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Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
Premium Finance Company
A lending institution that finances insurance premiums for a fee.
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.
Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.
Insurer
The insurance company providing the insurance.
Scrapped
Vehicles that have been dismantled and/or crushed and should not return to the road.
Comprehensive Coverage
Pays for damage to your car caused by reason other than collision, such as fire, theft, windstorm, flood, etc.
Premium
The money paid for an insurance policy based upon the coverage provided.
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.
Full Tort
With this selection you retain unrestricted rights to bring suit against the negligent party.
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