Because she has Collision coverage, her insurance pays the "Actual Cash Value" of her SUV, minus her deductible. If she has Rental Reimbursement, they also provide a temporary car while she shops for a replacement.
is "protection for your asset ." It ensures that no matter who is at fault—or if a "act of God" occurs—you aren't left walking. car insurance full coverage vs. liability
His Liability insurance pays for the damage to the car he hit and the medical bills for that driver. Because she has Collision coverage, her insurance pays
drives an older sedan he paid off years ago. To save money on monthly premiums, he carries Liability-Only insurance—the bare minimum required by law. Because she has Collision coverage
Because she has Collision coverage, her insurance pays the "Actual Cash Value" of her SUV, minus her deductible. If she has Rental Reimbursement, they also provide a temporary car while she shops for a replacement.
is "protection for your asset ." It ensures that no matter who is at fault—or if a "act of God" occurs—you aren't left walking.
His Liability insurance pays for the damage to the car he hit and the medical bills for that driver.
drives an older sedan he paid off years ago. To save money on monthly premiums, he carries Liability-Only insurance—the bare minimum required by law.