Collision insurance is one type of coverage that is included in most auto insurance policies. It is designed to cover the cost of repairing or replacing your vehicle, if you are involved in a collision. There are two types of collision coverage: broad and standard. In this blog post, we will discuss the difference between the two and why you might want broad collision insurance.

Standard Collision Insurance

Standard collision insurance, also known as basic collision coverage, is the most common type of collision insurance. It covers the cost of repairing or replacing your vehicle if it is damaged in a collision. Standard collision insurance typically has a deductible you must pay regardless of fault., which is the amount you will pay out of pocket before your insurance kicks in, and is your responsibility. The higher your deductible, the lower your insurance premium will be.

Broad Collision Insurance

Broad collision insurance, on the other hand, is a more comprehensive type of collision coverage. It also covers the cost of repairing or replacing your vehicle if it is damaged in a collision. However, with Broad collision insurance, the deductible is waived if you are deemed to be not at fault. For this convenience you will pay a higher premium.

Why You Might Want Broad Collision Insurance

While standard collision insurance provides basic coverage in the event of a collision, it may not be enough to protect you from other types of damage. It provides peace of mind knowing that your claim will be covered in full when the unexpected happens.

In Michigan, there is a Mini-Tort law that does allow motorists involved in an accident to seek recovery of their deductible, up to $3000 from the at-fault party. Broad collision insurance can also be beneficial, if you are victim of a hit and run, the other driver does not have insurance, or maybe they are uncollectable.

In conclusion, choosing between broad and standard collision insurance depends on your personal situation and the level of protection you want. While standard collision insurance is the most common type of coverage, it may not provide the value you are looking for. Broad collision insurance provides additional coverage that can give you peace of mind and a convenience factor.