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Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.
Towing & Labor Coverage
Pays for towing charges when your car can’t be driven. Also pays labor charges, such as changing a flat tire, at the place where your car broke down.
Scrapped
Vehicles that have been dismantled and/or crushed and should not return to the road.
Nonrenewal
The termination of an insurance policy at its normal expiration date.
Witness
Person who testifies under oath before a court, regarding what he/she has seen, heard or otherwise observed.
Binder
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.
Subrogation
The process in which an insurance company, after paying a loss to its insured, recovers the amount of the loss for damages (plus the insured's deductible) from the legally liable party.
Replacement Cost
Replacement cost is the cost of replacing lost or damaged property with new property of like kind and quality, at current market prices.
Broker
A person who for payment of a fee procures insurance on your behalf.
Full Tort
With this selection you retain unrestricted rights to bring suit against the negligent party.
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