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Venue
The specific county, city or geographical area in which a court has jurisdiction
Commission
That portion of the premium paid to the agent as compensation for his or her services.
Premium
The money paid for an insurance policy based upon the coverage provided.
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.
Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
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).
Producer
A term applied to an agent, solicitor or other person who sells insurance.
Replacement Cost
Replacement cost is the cost of replacing lost or damaged property with new property of like kind and quality, at current market prices.
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
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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