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Full Tort
With this selection you retain unrestricted rights to bring suit against the negligent party.
Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.
Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
Scrapped
Vehicles that have been dismantled and/or crushed and should not return to the road.
Binder
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.
Commission
That portion of the premium paid to the agent as compensation for his or her services.
Misdemeanor
Criminal offenses less than felonies; generally those punishable by fine or imprisonment of less than 90 days in a local facility. A gross misdemeanor is a criminal offense for which an adult could be sent to jail for up to one year, pay a fine up to $5,000 or both.
Subrogation
The process in which an insurance company, after paying a loss to its insured, recovers the amount of the loss for damages (plus the insured's deductible) from the legally liable party.
Collision
Pays for damage to your car caused by a collision with another vehicle or with any other object, regardless who was at fault.
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.
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