Accident Terms and Definitions

Policy
Written contract of insurance.

Broker
A person who for payment of a fee procures insurance on your behalf.

Insurer
The insurance company providing the insurance.

Towing & Labor Coverage
Pays for towing charges when your car can’t be driven. Also pays labor charges, such as changing a flat tire, at the place where your car broke down.

Deductible
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.

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

Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.

Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.

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.

Salvage
Property taken over by an insurer to reduce its loss.