What is auto collision insurance?

A lot of people get confused as to what the terms, stated and implied, in their auto insurance policy mean. Some people also confuse auto insurance with auto collision insurance. These are two different terms. One should know what auto collision insurance is, what it covers, and how it works, as it is the best thing a driver can have to ensure the safety of the vehicle and its future.

Auto collision insurance is functional if your car gets in a collision with another vehicle. Simply put, it helps pay for the damage to your car. The best part is that it doesn’t matter who was at fault, at the time of the collision. Even when an accident is completely your mistake, auto collision insurance gets you covered. What could be better?

Do you need auto collision insurance?

The myth that auto collision insurance is only for poor drivers must be busted. It is as good for an excellent driver as it is for a not-so-good one. Even if someone is a very cautious driver, auto collision insurance is a must-have. If the insured car hits a pole, or bangs in a wall, you will only have to worry about the state of your mind.

Not just collision with objects can be covered for, but also if you get into an accident where no one wants to admit their fault, it is your savior. Such events can lead to lengthy arguments and violence, at times. There is only one reason which compels drivers to lash out at each other, and that is the cost of the damage. Auto collision insurance helps you pay for all those damages, and also prevents a lot of stress and drama on the scene of the accident.

Many times, collision insurance is an option. It is left to the choice of the driver whether to choose it or let It go but some lien holders urge to get it done. The reason is quite simple. It ensures financial safety and security to the holder.

What is covered in auto collision insurance?

There can be many questions as to what it covers and whatnot. Auto collision insurance will cover the damages to a car that has collided with another vehicle or an object, such as a tree, pole, or a wall. It can also cover car damage in a hit-and-run situation by somebody else, depending on the technical details of the situation. If the car overturns in speed, the insurance will cover that cost too.

However, auto collision insurance will not be responsible for paying the damage to your car if it was being rented or used for a business purpose. The situation has to be personal. Also, it does not cover the cost of any physical wounds or injuries that the driver has suffered from. This insurance will also not cover the cost of the damages to the other car, which was involved in the accident. In the same way, it will also not cover up for the physical injuries to the driver of the other vehicle.

If you have got auto collision insurance, it may be applicable if you rent a car or borrow someone's vehicle, and you use it personally. Trucks or vans are excluded from this type of collision insurance. The holder of the insurance must make sure that he clears all the misconceptions about it by asking the insurers in anticipation. Knowledge of the terms and conditions of the insurance policy is very important. Therefore, the holder must know everything about the insurance plan.

How does auto collision insurance work?

There are steps in this process, which are supposed to be followed. It is as simple as filling out any other claim form. No rocket science!

1. Contact the insurance company

Firstly, you must contact the insurer immediately after the collision has happened. Provide pictorial evidence and any other information which is being demanded. If the accident has been reported, make sure to submit a copy of the report too, to the insurer. The cool part is that while your car gets repaired after the accident, you can get a rental or any other form of conveyance to reach home or hospital. Although the insurance companies do recommend some auto repair shops, we advise you to carry out independent research and look for an auto collision shop that suits your needs.

2. Provide all the details

The person who looks into your claim and pictorial evidence provided should be facilitated with whatever related to the vehicle is asked. It is also possible that during the accident, your vehicle gets badly damaged. In that case, the cost of the repair might exceed the value of the vehicle. The insurer can declare this situation as a total loss. Be aware.

Should you opt for auto collision insurance owning a bank loan vehicle?

Drivers who plan to get an auto by borrowing money from a bank to buy it, are obliged to get auto collision insurance added to their auto policy. The reason for this is quite simple. The bank plans to keep its property safe. Once the loan is paid off, it is the choice of the driver to continue with the collision policy or just drop it.

In the case of dropping the auto collision insurance plan, there are certain conditions. If you think that you are in a position to afford to pay costs out of pocket for any damage that should occur to the car, or even to replace it if you must, you can get the policy off.

You can also choose to let it go if you are driving an old car. Paying more for insurance than the value of the car will not do any good. You may pay more in annual premiums than you’d receive if you had to make a claim, in that case.

If these situations are not there, then there is absolutely no reason for letting go of an auto collision insurance policy. It saves unexpected burdens on your pocket and keeps you out of worry when it comes to auto accidents, which are so common these days. Good or bad drivers, this is your call.

JK Auto Body do the job!

Are you living in Worcester County Massachusetts and looking for an auto collision shop?

Let JK Auto Body do the repairs for you! From towing your vehicle to handling your claims, we’ll take all the stress so that you can relax while our collision experts fix your car.

Call us on 508-500-8526 and get a free quote for your car body repairs. If you are passing nearby, visit us 63 E Main St, Webster, MA 01570, USA.