|
Cancellation
The termination of an insurance policy before its normal expiration date.
Producer
A term applied to an agent, solicitor or other person who sells insurance.
Commission
That portion of the premium paid to the agent as compensation for his or her services.
Collision
Pays for damage to your car caused by a collision with another vehicle or with any other object, regardless who was at fault.
Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.
Broker
A person who for payment of a fee procures insurance on your behalf.
Salvage
Property taken over by an insurer to reduce its loss.
Private Passenger Automobile
Four-wheeled motor vehicles of the private passenger, station wagon, or van type. Private passenger automobiles are designed for use on public highways and subject to motor vehicle registration.
Airbag Deployment
Occurs when the driver, passenger or side airbag has been used or deployed during a crash or other incident.
Uninsured Motorist Coverage (UMC)
Provides coverage for a policyholder involved in a collision with a driver who does not have liability insurance.
|
Did You Know?