You should be executed for stupidity (just kidding). You have to pay all damages yourself.
Collision is a slang term for coverage on your car if you cause the accident.
The repair of damage caused to your car when you caused the accident
Its considered a collision loss. If you have Collision coverage your car would be repaired less your deductible. Your insurance carrier will also pay for property damage you may have caused in the collision. If the collision is with a animal it could be considered a comprehensive loss.
It covers the damage done to your car in an accident.
You only get a rental if your policy specifies that you chose to pay extra to have rental car coverage. Having collision coverage is not the same thing as having rental. Collision coverage just covers the repairs to your vehicle. If you are not at fault for the accident, the other person's insurance will provide you with a rental car.
Collision insurance will cover any damages to your vehicle (or refund you the value of the car in the event that it becomes totaled) in the event of an accident. Collision insurance coverage typically only applies when you are the at-fault driver in the accident. Collision coverage covers any sort of collision whether it be with another car, a pot hole, a tree, a guard rail, a ditch, etc.
It covers damage done to your car in an accident.
Collision coverage can typically be removed when the value of your car is low enough that the cost of the coverage exceeds the potential payout in the event of an accident. This often occurs when a car is older and has significantly depreciated in value. It's a good idea to consult with your insurance provider to determine the best time to remove collision coverage.
Yes you can as long as you have collision coverage and this will be considered an "at fault" accident.
Full Coverage covers usually refers to having maximum liability, comprehensive and collision coverage on your policy. Maximum liability coverage covers third party injuries and damages when you are found at fault for an accident. It also gives you comprehensive and collision coverage that will cover repairs to your car if you are at fault for the accident, or something out of your control happens (vandalism, hit a deer). It is referred to as full coverage because your assets are covered as well as thrid party assets.
No, if you have the right coverage (collision) your company will still pay for your car.
Collision coverage, also known as auto collision insurance, is the part of your auto insurance that most always pays for damages to your vehicle in the case of an accident.