Losses Not Covered By Automotive Collision Insurance

Here is an excerpt from a new blog post at GreggMarcus.com:

Collision is an optional component of an automobile insurance policy. It is purchased to cover damage to or destruction of an automobile. This coverage applies when there is damage to a vehicle caused by a crash with another vehicle, or object, or even with the road or roadbed. Collision is basically set aside to deal with the cost of repairing your own car, so the scope of exactly what it covers is limited. Gregg S. Marcus, a Long Island Insurance Executive  explains what losses would not be covered by collision.

The scope of what collision coverage takes care of is limited. Here are some circumstances where collision would NOT apply:

Damage to other party’s vehicle
The loss to another party’s car is covered by your liability coverage and not under collision. If it is alleged that you are responsible, your insurance carrier investigates the facts of the crash through statements from all drivers, passengers and witnesses, an on-scene investigation of the accident location, inspection of the damages to all vehicles and any other unique elements of the event. When all the facts are in, your adjuster contacts the other party’s adjuster, and each of them presents the case, on behalf of their “insured”, to the other.

To read this post in it's entirety, click here to visit the Gregg Marcus official website.