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Cancellation
The termination of an insurance policy before its normal expiration date.
Deductible
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.
Comprehensive Coverage
Pays for damage to your car caused by reason other than collision, such as fire, theft, windstorm, flood, etc.
Airbag Deployment
Occurs when the driver, passenger or side airbag has been used or deployed during a crash or other incident.
Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.
Junk Title
A Junk Title is issued on a vehicle damaged to the extent that the cost of repairing the vehicle for safe operation exceeds its fair market value; or a vehicle that has been declared a total loss by an insurer or other state or jurisdiction.
Premium Finance Company
A lending institution that finances insurance premiums for a fee.
Insurer
The insurance company providing the insurance.
Witness
Person who testifies under oath before a court, regarding what he/she has seen, heard or otherwise observed.
Limits
The maximum amount of benefits the insurance company agrees to pay in the event of a loss.
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