Protection |
| Protection Insurance in the United States |
| Protection (PIP) insurance. Collision / Comprehensive - |
| Collision coverage guarantees the policy owner's car will be repaired or replaced in the event of an accident, no matter who was at fault. Collision coverage premiums are based on a deductible, usually $250 or $500. Collision coverage is often required when purchasing a new car on a loan, to protect the lender. |
| Comprehensive coverage will pay to repair or replace the policy owner's vehicle and personal property inside of it if it was damaged or lost due to other agents, e.g., fire, theft, flood, vandalism, etc. Comprehensive coverage is also based on a deductible, generally of the same amounts as Collision, and is also often required when purchasing a new car using a loan. Both Collision and Comprehensive coverage can be RCV (replacement cost value) or ACV (actual cash value). |
| RCV Replacement Cost Value |
| ACV Actual Cash Value |
| Under-insured Motorist coverage UM/UIM coverage |
| Car |