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Cancellation
The termination of an insurance policy before its normal expiration date.
Limits
The maximum amount of benefits the insurance company agrees to pay in the event of a loss.
Liability Insurance
Coverage for a policyholder's legal liability resulting from injuries to other persons or damage to their property.
Insured
The person(s) entitled to coverage in case of an accident or loss.
Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.
Hearsay
Evidence based on what the witness has heard someone else say, rather than what the witness has personally experienced or observed.
Airbag Deployment
Occurs when the driver, passenger or side airbag has been used or deployed during a crash or other incident.
Exclusion
A contractual provision in an insurance policy that denies coverage for certain perils, persons, property, or locations.
Broker
A person who for payment of a fee procures insurance on your behalf.
Deductible
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.
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