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Limits
The maximum amount of benefits the insurance company agrees to pay in the event of a loss.
Broker
A person who for payment of a fee procures insurance on your behalf.
Insured
The person(s) entitled to coverage in case of an accident or loss.
Collision
Pays for damage to your car caused by a collision with another vehicle or with any other object, regardless who was at fault.
Commissioner of Insurance
The title of the head of most state insurance departments. In some states, the Director or Superintendent of Insurance is used instead.
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.
Nonrenewal
The termination of an insurance policy at its normal expiration date.
Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
Premium
The money paid for an insurance policy based upon the coverage provided.
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