Collision insurance is coverage you may purchase to repair or replace your vehicle if it is damaged in an accident involving another vehicle or a fixed object. This collision can occur with either a vehicle or a stationary object. Although collision coverage is not mandated by law in any state, your financial institution may insist you have it if you are leasing or financing your vehicle. In addition, most vehicles, such as automobiles, motorbikes, boats, and recreational vehicles (RVs), are eligible for collision insurance coverage.
Various insurance companies are available to provide coverage for a wide variety of risks. Tactik Insurance serves the Bluffton area and offers auto insurance that includes collision coverage. We are dedicated to making the community where you live safer. In addition, we provide house, vehicle, and commercial insurance to local companies and families.
How Does Collision Insurance Work?
As its name suggests, collision insurance compensates the policyholder for losses sustained due to an incident. Therefore, theft and vandalism are not covered by this policy. In addition, it does not cover losses that are compensated for by the insurance policy of another motorist if the other driver was the one who caused the accident.
It is highly recommended that you get collision coverage to safeguard your car from the financial loss resulting from any physical damage to the vehicle. Unfortunately, it’s not hard to find yourself in the middle of a collision. Someone is always to blame whenever there is a collision, and the blame may fall on you.
Should You Get Collision Insurance?
Because collision insurance is not required by any state law, having it is regarded as a form of coverage obtained voluntarily. On the other hand, if you lease or loan your car, the lender may mandate it as a preventative step to shield their investment from potential risk.
Suppose you are the only vehicle involved in an accident or are determined to be to blame for the collision. In that case, you will be required to pay for the repairs or replacement of your vehicle out of your pocket if you do not have collision coverage and own your vehicle outright. However, if it is determined that the accident was caused by the other driver, their liability insurance will typically pay for the repairs. This is the case even if the damage to your vehicle was minimal. This is true even if the resulting damages are on the low end of the scale.
If you are responsible for causing an accident, your liability coverage will assist you in paying for damages to the other vehicle (or vehicles). Still, it will not cover the cost of repairing your vehicle. Instead, request an adjuster to take a look at the damage. The adjuster will provide an estimate of the cost of repairs.
What Does the Coverage of Collision Car Insurance Include?
If you have collision insurance coverage, your car may be repaired or replaced if it was damaged in an accident caused by a collision. This includes accidents involving a single car, such as colliding with a guardrail or a telephone pole, collisions with other automobiles, and truck accidents that occur while your car is parked, including hit-and-runs and other collisions.
In most cases, you will be able to get collision coverage for the following vehicles:
- Recreational Vehicles
If an accident occurs and it is determined that you were to blame for it, the insurance company you have for your vehicle will pay for the other driver’s medical bills, repair costs, or replacement of their vehicle. In addition, it takes care of the medical bills incurred by the other driver and any passengers they may have had. The medical payment plan will pay for your and your passengers’ medical expenditures. It takes care of your medical expenses and those of your passengers.
File a collision claim with either your vehicle insurance company or your health insurance company if the limitations of the other driver’s insurance are insufficient to cover all of your medical expenses.
If you were injured as a result of an accident that was caused by another car, the insurance company representing the other driver would make you a settlement offer to pay the costs of any medical treatment you need as a direct result of the event. Should you decide to take them up on the offer, they would cover the cost of any necessary medical treatment you may need as a result of the accident.
What Aspects Are Not Included in the Collision Policy?
Accidents involving animals, covered under the all-inclusive coverage, are exempt from collision coverage.
If you injure another motorist or cause damage to their car, the other driver’s liability insurance will pick up the tab. Your comprehensive insurance policy will pay for repairs to your car if it suffers damage from an accident caused by anything beyond your control, such as a tree falling on it.
Is it a Good Idea to Have Collision Insurance?
When deciding whether or not to purchase collision coverage for your vehicle, you should take into account the following factors:
- The Value of Your Car
The value of your car is an important consideration when deciding whether or not to get collision insurance. If your car is brand new or still worth a large amount, obtaining collision insurance may be financially prudent since it can help you pay for expensive repairs or a replacement vehicle if it is damaged.
- Capacity to Pay Out of Money
If you do not have the financial resources to pay for repairs or a new car out of cash, you should strongly consider purchasing collision insurance.
- Frequency of Use
It may not be worthwhile to obtain collision insurance on a vehicle that won’t be driven for an extended period of time, such as a boat or an RV. While it’s always better to be safe than sorry, the cost of insurance premiums over the period of non-use may outweigh the potential benefits.
Collision Insurance vs. Comprehensive Insurance
The issue of what the driver has control over is the primary distinction between collision and comprehensive insurance coverage. Collision insurance protects drivers against financial loss if their vehicle is involved in a collision with another vehicle or another object. On the other hand, incidents beyond your control fall under the “acts of God or nature” category, which is covered by comprehensive coverage. These may include a startled deer, a hailstorm with significant rainfall, or a carjacking.
Let’s take, for example, the aftermath of a severe storm to show you the differences between comprehensive and collision insurance. Suppose two possible occurrences take place inside the storm. Either a large telephone pole was knocked over by the wind and landed on your vehicle, or you swerved to escape a falling tree but collided with a guardrail as you tried to avoid hitting it.
In the first scenario, you had no say in the timing or the cause of a tree crashing down on your automobile. Therefore, your comprehensive insurance coverage would cover the costs associated with an accident of this kind. However, in the second scenario, you were the one behind the wheel of the vehicle when it finally collided with the railing. Because of this, it is considered a collision, and only insurance that covers collisions will pay for the damages.
Frequently Asked Questions
What Will Collision Insurance Cover?
Collision insurance will cover the repair or replacement of your vehicle. This is not the same as liability coverage, which kicks in to help pay for damages you cause to another person’s vehicle if you cause an accident. If your vehicle is damaged or destroyed in an accident with another vehicle, regardless of who was to blame for the accident, collision coverage takes care of this.
What is the Difference Between Collision and Comprehensive?
The difference between collision and comprehensive insurance is that collision insurance protects you financially if your vehicle collides with another vehicle, a fixed object such as a telephone pole, or even rolls over. On the other hand, comprehensive insurance protects you financially if your vehicle is destroyed by an animal, a moving or non-stationary item (such as a falling tree), vandalism, fire, or a natural catastrophe.
What is Collision and Comprehensive Deductible?
The term “Collision Deductible” refers to losses incurred due to an impact that damages your car—for instance, a collision with a car, hit-and-run, and other similar scenarios. The term “Other than Collision” refers to the Comprehensive Deductible for when your car has sustained damages that were not brought on by a collision.
Your First Choice in Auto Insurance in Bluffton, SC
If you need auto insurance, including collision coverage, for your automobile in Bluffton, South Carolina, look no further. The finest vehicle insurance in Bluffton, South Carolina, can be found at Tactik Insurance. We will help you choose the plan for auto insurance that is both the most inexpensive and the most comprehensive that can satisfy your needs. In addition, Tactik Insurance can provide you with a wide range of insurance services, including auto insurance, surety bonds, business insurance, event insurance, homeowner’s insurance, workers’ compensation insurance, and more.