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Deductible
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.
Liability Insurance
Coverage for a policyholder's legal liability resulting from injuries to other persons or damage to their property.
Venue
The specific county, city or geographical area in which a court has jurisdiction
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.
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.
Full Tort
With this selection you retain unrestricted rights to bring suit against the negligent party.
Salvage
Property taken over by an insurer to reduce its loss.
Commission
That portion of the premium paid to the agent as compensation for his or her services.
Airbag Deployment
Occurs when the driver, passenger or side airbag has been used or deployed during a crash or other incident.
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).
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