Tuesday, November 5, 2013

Auto Collision Coverage

What is the difference between limited, standard, and broad collision?

Most people know enough about insurance to know the difference between full coverage and PLPD, but did you know there actually three different forms of collision offered? It is important consider the advantages of each type when placing coverage on a vehicle.

Limited Collision: If you purchase limited collision, your insurance will only pay for collision damages when the driver of the insured vehicle is not at fault. If the driver of the insured vehicle is more than 50% of the cause of the accident, there is no collision coverarge.

Standard/Basic Collision: If you purchase basic or standard collision, your insurance will pay for collision damages regardless of who is at fault, less your deductible.

Borad Collision: If you purchase broad form collision, your insurance wil pay for collision damages regardless of who is at fault. If the driver of the insured vehicle is found not at fault, the deductible is waived.