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Premium
The money paid for an insurance policy based upon the coverage provided.
Comprehensive Coverage
Pays for damage to your car caused by reason other than collision, such as fire, theft, windstorm, flood, etc.
Quote
An estimate of the cost of insurance based on information supplied to the insurance company.
Venue
The specific county, city or geographical area in which a court has jurisdiction
Producer
A term applied to an agent, solicitor or other person who sells insurance.
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
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.
Broker
A person who for payment of a fee procures insurance on your behalf.
Scrapped
Vehicles that have been dismantled and/or crushed and should not return to the road.
Uninsured Motorist Coverage (UMC)
Provides coverage for a policyholder involved in a collision with a driver who does not have liability insurance.
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