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Premium
The money paid for an insurance policy based upon the coverage provided.
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.
Deductible
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.
Cancellation
The termination of an insurance policy before its normal expiration date.
Nonrenewal
The termination of an insurance policy at its normal expiration date.
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.
Broker
A person who for payment of a fee procures insurance on your behalf.
Limited Tort
Offers savings on your premiums. You are still able to recover all out-of-pocket medical and other expenses, however you are not able to recover non-monetary damages or receive payments for pain and suffering unless injuries are defined as serious.
Comprehensive Coverage
Pays for damage to your car caused by reason other than collision, such as fire, theft, windstorm, flood, etc.
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