October 28, 2024
Why collision insurance coverage is a smart idea
What happens if you’re in a car accident that results in significant repairs to your vehicle, or if you hit a patch of ice and skid into a bridge embankment and your car is totaled? If you have collision coverage in place, you’ll be financially protected from calamities like these. Collision insurance covers damage to your vehicle, up to its pre-crash fair market value, caused by events such as striking another car or hitting a stationary object like a lamp post.
Read my newest story for Fox Money (available here) to better understand how collision coverage works, what it covers and doesn’t, and how much it costs.