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Cancellation
The termination of an insurance policy before its normal expiration date.
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.
Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
Summons
Document or writ directing the sheriff or other officer to notify a person that an action has been commenced against him in court and that he is required to appear, on a certain day, and answer the complaint in such action.
Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.
Insured
The person(s) entitled to coverage in case of an accident or loss.
Salvage
Property taken over by an insurer to reduce its loss.
Negligence
The absence of ordinary care.
Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.
Private Passenger Automobile
Four-wheeled motor vehicles of the private passenger, station wagon, or van type. Private passenger automobiles are designed for use on public highways and subject to motor vehicle registration.
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