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Exclusion
A contractual provision in an insurance policy that denies coverage for certain perils, persons, property, or locations.
Producer
A term applied to an agent, solicitor or other person who sells insurance.
Binder
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.
Collision
Pays for damage to your car caused by a collision with another vehicle or with any other object, regardless who was at fault.
Salvage
Property taken over by an insurer to reduce its loss.
Summons
Document or writ directing the sheriff or other officer to notify a person that an action has been commenced against him in court and that he is required to appear, on a certain day, and answer the complaint in such action.
Scrapped
Vehicles that have been dismantled and/or crushed and should not return to the road.
Full Tort
With this selection you retain unrestricted rights to bring suit against the negligent party.
Premium Finance Company
A lending institution that finances insurance premiums for a fee.
Insured
The person(s) entitled to coverage in case of an accident or loss.
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