|
Airbag Deployment
Occurs when the driver, passenger or side airbag has been used or deployed during a crash or other incident.
Premium
The money paid for an insurance policy based upon the coverage provided.
Exclusion
A contractual provision in an insurance policy that denies coverage for certain perils, persons, property, or locations.
Premium Finance Company
A lending institution that finances insurance premiums for a fee.
Hearsay
Evidence based on what the witness has heard someone else say, rather than what the witness has personally experienced or observed.
Cancellation
The termination of an insurance policy before its normal expiration date.
Quote
An estimate of the cost of insurance based on information supplied to the insurance company.
Accident
A collision involving an automobile and anything that causes damage to the automobile, including other automobiles, telephone poles, buildings, and trees.
Full Tort
With this selection you retain unrestricted rights to bring suit against the negligent party.
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
|
Did You Know?