Accident — (1) In common usage: an unforeseen and unplanned event or circumstances; or an unfortunate event resulting especially from carelessness or ignorance (Webster's Dictionary). In insurance parlance, a term that is included within the insuring agreement of many types of liability insurance.
How do you write a description of an accident?
Exposure is an individual's inclination to Risk in their daily life. For example, the more a person drives their car, the higher their Exposure to an accident. Insurance companies use Exposure to measure the risks of taking on certain policies and to help determine Premiums.
What is meant by exposure in insurance?
Collision insurance is a type of coverage on your insurance policy. Let's say your car came into contact with another vehicle, or object (e.g. underground parking post, garage door, street sign), and was damaged somehow. If you had collision coverage, the cost to repair or replace your vehicle would be taken care of1.