Accident Terms and Definitions

Producer
A term applied to an agent, solicitor or other person who sells insurance.

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.

Premium
The money paid for an insurance policy based upon the coverage provided.

Full Tort
With this selection you retain unrestricted rights to bring suit against the negligent party.

Uninsured Motorist Coverage (UMC)
Provides coverage for a policyholder involved in a collision with a driver who does not have liability insurance.

Dismantled Title
The vehicle sustained major damage to one or more major component parts and the cost of repairing the vehicle for safe operation exceeds its fair market value.

Misdemeanor
Criminal offenses less than felonies; generally those punishable by fine or imprisonment of less than 90 days in a local facility. A gross misdemeanor is a criminal offense for which an adult could be sent to jail for up to one year, pay a fine up to $5,000 or both.

Quote
An estimate of the cost of insurance based on information supplied to the insurance company.

Venue
The specific county, city or geographical area in which a court has jurisdiction

Liability Insurance
Coverage for a policyholder's legal liability resulting from injuries to other persons or damage to their property.