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Salvage
Property taken over by an insurer to reduce its loss.
Venue
The specific county, city or geographical area in which a court has jurisdiction
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.
Collision
Pays for damage to your car caused by a collision with another vehicle or with any other object, regardless who was at fault.
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
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.
Subrogation
The process in which an insurance company, after paying a loss to its insured, recovers the amount of the loss for damages (plus the insured's deductible) from the legally liable party.
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.
Full Tort
With this selection you retain unrestricted rights to bring suit against the negligent party.
Gap Insurance
Insurance that pays the difference between the actual cash value of a vehicle and the amount still to be paid on the loan. Some gap policies may also cover the amount of the deductible.
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