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Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.
Liability Insurance
Coverage for a policyholder's legal liability resulting from injuries to other persons or damage to their property.
Policy
Written contract of insurance.
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.
Premium
The money paid for an insurance policy based upon the coverage provided.
Limits
The maximum amount of benefits the insurance company agrees to pay in the event of a loss.
Insurer
The insurance company providing the insurance.
Dismantled Title
The vehicle sustained major damage to one or more major component parts and the cost of repairing the vehicle for safe operation exceeds its fair market value.
Full Tort
With this selection you retain unrestricted rights to bring suit against the negligent party.
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.
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