Collision coverage is one of the most important types of insurance coverage that your auto insurance policy should include. At Atkinson Casey Agency, we provide collision coverage to vehicle owners in Monroe, GA.
The following are three things to know about collision coverage on your auto insurance policy
Collision coverage covers the costs of repairs needed after car accidents
It’s important to carry collision coverage on your auto insurance policy because this type of coverage pays for repairs to your vehicle after an accident.
If you took out a loan to purchase your vehicle, you are most likely required to carry collision coverage by your lender.
Collision coverage typically covers the market value of your vehicle at the time of the accident
Motorists need to understand that they won’t typically be compensated for the original purchase price of their vehicle by collision coverage in the event of a total loss.
Collision coverage usually only compensates the policyholder for the current market value of their vehicle at the time of the accident. This means that the depreciation of their vehicle is factored into the amount policyholders receive for any claim.
Collision coverage won’t cover damage caused by other events such as vandalism
There are certain causes of vehicle damage that aren’t covered by collision coverage. For example, collision coverage won’t cover damage caused by vandalism or flooding.
Consumers need to purchase comprehensive coverage to enjoy coverage for a wide variety of causes of vehicle damage that aren’t covered through collision coverage.
Get Coverage For Your Vehicle Today
If you’d like to learn more about the collision coverage we offer at Atkinson Casey Agency, get in touch with us. We are an insurance provider offering auto insurance coverage in Monroe, GA.
