Accident Terms and Definitions

Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.

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.

Premium Finance Company
A lending institution that finances insurance premiums for a fee.

Replacement Cost
Replacement cost is the cost of replacing lost or damaged property with new property of like kind and quality, at current market prices.

Negligence
The absence of ordinary care.

Subpoena
Document issued by the authority of the court to compel a witness to appear and give testimony or produce documentary evidence in a proceeding. Failure to appear or produce is punishable by contempt of court.

Deductible
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.

Medical Payments Coverage
Covers the medical costs (up to the specified limit you choose) resulting from an auto accident for you, your family, and others in your car. It pays regardless of fault.

Quote
An estimate of the cost of insurance based on information supplied to the insurance company.