Collision insurance is intended to cover the risk of damages arising in case of a collision, theft, natural disaster or the actions of a third party (vandalism). If you have collision insurance and you pay your premiums regularly, according to the given terms of coverage, the insurance company will pay you compensation for damages occurring to your vehicle. You can insure yourself against collision, theft, damage or destruction by a natural disaster or the actions of a third party (vandalism). The various insurance companies combine these types of coverage in different ways, but most customers choose complete “all risk” insurance coverage. There are other secondary types of risk, and these must be covered separately. These include insurance coverage for windshields, luggage and personal items, injury of transported persons, special equipment, the cost of a replacement vehicle etc.