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Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.
Comprehensive Coverage
Pays for damage to your car caused by reason other than collision, such as fire, theft, windstorm, flood, etc.
Premium
The money paid for an insurance policy based upon the coverage provided.
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.
Insured
The person(s) entitled to coverage in case of an accident or loss.
Venue
The specific county, city or geographical area in which a court has jurisdiction
Dismantled Title
The vehicle sustained major damage to one or more major component parts and the cost of repairing the vehicle for safe operation exceeds its fair market value.
Limited Tort
Offers savings on your premiums. You are still able to recover all out-of-pocket medical and other expenses, however you are not able to recover non-monetary damages or receive payments for pain and suffering unless injuries are defined as serious.
Premium Finance Company
A lending institution that finances insurance premiums for a fee.
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