|
Full Tort
With this selection you retain unrestricted rights to bring suit against the negligent party.
Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
Nonrenewal
The termination of an insurance policy at its normal expiration date.
Loss Due To Fire Title
The vehicle sustained major damage due to fire. In most states, fire damage titles are issued when the cost of repairing the vehicle for safe operation exceeds its fair market value.
Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.
Premium
The money paid for an insurance policy based upon the coverage provided.
Private Passenger Automobile
Four-wheeled motor vehicles of the private passenger, station wagon, or van type. Private passenger automobiles are designed for use on public highways and subject to motor vehicle registration.
Insured
The person(s) entitled to coverage in case of an accident or loss.
Broker
A person who for payment of a fee procures insurance on your behalf.
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.
|
Did You Know?