Accident Terms and Definitions

Nonrenewal
The termination of an insurance policy at its normal expiration date.

Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.

Binder
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.

Witness
Person who testifies under oath before a court, regarding what he/she has seen, heard or otherwise observed.

Comprehensive Coverage
Pays for damage to your car caused by reason other than collision, such as fire, theft, windstorm, flood, etc.

Cancellation
The termination of an insurance policy before its normal expiration date.

Insured
The person(s) entitled to coverage in case of an accident or loss.

Commissioner of Insurance
The title of the head of most state insurance departments. In some states, the Director or Superintendent of Insurance is used instead.

Exclusion
A contractual provision in an insurance policy that denies coverage for certain perils, persons, property, or locations.

Uninsured Motorist Coverage (UMC)
Provides coverage for a policyholder involved in a collision with a driver who does not have liability insurance.