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Towing & Labor Coverage
Pays for towing charges when your car can’t be driven. Also pays labor charges, such as changing a flat tire, at the place where your car broke down.
Negligence
The absence of ordinary care.
Insured
The person(s) entitled to coverage in case of an accident or loss.
Policy
Written contract of insurance.
Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.
Quote
An estimate of the cost of insurance based on information supplied to the insurance company.
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.
Premium
The money paid for an insurance policy based upon the coverage provided.
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.
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.
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