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Negligence
The absence of ordinary care.
Quote
An estimate of the cost of insurance based on information supplied to the insurance company.
Nonrenewal
The termination of an insurance policy at its normal expiration date.
Collision
Pays for damage to your car caused by a collision with another vehicle or with any other object, regardless who was at fault.
Premium Finance Company
A lending institution that finances insurance premiums for a fee.
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
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.
Limits
The maximum amount of benefits the insurance company agrees to pay in the event of a loss.
Producer
A term applied to an agent, solicitor or other person who sells insurance.
Premium
The money paid for an insurance policy based upon the coverage provided.
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