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Accident
A collision involving an automobile and anything that causes damage to the automobile, including other automobiles, telephone poles, buildings, and trees.
Quote
An estimate of the cost of insurance based on information supplied to the insurance company.
Insurer
The insurance company providing the insurance.
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.
Collision
Pays for damage to your car caused by a collision with another vehicle or with any other object, regardless who was at fault.
Producer
A term applied to an agent, solicitor or other person who sells insurance.
Commission
That portion of the premium paid to the agent as compensation for his or her services.
Binder
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.
Medical Payments Coverage
Covers the medical costs (up to the specified limit you choose) resulting from an auto accident for you, your family, and others in your car. It pays regardless of fault.
Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.
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