What does a Collision Deductive Waiver do?

What does a Collision Deductive Waiver do?

• A. Replaces all collision coverage with full coverage
• B. Waives the collision deductible for accidents involving uninsured motorists
• C. Provides a discount on collision insurance premiums
• D. Covers the full value of a vehicle after a collision

Answer: (B)

A Collision Deductible Waiver is a specific feature found in auto insurance policies that eliminates the driver's deductible in certain situations. When this waiver is included in an insurance policy, it allows the policyholder to avoid paying the deductible when their vehicle is damaged in an accident caused by an uninsured motorist. This means that if an insured vehicle is involved in a collision where the at-fault party does not have insurance, the insured driver can file a claim without having to cover the deductible amount. This feature is particularly beneficial for drivers who may be concerned about the financial impact of accidents involving uninsured motorists, as it helps alleviate some of the costs that would typically be incurred in such scenarios. Other options related to coverage replacement, premium discounts, or full vehicle coverage post-collision do not accurately describe the function of a Collision Deductible Waiver.

A Collision Deductible Waiver is a specific feature found in auto insurance policies that eliminates the driver's deductible in certain situations. When this waiver is included in an insurance policy, it allows the policyholder to avoid paying the deductible when their vehicle is damaged in an accident caused by an uninsured motorist. This means that if an insured vehicle is involved in a collision where the at-fault party does not have insurance, the insured driver can file a claim without having to cover the deductible amount.

This feature is particularly beneficial for drivers who may be concerned about the financial impact of accidents involving uninsured motorists, as it helps alleviate some of the costs that would typically be incurred in such scenarios. Other options related to coverage replacement, premium discounts, or full vehicle coverage post-collision do not accurately describe the function of a Collision Deductible Waiver.