What does Collision Deductible mean? Read on to discover the definition & meaning of the term Collision Deductible - to help you better understand the language used in insurance policies.
Amount an insured pays when claiming insurance for a collision damage. Usually it is a fixed sum, but may also be a percentage of the total claim amount. See also deductible.
We hope the you have a better understanding of the meaning of Collision Deductible.