|
FAQ: Demystifying Auto Insurance Definitions
What is a collision deductible waiver?
Even though it's illegal to drive without auto insurance coverage in most states, inevitably, there are drivers out there who believe they're above the law. If you should happen to be hit by an uninsured driver, it wouldn't be fair for you to have to pay for the damages. That's why the collision deductible waiver is available when you buy auto insurance coverage from Esurance.
In states where it's available, you're required to buy a collision deductible waiver in conjunction with your collision coverage. The collision deductible waiver pays your collision deductible if your insured car is involved in an accident in which an uninsured motorist is held legally responsible. If you have a high deductible this is especially helpful!
Uninsured/underinsured motorist coverage is another important type of auto insurance coverage to be aware of. There are 2 types of uninsured/underinsured motorist coverage: bodily injury and property damage. Both will help cover you in case of an accident with an uninsured or underinsured driver.
The repercussions of driving without insurance should fall on the culprit, not the victim. Without a collision deductible waiver, however, you could get stuck cleaning up after somebody else's mess.
Even if a collision deductible waiver is not mandatory in your area, we recommend you cover yourself when you buy you auto insurance coverage. A few extra dollars a month can save you quite a bit of money if you ever have to deal with an uninsured driver. In a perfect world, everybody would carry auto insurance coverage. Since this isn't a perfect world, a collision deductible waiver is a wise investment.
|
