair or replace your vehicle when it is involved in a crash: colliding with another vehicle, hitting a stationary object, etc. Comprehensive covers most of the remaining ways your vehicle can get damaged: A tree falling on your car, hail damage, flood damage, vandalism, etc.
