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Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.
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.
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
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.
Collision
Pays for damage to your car caused by a collision with another vehicle or with any other object, regardless who was at fault.
Negligence
The absence of ordinary care.
Uninsured Motorist Coverage (UMC)
Provides coverage for a policyholder involved in a collision with a driver who does not have liability insurance.
Underinsured Motorist Coverage
Pays for bodily injury or wrongful death caused by an underinsured motor vehicle (that is, a vehicle which is insured, but at an amount that is less than your uninsured motorist bodily injury (UMBI) limits).
Producer
A term applied to an agent, solicitor or other person who sells insurance.
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Did You Know?