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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.
Witness
Person who testifies under oath before a court, regarding what he/she has seen, heard or otherwise observed.
Venue
The specific county, city or geographical area in which a court has jurisdiction
Comprehensive Coverage
Pays for damage to your car caused by reason other than collision, such as fire, theft, windstorm, flood, etc.
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.
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).
Salvage
Property taken over by an insurer to reduce its loss.
Cancellation
The termination of an insurance policy before its normal expiration date.
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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