COLLISION DEDUCTION | Insurance Software development

What is COLLISION DEDUCTION under Coverages and Limits in Auto Insurance?

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Introduction to collision coverage

Collision coverage is an add-on coverage policy that helps to pay for the damage to your vehicle caused by contact with another vehicle or object, such as rollover, fence, or a tree. In the case of a lease or a car loan, collision coverage is typically required by the lender. If the car is paid off, collision is an optional coverage on auto car insurance policy. It does not matter who is at fault in the accident that damages the insured vehicle; the owner of the insured vehicle can make a claim under […]

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