Collision Insurance definition

Collision Insurance means collision insurance coverage on Equipment in excess of $5,000 to be provided by KISTA from the Insurance Reserve Fund; Participating Districts being responsible for damages up to $5,000 for each separate incident from their own funds other than the Insurance Reserve Fund.

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Collision Insurance meaning insurance against loss of or damage to any property of the insured resulting from collision of any other object with the property, but not including collision to or by elevators or to or by vessels, craft, piers, or other instrumentalities of ocean or inland navigation.

Collision Insurance means in surance that reimburses the insured party for physical damage to his prop erty resulting from automobile accidents.

Examples of Collision Insurance in a sentence

If a premium is shown on the Policy Declarations for Repair Or Replacement Cost Coverage (Coverage RC), it will be Allstate's option to pay to repair or replace the auto to which Coverage RC applies as shown on the Policy Declarations for a covered loss if you have purchased both Auto Collision Insurance and Auto Comprehensive Insurance and either coverage is applicable to the loss.
If a premium for Auto Collision Insurance is shown for an auto, trailer or travel-trailer described on the Policy Declarations, we will pay for sudden and accidental direct physical loss to: 1.
BUYER/BORROWER may cancel this Addendum if BUYER/BORROWER purchases Comprehensive and Collision Insurance on the COLLATERAL from an alternative source reasonably satisfactory to CREDITOR.
If the Policy Declarations indicates a premium charge for Repair Or Replacement Cost Coverage (Coverage RC), it will be our option to pay to repair or replace the auto to which Coverage RC applies as shown on the Policy Declarations for a covered loss, subject to the applicable Auto Collision Insurance or Auto Comprehensive Insurance deductible, but without a deduction for depreciation.
To do so, BUYER/BORROWER must return to the CREDITOR, sign a Cancellation Request Form and provide verifiable proof of Comprehensive and Collision Insurance reasonably satisfactory to CREDITOR, naming CREDITOR as loss-payee/additional insured.
If a premium is shown on the Policy Declarations for Auto Collision Insurance, Allstate will pay for direct and accidental loss to an insured auto from a collision with another object or by upset of that auto or trailer.

More Definitions of Collision Insurance

Collision Insurance means the type of insurance rental car companies typically offer via a loss damage waiver or collision damage waiver (LDW or CDW).

Collision Insurance means insurance against loss of, or damage to, any

Collision Insurance means insurance against loss of or damage to any property of the insured resulting from collision of any other object with such property, but excluding collision to or by elevators, or to or by vessels, craft, piers or other instrumentalities of ocean or inland navigation.