|
Deductible
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.
Misdemeanor
Criminal offenses less than felonies; generally those punishable by fine or imprisonment of less than 90 days in a local facility. A gross misdemeanor is a criminal offense for which an adult could be sent to jail for up to one year, pay a fine up to $5,000 or both.
Broker
A person who for payment of a fee procures insurance on your behalf.
Binder
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.
Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.
Airbag Deployment
Occurs when the driver, passenger or side airbag has been used or deployed during a crash or other incident.
Replacement Cost
Replacement cost is the cost of replacing lost or damaged property with new property of like kind and quality, at current market prices.
Collision
Pays for damage to your car caused by a collision with another vehicle or with any other object, regardless who was at fault.
Venue
The specific county, city or geographical area in which a court has jurisdiction
Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.
|
Did You Know?