/kəˈlɪʒən ˈɪnʃərəns/ – Phrase
Definition: Bảo hiểm chi trả cho việc sửa chữa hoặc thay thế xe hư hỏng sau một va chạm.
A more thorough explanation: an agreement to pay a company money in return for the company paying for repair of your vehicle when it is involved in an accident
Example: If a car driver crashes and doesn’t have collision insurance, he doesn’t get paid for towing.