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Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.
Full Tort
With this selection you retain unrestricted rights to bring suit against the negligent party.
Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
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.
Premium Finance Company
A lending institution that finances insurance premiums for a fee.
Policy
Written contract of insurance.
Private Passenger Automobile
Four-wheeled motor vehicles of the private passenger, station wagon, or van type. Private passenger automobiles are designed for use on public highways and subject to motor vehicle registration.
Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.
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.
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.
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