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Salvage
Property taken over by an insurer to reduce its loss.
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.
Producer
A term applied to an agent, solicitor or other person who sells insurance.
Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.
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.
Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.
Witness
Person who testifies under oath before a court, regarding what he/she has seen, heard or otherwise observed.
Nonrenewal
The termination of an insurance policy at its normal expiration date.
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
Loss Due To Fire Title
The vehicle sustained major damage due to fire. In most states, fire damage titles are issued when the cost of repairing the vehicle for safe operation exceeds its fair market value.
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