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Quote
An estimate of the cost of insurance based on information supplied to the insurance company.
Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.
Vehicle ID No. (VIN)
This 17 character number is unique to each vehicle. It identifies characteristics of the vehicle, including manufacturer, year, model, body, engine specifications, and serial number.
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.
Policy
Written contract of insurance.
Nonrenewal
The termination of an insurance policy at its normal expiration date.
Premium Finance Company
A lending institution that finances insurance premiums for a fee.
Insurer
The insurance company providing the insurance.
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.
Witness
Person who testifies under oath before a court, regarding what he/she has seen, heard or otherwise observed.
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