What is Collision Coverage?

Collision coverage is a type of auto insurance that pays for damages to your own vehicle if you are involved in an accident.

 In this article, we'll explore the benefits of having collision coverage and how it can protect you financially.

One of the main benefits of collision coverage in Ontario is that it helps pay for repairs to your vehicle if you are involved in an accident. If you are at fault in the accident, your collision coverage will cover the damages to your vehicle. If the other driver is at fault, their own collision coverage will cover the damages to your vehicle.

Another benefit of collision coverage is that it can help you avoid paying out-of-pocket for repairs. Depending on the severity of the accident, the cost of repairing your vehicle can be expensive. Collision coverage can help cover these costs and protect you from having to pay for them out of pocket.

In addition, collision coverage can help protect the value of your vehicle. If your car is totaled in an accident, collision coverage can pay the difference between the value of your vehicle and the amount you still owe on it. This can be especially beneficial if you have a newer car with a higher value.

Overall, collision coverage is a valuable addition to your auto insurance policy that can help protect you financially in the event of an accident.