Accident Terms and Definitions

Policy
Written contract of insurance.

Scrapped
Vehicles that have been dismantled and/or crushed and should not return to the road.

Medical Payments Coverage
Covers the medical costs (up to the specified limit you choose) resulting from an auto accident for you, your family, and others in your car. It pays regardless of fault.

Loss Due To Fire Title
The vehicle sustained major damage due to fire. In most states, fire damage titles are issued when the cost of repairing the vehicle for safe operation exceeds its fair market value.

Private Passenger Automobile
Four-wheeled motor vehicles of the private passenger, station wagon, or van type. Private passenger automobiles are designed for use on public highways and subject to motor vehicle registration.

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

Binder
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.

Premium Finance Company
A lending institution that finances insurance premiums for a fee.

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.

Summons
Document or writ directing the sheriff or other officer to notify a person that an action has been commenced against him in court and that he is required to appear, on a certain day, and answer the complaint in such action.