Accident Terms and Definitions

Venue
The specific county, city or geographical area in which a court has jurisdiction

Collision
Pays for damage to your car caused by a collision with another vehicle or with any other object, regardless who was at fault.

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

Deductible
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.

Salvage
Property taken over by an insurer to reduce its loss.

Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.

Vehicle ID No. (VIN)
This 17 character number is unique to each vehicle. It identifies characteristics of the vehicle, including manufacturer, year, model, body, engine specifications, and serial number.

Policy
Written contract of insurance.

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.

Private Passenger Automobile
Four-wheeled motor vehicles of the private passenger, station wagon, or van type. Private passenger automobiles are designed for use on public highways and subject to motor vehicle registration.