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Scrapped
Vehicles that have been dismantled and/or crushed and should not return to the road.
Binder
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.
Full Tort
With this selection you retain unrestricted rights to bring suit against the negligent party.
Policy
Written contract of insurance.
Negligence
The absence of ordinary care.
Producer
A term applied to an agent, solicitor or other person who sells insurance.
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.
Insured
The person(s) entitled to coverage in case of an accident or loss.
Uninsured Motorist Coverage (UMC)
Provides coverage for a policyholder involved in a collision with a driver who does not have liability insurance.
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
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