There are 2 different types of coverage for policyholders that want to be guaranteed access to funds for repairs to an insured, but damaged vehicle. One type is collision insurance; the other is comprehensive insurance.
Nature of coverage provided by collision insurance
Personal injury lawyer in Niagara Falls knows that the payment for repairs, when insured vehicle has suffered damage as the result of an accident.
—It could be where 2 cars have collided.
—It could be one involving multiple vehicles.
—It could be accidental damage, such as a dent received in a parking lot.
The policyholder must pay the deductible.
Coverage of insured property/vehicle, following accident, regardless of who was at-fault.
No coverage for injuries
Nature of coverage provided by comprehensive insurance
Payment for repairs, when insured vehicle has suffered damage that was due to an event, other than an accident
—The event could be vandalism
—That event could be fire
—That event could be theft
—Damaged caused by an animal would not be covered by comprehensive; it would be covered by collision insurance
Coverage guaranteed, regardless of who was at-fault.
The policyholder must pay the deductible
No coverage for injuries
In what situations should a car owner/driver give serious thought to paying for collision insurance?
When the owner of the insured car owes money on that same vehicle
When the driver is leasing the set-of-wheels that serves as the primary mode of transportation
When driver travels through areas where there is a chance that an animal might wander onto the road
In what situations should a car owner/driver give serious thought to paying for comprehensive insurance?
When car not parked in a garage, but on the street, or at another open location; that would increase the chances for vandalism
When car contains expensive add-ons, such as a stereo system; a vandal might steel certain parts of the stereo system.
The car’s value is not always a clear indication of the need for, or the absence of the need for comprehensive insurance. A criminal could steel a cheap automobile, and use it to rob a bank.
Why would a driver need collision insurance, if he/she had purchased the uninsured driver option?
A driver that had purchased that option might not need collision insurance, unless he/she expected to be traveling on a road on which animals often emerged from spots along the side.
Collision insurance existed more than 50 years ago, before introduction of the uninsured motorist option. Still, not every company that sold collision insurance was ready to pay the driver that had been hit by an uninsured driver.
Some policyholders had to fight for the desired coverage. The creation of the uninsured motorist option reduced the number of legal battles, over failed delivery of expected coverage.