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Collision and comprehensive coverage are optional, but if you finance or lease your vehicle, you may be required to carry them. Depending on the carrier, other optional coverage types may include ...
Collision coverage: Although not always required, collision coverage can be important if you’re in an accident with another vehicle or object, like a fence or a tree. This coverage can help pay ...
This coverage is designed to provide payments to repair the damaged vehicle, or payment of the cash value of the vehicle if it is not repairable or totaled. Collision coverage is optional, however if you plan on financing a car or taking a car loan, the lender will usually insist you carry collision for the finance term or until the car is paid ...
Collision, on the other hand, is an optional type of insurance that helps pay for the damage to your car following a collision. It’s part of a full coverage insurance policy and may be required ...
Liability coverage, for instance, typically has state-mandated minimum limits that you must carry to register your car and drive it legally. Other coverage types, like comprehensive and collision ...
No-fault systems generally exempt individuals from the usual liability for causing bodily injury if they do so in a car collision; when individuals purchase "liability" insurance under those regimes, the insurance covers bodily injury to the insured party and their passengers in a car collision, regardless of which party would be liable under ordinary legal tort rules.