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Limits
The maximum amount of benefits the insurance company agrees to pay in the event of a loss.
Collision
Pays for damage to your car caused by a collision with another vehicle or with any other object, regardless who was at fault.
Negligence
The absence of ordinary care.
Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.
Uninsured Motorist Coverage (UMC)
Provides coverage for a policyholder involved in a collision with a driver who does not have liability insurance.
Deductible
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.
Limited Tort
Offers savings on your premiums. You are still able to recover all out-of-pocket medical and other expenses, however you are not able to recover non-monetary damages or receive payments for pain and suffering unless injuries are defined as serious.
Commission
That portion of the premium paid to the agent as compensation for his or her services.
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.
Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
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