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Airbag Deployment
Occurs when the driver, passenger or side airbag has been used or deployed during a crash or other incident.
Binder
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.
Full Tort
With this selection you retain unrestricted rights to bring suit against the negligent party.
Venue
The specific county, city or geographical area in which a court has jurisdiction
Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.
Producer
A term applied to an agent, solicitor or other person who sells insurance.
Total Loss
An insurance company declares a vehicle a total loss when a claim exceeds the full value of the vehicle. Insurance companies typically take possession and obtain the title of such vehicles.
Commissioner of Insurance
The title of the head of most state insurance departments. In some states, the Director or Superintendent of Insurance is used instead.
Broker
A person who for payment of a fee procures insurance on your behalf.
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.
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