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Principles of Risk Management and Insurance, 13th Edition by Michael McNamara, George E. Rejda

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Part D: Coverage for Damage to Your Auto

Part D (coverage for damage to your auto) provides coverage for damage or theft of an auto.

Insuring Agreement

The insurer agrees to pay for any direct and accidental loss to a covered auto or any nonowned auto as defined in the insuring agreement, including their equipment, less any deductible. If two autos insured under the same policy are damaged in the same accident, only one deductible must be met. If the deductible amounts are different, the higher deductible will apply. Two optional coverages are available: (1) collision coverage and (2) other-than-collision coverage (also called comprehensive). A collision loss is covered only if the declarations page indicates that collision coverage is provided ...

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