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Full Tort
With this selection you retain unrestricted rights to bring suit against the negligent party.
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.
Premium
The money paid for an insurance policy based upon the coverage provided.
Producer
A term applied to an agent, solicitor or other person who sells insurance.
Insured
The person(s) entitled to coverage in case of an accident or loss.
Accident
A collision involving an automobile and anything that causes damage to the automobile, including other automobiles, telephone poles, buildings, and trees.
Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
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.
Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.
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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