Collision Coverage

This is a type of insurance that covers cost of repair or replacement for the ensured person's car in the event of accident regardless of who caused the accident. This type of coverage can be also taken out for a circum car by the owner, and applied for any accident in which the car has been involved regardless of the person driving at the time. This type of coverage is often required when a loan for a new car is requested and is common practice for leasing and rental operators.