Accident Terms and Definitions

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

Full Tort
With this selection you retain unrestricted rights to bring suit against the negligent party.

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.

Quote
An estimate of the cost of insurance based on information supplied to the insurance company.

Limits
The maximum amount of benefits the insurance company agrees to pay in the event of a loss.

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

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

Premium
The money paid for an insurance policy based upon the coverage provided.

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.

Limited Tort
Offers savings on your premiums. You are still able to recover all out-of-pocket medical and other expenses, however you are not able to recover non-monetary damages or receive payments for pain and suffering unless injuries are defined as serious.