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Comprehensive Coverage
Pays for damage to your car caused by reason other than collision, such as fire, theft, windstorm, flood, etc.
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
Premium
The money paid for an insurance policy based upon the coverage provided.
Limits
The maximum amount of benefits the insurance company agrees to pay in the event of a loss.
Limited Tort
Offers savings on your premiums. You are still able to recover all out-of-pocket medical and other expenses, however you are not able to recover non-monetary damages or receive payments for pain and suffering unless injuries are defined as serious.
Uninsured Motorist Coverage (UMC)
Provides coverage for a policyholder involved in a collision with a driver who does not have liability insurance.
Gap Insurance
Insurance that pays the difference between the actual cash value of a vehicle and the amount still to be paid on the loan. Some gap policies may also cover the amount of the deductible.
Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.
Full Tort
With this selection you retain unrestricted rights to bring suit against the negligent party.
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