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Producer
A term applied to an agent, solicitor or other person who sells insurance.
Insured
The person(s) entitled to coverage in case of an accident or loss.
Airbag Deployment
Occurs when the driver, passenger or side airbag has been used or deployed during a crash or other incident.
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.
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).
Insurer
The insurance company providing the insurance.
Binder
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.
Venue
The specific county, city or geographical area in which a court has jurisdiction
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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