Business Auto Collision CoverageCollision Coverage typically covers an insured auto for damage caused by a collision with another object or from the auto being overturned. Collision Coverage is usually required if you have a loan or lease on your business vehicles. Here, you choose a deductible amount instead of a limit. The deductible is the portion of a covered loss that you pay before the insurance company becomes responsible for payment under the policy. A larger deductible usually means a lower premium. This is a brief description; it's not part of any contract of insurance. The policy terms and conditions determine whether a loss is covered and if so, to what extent. |