Collision Insurance


Collision Insurance
A type of auto insurance coverage. Collision Insurance will reimburse the insured for any damage sustained to their personal automobile that is due to the fault of the insured driver. This type of insurance is often added as an extension of a basic policy.

As the name implies, Collision Insurance repays the insured for damage from an actual collision. It does not cover damage due to theft or vandalism. It also does not cover damage that is paid from another driver's policy, if the other driver was at fault.


Investment dictionary. . 2012.

Look at other dictionaries:

  • collision insurance — A kind of automobile insurance which, under customary practices of the business of insurance, appears as one of the risks covered by a more comprehensive policy. 7 Am J2d Auto Ins § 57. The coverage of collision insurance naturally depends upon… …   Ballentine's law dictionary

  • collision insurance — insurance protecting an automobile owner against loss or damage to the automobile resulting from a collision or other accident. * * * …   Universalium

  • collision insurance — Insurance coverage that pays to repair damages to your vehicle when it is involved in an accident …   Dictionary of automotive terms

  • collision insurance — noun : insurance provided for a motor vehicle owner against damage to the motor vehicle due to collison with another object * * * insurance protecting an automobile owner against loss or damage to the automobile resulting from a collision or… …   Useful english dictionary

  • collision insurance coverage — A component of car insurance that pays for damages to the insured vehicle that result from a collision with another vehicle or object. Collision insurance generally covers the amount of damage over and above an amount the insured person must pay …   Law dictionary

  • automobile collision insurance — See collision insurance …   Ballentine's law dictionary

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • insurance — See automobile insurance car insurance collision insurance comprehensive insurance gap insurance motor insurance no fault insurance …   Dictionary of automotive terms

  • collision — col‧li‧sion [kəˈlɪʒn] noun [countable, uncountable] 1. INSURANCE when a vehicle hits another vehicle or object, causing damage: • His car was in collision with another vehicle. • All aircraft are now fitted with collision avoidance equipment. 2 …   Financial and business terms


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