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Airbag Deployment
Occurs when the driver, passenger or side airbag has been used or deployed during a crash or other incident.
Collision
Pays for damage to your car caused by a collision with another vehicle or with any other object, regardless who was at fault.
Salvage
Property taken over by an insurer to reduce its loss.
Insured
The person(s) entitled to coverage in case of an accident or loss.
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
Cancellation
The termination of an insurance policy before its normal expiration date.
Misdemeanor
Criminal offenses less than felonies; generally those punishable by fine or imprisonment of less than 90 days in a local facility. A gross misdemeanor is a criminal offense for which an adult could be sent to jail for up to one year, pay a fine up to $5,000 or both.
Premium Finance Company
A lending institution that finances insurance premiums for a fee.
Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.
Nonrenewal
The termination of an insurance policy at its normal expiration date.
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