|
Scrapped
Vehicles that have been dismantled and/or crushed and should not return to the road.
Deductible
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.
Broker
A person who for payment of a fee procures insurance on your behalf.
Misdemeanor
Criminal offenses less than felonies; generally those punishable by fine or imprisonment of less than 90 days in a local facility. A gross misdemeanor is a criminal offense for which an adult could be sent to jail for up to one year, pay a fine up to $5,000 or both.
Quote
An estimate of the cost of insurance based on information supplied to the insurance company.
Salvage
Property taken over by an insurer to reduce its loss.
Premium
The money paid for an insurance policy based upon the coverage provided.
Venue
The specific county, city or geographical area in which a court has jurisdiction
Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.
Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.
|
Did You Know?