In marine insurance, a vessel striking another vessel or floating object but not a stationary object. The collision clause insuring a ship’s legal liability is known as the Running Down Clause. See BOTH TO BLAME CLAUSE.
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The violent encounter of two objects. In Marine Hull liability insurance a distinction is drawn between “collision” with vessels and “contact with fixed objects” such as piers, wharves and fastened buoys, the latter not being covered by collision clauses.
Tag: RAW
Collision (Auto)
Reimburses you for damage to your automobile sustained in a collision with another car or with any other object, movable or fixed, (for example, you accidentally backed into another object while pulling out from a parking stall and causing damage to the bumper and fender of your covered automobile).
Collision (Vehicle Insurance)
Impact between a vehicle with another object, causing damage to the insured vehicle.
Collision clause
Hull policy clause known as the Running Down Clause.
Collision Convertible
A Policy for which the insured pays a smaller premium but is required to make an additional payment on the occasion of his making first claim under the Policy. Losses which may occur thereafter are paid in full up to the extent of the coverage.
Collision coverage
a type of physical damage iNSURANCE available for automobiles. Coverage is triggered when damage is caused by striking against another object. Defined as an impact with an object. can be found on commercial auto, personal auto, and other policies providing Coverage for vehicles.
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Automobile Insurance against loss or damage to the automobile resulting from collision with another object or from action of the automobile.
Collision damage waiver
Cover for a person renting a car where the rental firm waives any right to recover the amount of damage to the car from the renter regardless of fault.
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When paired with an auto rental agreement, the rental car company agrees to waive the renter’s responsibility for any physical damage to the rental car in exchange for an additional payment. Sometimes called a loss damage waiver. Abbreveiated as CDW or LDW.
Collision damage waiver (Vehicle Insurance)
Special policy for individuals who have rented a vehicle. Under this policy, the rental company waives the right to collect damages from the individual for any loss, even if the individual is at fault. There is a sizable fee associated with this coverage.
Collision Deductive Waiver
This coverage waves your collision deductible if you are hit by an negligent uninsured motorist.
Collision insurance
US: A form of automobile insurance that provides for reimbursement for loss to a covered automobile due to its colliding with another vehicle or object or the overturn of the automobile. This covers only damage to the automobile itself as “auto” is defined in the policy.
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A form of automobile insurance that provides for reimbursement for loss to a covered automobile due to its colliding with another vehicle or object or the overturn of the automobile. This covers only damage to the automobile itself as “auto” is defined in the policy.
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Insurance against loss to the insured property caused by striking or being struck by an object: including loss caused by upset.
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MEDICAL,USA: Optional automobile insurance coverage that pays for damages to the insured’s car caused by a collision with another car or object or by rolling the car over. Frequently this type of insurance is required if an individual has taken out a car loan.
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US: Protection against loss resulting from any damage to the policyholder’s car caused by collision with another vehicle or object, or by upset of the insured car, whether it was the insured’s fault or not.