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Broker
A person who for payment of a fee procures insurance on your behalf.
Limits
The maximum amount of benefits the insurance company agrees to pay in the event of a loss.
Comprehensive Coverage
Pays for damage to your car caused by reason other than collision, such as fire, theft, windstorm, flood, etc.
Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
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.
Premium Finance Company
A lending institution that finances insurance premiums for a fee.
Underinsured Motorist Coverage
Pays for bodily injury or wrongful death caused by an underinsured motor vehicle (that is, a vehicle which is insured, but at an amount that is less than your uninsured motorist bodily injury (UMBI) limits).
Insured
The person(s) entitled to coverage in case of an accident or loss.
Negligence
The absence of ordinary care.
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.
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