Auto Insurance Policies 101: Optional Coverage-Collision
Collision is the portion of an auto insurance policy that specifically covers damages to your own vehicle. While collision insurance is not required by state insurance laws finance companies generally require you to insure for collision. Most finance companies will ask to be named as “lienholder” on your auto insurance policy for a financed car. Collision insurance isn’t required automobile insurance, but you may want the coverage to protect your car even if you have paid your loan off. Collision insurance covers the damages to your vehicle in an automobile accident, when you are “at fault”. The standard collision automobile … Continue reading