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Binder
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.
Airbag Deployment
Occurs when the driver, passenger or side airbag has been used or deployed during a crash or other incident.
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
Broker
A person who for payment of a fee procures insurance on your behalf.
Deductible
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.
Nonrenewal
The termination of an insurance policy at its normal expiration date.
Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
Premium
The money paid for an insurance policy based upon the coverage provided.
Exclusion
A contractual provision in an insurance policy that denies coverage for certain perils, persons, property, or locations.
Venue
The specific county, city or geographical area in which a court has jurisdiction
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