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Negligence
The absence of ordinary care.
Commission
That portion of the premium paid to the agent as compensation for his or her services.
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.
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.
Uninsured Motorist Coverage (UMC)
Provides coverage for a policyholder involved in a collision with a driver who does not have liability insurance.
Junk Title
A Junk Title is issued on a vehicle damaged to the extent that the cost of repairing the vehicle for safe operation exceeds its fair market value; or a vehicle that has been declared a total loss by an insurer or other state or jurisdiction.
Liability Insurance
Coverage for a policyholder's legal liability resulting from injuries to other persons or damage to their property.
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
Cancellation
The termination of an insurance policy before its normal expiration date.
Salvage
Property taken over by an insurer to reduce its loss.
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