Accident Terms and Definitions

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

Uninsured Motorist Coverage (UMC)
Provides coverage for a policyholder involved in a collision with a driver who does not have liability insurance.

Replacement Cost
Replacement cost is the cost of replacing lost or damaged property with new property of like kind and quality, at current market prices.

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

Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.

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

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

Negligence
The absence of ordinary care.

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.