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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.
Producer
A term applied to an agent, solicitor or other person who sells insurance.
Comprehensive Coverage
Pays for damage to your car caused by reason other than collision, such as fire, theft, windstorm, flood, etc.
Commission
That portion of the premium paid to the agent as compensation for his or her services.
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.
Collision
Pays for damage to your car caused by a collision with another vehicle or with any other object, regardless who was at fault.
Deductible
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.
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
Cancellation
The termination of an insurance policy before its normal expiration date.
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