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Collision (Coll)
Collision coverage pays for damage to your car in an accident, usually up to the actual cash value of your car. Actual cash value is market value of your vehicle at the time of the loss, less your deductible. Market value is determined by various factors; how many miles are on the vehicle, if the vehicle has been in an accident before and most importantly, what your vehicle would sell for in your area at the time of loss.
Collision coverage usually does not pay for the total loss. You generally have a deductible; an amount you must pay out of your own pocket before your insurance payments take effect. Suppose, for example, that you have a $250 deductible. On a loss of $1,000, you would pay the first $250 and your insurance company would pay the remaining $750.
