What Is the Difference Between Collision and Other Than Collision

question 9

Essay

What is the difference between Collision and Other Than Collision coverages? Why does the PAP list certain perils in Other Than Collision when they can be caused by collision? What happens if the cause of loss is not listed?

---

Definitions:

Relationship

The way in which two or more people, groups, or countries interact and behave towards each other.

Target Return Pricing

A pricing strategy implemented by firms less concerned with the absolute level of profits and more interested in the rate at which their profits are generated relative to their investments; designed to produce a specific return on investment, usually expressed as a percentage of sales.

Profit Goal

A financial objective set by a company, aiming for a specific amount of profit over a certain period.

Supply Costs

The expenses incurred to obtain the goods or materials needed for the production of products or services.