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Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
Salvage
Property taken over by an insurer to reduce its loss.
Total Loss
An insurance company declares a vehicle a total loss when a claim exceeds the full value of the vehicle. Insurance companies typically take possession and obtain the title of such vehicles.
Witness
Person who testifies under oath before a court, regarding what he/she has seen, heard or otherwise observed.
Subpoena
Document issued by the authority of the court to compel a witness to appear and give testimony or produce documentary evidence in a proceeding. Failure to appear or produce is punishable by contempt of court.
Exclusion
A contractual provision in an insurance policy that denies coverage for certain perils, persons, property, or locations.
Producer
A term applied to an agent, solicitor or other person who sells insurance.
Binder
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.
Collision
Pays for damage to your car caused by a collision with another vehicle or with any other object, regardless who was at fault.
Cancellation
The termination of an insurance policy before its normal expiration date.
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