When do I drop collision coverage?

Aug. 9, 2012 - PRLog -- Visit Policy Price Check for details about the latest educational update entitled, "When do I drop collision coverage?"

The story begins by describing what collision coverage is and what the limits are that it will pay, "Collision coverage is the part of your insurance policy that pays for damages to your car in the event of an accident.  After an accident you will pay for your deductible and your insurance will pay for the rest up to the actual cash value of your vehicle."

The post also offers four rules of thumb for deciding when it is time to drop collision coverage: the age of your vehicle, whether you have a loan that requires collision coverage, if you can afford the coverage, and if what the coverage would pay out is less than what you are potentially able to pay yourself.  

To read the rest of the story go here to check it out: http://policypricecheck.com/drop-collision-coverage/

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