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Premium
The money paid for an insurance policy based upon the coverage provided.
Negligence
The absence of ordinary care.
Exclusion
A contractual provision in an insurance policy that denies coverage for certain perils, persons, property, or locations.
Limited Tort
Offers savings on your premiums. You are still able to recover all out-of-pocket medical and other expenses, however you are not able to recover non-monetary damages or receive payments for pain and suffering unless injuries are defined as serious.
Salvage
Property taken over by an insurer to reduce its loss.
Witness
Person who testifies under oath before a court, regarding what he/she has seen, heard or otherwise observed.
Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.
Full Tort
With this selection you retain unrestricted rights to bring suit against the negligent party.
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.
Dismantled Title
The vehicle sustained major damage to one or more major component parts and the cost of repairing the vehicle for safe operation exceeds its fair market value.
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