Collision Coverage is designed to protect your VEHICLE against loss or damage from a collision. The "ACV- $500.00" part means the most your insurance company will pay to you is the ACV (Actual Cash Value) of your vehicle LESS $500.00. If the cost to repair the covered damage to your vehicle is less than the ACV, your insurance company will pay for the cost of repairs LESS $500.00.
Collision Coverage is typically based upon ACV limitations. However, some insurance companies offer RCV (Replacement Cost Value) Collision Coverage. This means the potential maximum benefit you may collect under this coverage is increased to what it would cost to REPLACE your existing vehicle . . . NEW! As the potential maximum benefit is greater with RCV Coverage than with ACV, so is the premium higher for RCV Coverage. Nonetheless, we wanted you to know that RCV coverage is probably available to you. We go into greater detail about the distinctions between RCV and ACV coverages in the How much will be paid section of our Auto Insurance Claims page.
Comprehensive Coverage
Comprehensive Coverage is designed to protect your VEHICLE against loss or damage from other than a collision (fire, theft, vandalism, flood, glass breakage, etc.). The "ACV-$200.00" part means the most your insurance company will pay to you is the ACV (Actual Cash Value) of your vehicle LESS $200.00. If the cost to repair the covered damage to your vehicle is less than the ACV, your insurance company will pay for the cost of repairs LESS $200.00. Comprehensive Coverage is typically based upon ACV limitations. However, RCV Coverage is also available as described in the Collision Coverage paragraph above. Most insurance companies will offer (for a slight add'l premium) "0" deductible on Safety Glass Breakage. This means that if your windshield is damaged, your Comprehensive Coverage will replace the windshield at no cost to you. We recommend you consider this optional coverage.
Comprehensive Coverage
Comprehensive Coverage is designed to protect your VEHICLE against loss or damage from other than a collision (fire, theft, vandalism, flood, glass breakage, etc.). The "ACV-$200.00" part means the most your insurance company will pay to you is the ACV (Actual Cash Value) of your vehicle LESS $200.00. If the cost to repair the covered damage to your vehicle is less than the ACV, your insurance company will pay for the cost of repairs LESS $200.00. Comprehensive Coverage is typically based upon ACV limitations. However, RCV Coverage is also available as described in the Collision Coverage paragraph above. Most insurance companies will offer (for a slight add'l premium) "0" deductible on Safety Glass Breakage. This means that if your windshield is damaged, your Comprehensive Coverage will replace the windshield at no cost to you. We recommend you consider this optional coverage.
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