What is the Definition of Collision Coverage?
Portion of an auto insurance policy that covers the damage to the policyholder’s car from a collision.
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Insurance?
What is the Definition of Collision Coverage?
Check out other definition of insurance terms below:
What is the Meaning of DEMUTUALIZATION In Insurance Terms?
The conversion of insurance companies from mutual companies owned by their policyholders into publicly traded stock companies.
What is the Meaning of DEPOSITORY INSTITUTION In Insurance Terms?
Financial institutions that obtain their funds mainly through deposits from the public. They include commercial banks, savings and loan associations, savings banks and credit unions.
What is the Meaning of DEREGULATION In Insurance Terms?
In insurance, reducing regulatory control over insurance rates and forms. Commercial insurance for businesses of a certain size has been deregulated in many states.
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