Accident Terms and Definitions

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

Exclusion
A contractual provision in an insurance policy that denies coverage for certain perils, persons, property, or locations.

Comprehensive Coverage
Pays for damage to your car caused by reason other than collision, such as fire, theft, windstorm, flood, etc.

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.

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

Insured
The person(s) entitled to coverage in case of an accident or loss.

Gap Insurance
Insurance that pays the difference between the actual cash value of a vehicle and the amount still to be paid on the loan. Some gap policies may also cover the amount of the deductible.

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.

Cancellation
The termination of an insurance policy before its normal expiration date.

Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.