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Loss Due To Fire Title
The vehicle sustained major damage due to fire. In most states, fire damage titles are issued when the cost of repairing the vehicle for safe operation exceeds its fair market value.
Broker
A person who for payment of a fee procures insurance on your behalf.
Airbag Deployment
Occurs when the driver, passenger or side airbag has been used or deployed during a crash or other incident.
Binder
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.
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.
Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.
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.
Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
Summons
Document or writ directing the sheriff or other officer to notify a person that an action has been commenced against him in court and that he is required to appear, on a certain day, and answer the complaint in such action.
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