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Limits
The maximum amount of benefits the insurance company agrees to pay in the event of a loss.
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.
Airbag Deployment
Occurs when the driver, passenger or side airbag has been used or deployed during a crash or other incident.
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).
Exclusion
A contractual provision in an insurance policy that denies coverage for certain perils, persons, property, or locations.
Scrapped
Vehicles that have been dismantled and/or crushed and should not return to the road.
Vehicle ID No. (VIN)
This 17 character number is unique to each vehicle. It identifies characteristics of the vehicle, including manufacturer, year, model, body, engine specifications, and serial number.
Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.
Quote
An estimate of the cost of insurance based on information supplied to the insurance company.
Subrogation
The process in which an insurance company, after paying a loss to its insured, recovers the amount of the loss for damages (plus the insured's deductible) from the legally liable party.
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