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Insured
The person(s) entitled to coverage in case of an accident or loss.
Commission
That portion of the premium paid to the agent as compensation for his or her services.
Comprehensive Coverage
Pays for damage to your car caused by reason other than collision, such as fire, theft, windstorm, flood, etc.
Binder
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.
Insurer
The insurance company providing the insurance.
Nonrenewal
The termination of an insurance policy at its normal expiration date.
Medical Payments Coverage
Covers the medical costs (up to the specified limit you choose) resulting from an auto accident for you, your family, and others in your car. It pays regardless of fault.
Premium
The money paid for an insurance policy based upon the coverage provided.
Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.
Broker
A person who for payment of a fee procures insurance on your behalf.
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