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Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
Scrapped
Vehicles that have been dismantled and/or crushed and should not return to the road.
Liability Insurance
Coverage for a policyholder's legal liability resulting from injuries to other persons or damage to their property.
Policy
Written contract of insurance.
Insured
The person(s) entitled to coverage in case of an accident or loss.
Broker
A person who for payment of a fee procures insurance on your behalf.
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.
Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.
Comprehensive Coverage
Pays for damage to your car caused by reason other than collision, such as fire, theft, windstorm, flood, etc.
Premium
The money paid for an insurance policy based upon the coverage provided.
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