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Premium
The money paid for an insurance policy based upon the coverage provided.
Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.
Total Loss
An insurance company declares a vehicle a total loss when a claim exceeds the full value of the vehicle. Insurance companies typically take possession and obtain the title of such vehicles.
Uninsured Motorist Coverage (UMC)
Provides coverage for a policyholder involved in a collision with a driver who does not have liability insurance.
Cancellation
The termination of an insurance policy before its normal expiration date.
Insurer
The insurance company providing the insurance.
Venue
The specific county, city or geographical area in which a court has jurisdiction
Quote
An estimate of the cost of insurance based on information supplied to the insurance company.
Towing & Labor Coverage
Pays for towing charges when your car can’t be driven. Also pays labor charges, such as changing a flat tire, at the place where your car broke down.
Deductible
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.
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