|
Limits
The maximum amount of benefits the insurance company agrees to pay in the event of a loss.
Exclusion
A contractual provision in an insurance policy that denies coverage for certain perils, persons, property, or locations.
Comprehensive Coverage
Pays for damage to your car caused by reason other than collision, such as fire, theft, windstorm, flood, etc.
Full Tort
With this selection you retain unrestricted rights to bring suit against the negligent party.
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.
Nonrenewal
The termination of an insurance policy at its normal expiration date.
Binder
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.
Quote
An estimate of the cost of insurance based on information supplied to the insurance company.
Broker
A person who for payment of a fee procures insurance on your behalf.
Insurer
The insurance company providing the insurance.
|
Did You Know?