What does OTC coverage refer to in insurance terms?

OTC coverage in insurance terms refers to "Other than Collision." This type of coverage typically includes protection against damages that occur to a vehicle from events other than a collision with another vehicle or object. This can encompass a variety of situations, such as theft, vandalism, natural disasters, or hitting an animal. Understanding the scope of OTC coverage is essential for policyholders, as it ensures they have a comprehensive protection plan for their vehicle that goes beyond standard collision coverage. The correct identification of this term helps adjusters assess claims accurately regarding the types of incidents covered under a policy.