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Quote
An estimate of the cost of insurance based on information supplied to the insurance company.
Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.
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.
Uninsured Motorist Coverage (UMC)
Provides coverage for a policyholder involved in a collision with a driver who does not have liability insurance.
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.
Towing & Labor Coverage
Pays for towing charges when your car can’t be driven. Also pays labor charges, such as changing a flat tire, at the place where your car broke down.
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.
Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.
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.
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