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Broker
A person who for payment of a fee procures insurance on your behalf.
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.
Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.
Policy
Written contract of insurance.
Commissioner of Insurance
The title of the head of most state insurance departments. In some states, the Director or Superintendent of Insurance is used instead.
Total Loss
An insurance company declares a vehicle a total loss when a claim exceeds the full value of the vehicle. Insurance companies typically take possession and obtain the title of such vehicles.
Accident
A collision involving an automobile and anything that causes damage to the automobile, including other automobiles, telephone poles, buildings, and trees.
Deductible
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.
Quote
An estimate of the cost of insurance based on information supplied to the insurance company.
Witness
Person who testifies under oath before a court, regarding what he/she has seen, heard or otherwise observed.
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