COLLISION AND/OR COMPREHENSIVE – Protects your own vehicle
Collision Coverage – Pays for damage to your vehicle as the result of a collision with another car or other object. Collision coverage pays you for damage that you cause to your automobile. You can also make a claim under your own collision coverage for damage to your car from an auto accident you did not cause. This may take less time than making a property damage liability claim against the driver who caused the auto accident. Your insurer then seeks reimbursement from the insurer of the driver who caused the auto accident.
Comprehensive Coverage – Pays for damage to your vehicle that is not a result of a collision, such as theft of your car, vandalism, flooding, fire or a broken windshield. Comprehensive coverage also pays if you collide with an animal.
Remember… Comprehensive (also known as “comp” or “Other Than Collision”) and Collision coverages are not required by law, but may be required under the terms of an automobile leasing or financing contract.