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Nonrenewal
The termination of an insurance policy at its normal expiration date.
Airbag Deployment
Occurs when the driver, passenger or side airbag has been used or deployed during a crash or other incident.
Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.
Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
Limits
The maximum amount of benefits the insurance company agrees to pay in the event of a loss.
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.
Commission
That portion of the premium paid to the agent as compensation for his or her services.
Negligence
The absence of ordinary care.
Quote
An estimate of the cost of insurance based on information supplied to the insurance company.
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