Accident Terms and Definitions

Nonrenewal
The termination of an insurance policy at its normal expiration date.

Policy
Written contract of insurance.

Deductible
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.

Loss Due To Fire Title
The vehicle sustained major damage due to fire. In most states, fire damage titles are issued when the cost of repairing the vehicle for safe operation exceeds its fair market value.

Scrapped
Vehicles that have been dismantled and/or crushed and should not return to the road.

Producer
A term applied to an agent, solicitor or other person who sells insurance.

Underinsured Motorist Coverage
Pays for bodily injury or wrongful death caused by an underinsured motor vehicle (that is, a vehicle which is insured, but at an amount that is less than your uninsured motorist bodily injury (UMBI) limits).

Airbag Deployment
Occurs when the driver, passenger or side airbag has been used or deployed during a crash or other incident.

Collision
Pays for damage to your car caused by a collision with another vehicle or with any other object, regardless who was at fault.

Uninsured Motorist Coverage (UMC)
Provides coverage for a policyholder involved in a collision with a driver who does not have liability insurance.