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Broker
A person who for payment of a fee procures insurance on your behalf.
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.
Premium
The money paid for an insurance policy based upon the coverage provided.
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.
Negligence
The absence of ordinary care.
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.
Binder
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.
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.
Full Tort
With this selection you retain unrestricted rights to bring suit against the negligent party.
Producer
A term applied to an agent, solicitor or other person who sells insurance.
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