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Producer
A term applied to an agent, solicitor or other person who sells insurance.
Broker
A person who for payment of a fee procures insurance on your behalf.
Witness
Person who testifies under oath before a court, regarding what he/she has seen, heard or otherwise observed.
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.
Quote
An estimate of the cost of insurance based on information supplied to the insurance company.
Nonrenewal
The termination of an insurance policy at its normal expiration date.
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).
Binder
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.
Liability Insurance
Coverage for a policyholder's legal liability resulting from injuries to other persons or damage to their property.
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
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