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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.
Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.
Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.
Uninsured Motorist Coverage (UMC)
Provides coverage for a policyholder involved in a collision with a driver who does not have liability insurance.
Policy
Written contract of insurance.
Comprehensive Coverage
Pays for damage to your car caused by reason other than collision, such as fire, theft, windstorm, flood, etc.
Binder
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.
Witness
Person who testifies under oath before a court, regarding what he/she has seen, heard or otherwise observed.
Quote
An estimate of the cost of insurance based on information supplied to the insurance company.
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.
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