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Collision
Pays for damage to your car caused by a collision with another vehicle or with any other object, regardless who was at fault.
Binder
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.
Policy
Written contract of insurance.
Exclusion
A contractual provision in an insurance policy that denies coverage for certain perils, persons, property, or locations.
Quote
An estimate of the cost of insurance based on information supplied to the insurance company.
Venue
The specific county, city or geographical area in which a court has jurisdiction
Replacement Cost
Replacement cost is the cost of replacing lost or damaged property with new property of like kind and quality, at current market prices.
Witness
Person who testifies under oath before a court, regarding what he/she has seen, heard or otherwise observed.
Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.
Negligence
The absence of ordinary care.
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