What is broadened collision coverage in Michigan?
Broad collision coverage is the “Cadillac” plan of collision coverage. If you are at fault in an accident, your insurance pays for the repairs after you’ve paid the deductible. But unlike normal collision coverage, if you are 50% at fault or less, you pay nothing—no deductible, and no out-of-pocket expenses.
What is collision deductible auto?
Collision coverage has a deductible, which is the amount you pay before your coverage helps pay for your claim. So, if you choose a $1,000 deductible and your car is later damaged in a covered accident, you’d have to pay $1,000 toward repair costs.
What is a good collision deductible?
The deductible is the amount the driver has to pay out of pocket before the insurance will pay any money toward a covered claim. Common deductible levels for collision insurance in California are $100, $200 or $500. Common deductible levels for comprehensive insurance are $200, $500 or $1,000.
What is broadened insurance?
What Is Broad Form Insurance? Broad form insurance coverage extends beyond the basics to include rare events that may be of serious risk to the insured. This type of insurance usually requires that a higher premium, and often a deductible, be paid.
What does it mean to not have collision coverage?
If you have no collision coverage, then you will be responsible for paying to repair or replace your car after an accident that you cause. When you’re at fault in an accident, your liability insurance will only cover the other driver’s expenses, not yours.
What happens if you don’t have collision insurance and you hit someone?
If you don’t have collision insurance and someone hits you, their liability insurance will cover your expenses. If you’re hit by an unidentified, uninsured, or underinsured driver and do not have collision or uninsured/underinsured motorist coverage, you will have to pay for any repairs yourself.
Can you claim a blown engine on insurance?
The National Association of Insurance Commissioners says that maintenance, such as an oil change, is typically not included in car insurance coverage. Whether it’s routine maintenance, a mechanical failure or a blown engine, car insurance will most likely not cover the costs of repairing or replacing your vehicle.
Does comprehensive cover at fault?
Comprehensive coverage: Can be used no matter who’s at fault. Helps pay for repairs, over your deductible, so you’re not stuck paying the entire bill on your own.
