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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.
Collision
Pays for damage to your car caused by a collision with another vehicle or with any other object, regardless who was at fault.
Medical Payments Coverage
Covers the medical costs (up to the specified limit you choose) resulting from an auto accident for you, your family, and others in your car. It pays regardless of fault.
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.
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.
Insured
The person(s) entitled to coverage in case of an accident or loss.
Deductible
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.
Negligence
The absence of ordinary care.
Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.
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