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Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
Limits
The maximum amount of benefits the insurance company agrees to pay in the event of a loss.
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.
Dismantled Title
The vehicle sustained major damage to one or more major component parts and the cost of repairing the vehicle for safe operation exceeds its fair market value.
Venue
The specific county, city or geographical area in which a court has jurisdiction
Quote
An estimate of the cost of insurance based on information supplied to the insurance company.
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.
Comprehensive Coverage
Pays for damage to your car caused by reason other than collision, such as fire, theft, windstorm, flood, etc.
Commissioner of Insurance
The title of the head of most state insurance departments. In some states, the Director or Superintendent of Insurance is used instead.
Insured
The person(s) entitled to coverage in case of an accident or loss.
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