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Cancellation
The termination of an insurance policy before its normal expiration date.
Broker
A person who for payment of a fee procures insurance on your behalf.
Liability Insurance
Coverage for a policyholder's legal liability resulting from injuries to other persons or damage to their property.
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.
Commission
That portion of the premium paid to the agent as compensation for his or her services.
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
Insured
The person(s) entitled to coverage in case of an accident or loss.
Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.
Witness
Person who testifies under oath before a court, regarding what he/she has seen, heard or otherwise observed.
Private Passenger Automobile
Four-wheeled motor vehicles of the private passenger, station wagon, or van type. Private passenger automobiles are designed for use on public highways and subject to motor vehicle registration.
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