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Nonrenewal
The termination of an insurance policy at its normal expiration date.
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).
Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.
Premium
The money paid for an insurance policy based upon the coverage provided.
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.
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.
Negligence
The absence of ordinary care.
Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
Uninsured Motorist Coverage (UMC)
Provides coverage for a policyholder involved in a collision with a driver who does not have liability insurance.
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