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Comprehensive Coverage
Pays for damage to your car caused by reason other than collision, such as fire, theft, windstorm, flood, etc.
Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
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.
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
Premium Finance Company
A lending institution that finances insurance premiums for a fee.
Cancellation
The termination of an insurance policy before its normal expiration date.
Full Tort
With this selection you retain unrestricted rights to bring suit against the negligent party.
Limits
The maximum amount of benefits the insurance company agrees to pay in the event of a loss.
Salvage
Property taken over by an insurer to reduce its loss.
Subpoena
Document issued by the authority of the court to compel a witness to appear and give testimony or produce documentary evidence in a proceeding. Failure to appear or produce is punishable by contempt of court.
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