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Nonrenewal
The termination of an insurance policy at its normal expiration date.
Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.
Medical Payments Coverage
Covers the medical costs (up to the specified limit you choose) resulting from an auto accident for you, your family, and others in your car. It pays regardless of fault.
Uninsured Motorist Coverage (UMC)
Provides coverage for a policyholder involved in a collision with a driver who does not have liability insurance.
Venue
The specific county, city or geographical area in which a court has jurisdiction
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).
Premium
The money paid for an insurance policy based upon the coverage provided.
Commission
That portion of the premium paid to the agent as compensation for his or her services.
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
Witness
Person who testifies under oath before a court, regarding what he/she has seen, heard or otherwise observed.
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