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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.
Scrapped
Vehicles that have been dismantled and/or crushed and should not return to the road.
Insurer
The insurance company providing the insurance.
Producer
A term applied to an agent, solicitor or other person who sells insurance.
Hearsay
Evidence based on what the witness has heard someone else say, rather than what the witness has personally experienced or observed.
Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.
Commission
That portion of the premium paid to the agent as compensation for his or her services.
Uninsured Motorist Coverage (UMC)
Provides coverage for a policyholder involved in a collision with a driver who does not have liability insurance.
Commissioner of Insurance
The title of the head of most state insurance departments. In some states, the Director or Superintendent of Insurance is used instead.
Junk Title
A Junk Title is issued on a vehicle damaged to the extent that the cost of repairing the vehicle for safe operation exceeds its fair market value; or a vehicle that has been declared a total loss by an insurer or other state or jurisdiction.
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Did You Know?