Accident Terms and Definitions

Negligence
The absence of ordinary care.

Premium
The money paid for an insurance policy based upon the coverage provided.

Producer
A term applied to an agent, solicitor or other person who sells insurance.

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

Insurer
The insurance company providing the insurance.

Commission
That portion of the premium paid to the agent as compensation for his or her services.

Hearsay
Evidence based on what the witness has heard someone else say, rather than what the witness has personally experienced or observed.

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

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.

Underinsured Motorist Coverage
Pays for bodily injury or wrongful death caused by an underinsured motor vehicle (that is, a vehicle which is insured, but at an amount that is less than your uninsured motorist bodily injury (UMBI) limits).