|
Producer
A term applied to an agent, solicitor or other person who sells insurance.
Insurer
The insurance company providing the insurance.
Airbag Deployment
Occurs when the driver, passenger or side airbag has been used or deployed during a crash or other incident.
Subrogation
The process in which an insurance company, after paying a loss to its insured, recovers the amount of the loss for damages (plus the insured's deductible) from the legally liable party.
Negligence
The absence of ordinary care.
Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.
Cancellation
The termination of an insurance policy before its normal expiration date.
Full Tort
With this selection you retain unrestricted rights to bring suit against the negligent party.
Vehicle ID No. (VIN)
This 17 character number is unique to each vehicle. It identifies characteristics of the vehicle, including manufacturer, year, model, body, engine specifications, and serial number.
Binder
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.
|
Did You Know?