What is the difference between Collision physical damage coverage and Other Than Collision Physical (OTC) damage coverage?
Collision is defined as losses you incur when your automobile collides with another car or object. For example, if you hit a car in a parking lot, the damages to your car will be paid under your collision coverage. Other Than Collision provides coverage for most other direct physical damage losses could incur. For example, damage to your car from a hailstorm will be covered under your other than collision coverage. It is important to know the difference between the collision and OTC for a couple of reasons. First, in order to make an informed purchasing decision about these optional coverages, you need to know the difference between them. Second, the deductibles under the collision and other than collision coverages are often different in amount.
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