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Exclusion
A contractual provision in an insurance policy that denies coverage for certain perils, persons, property, or locations.
Venue
The specific county, city or geographical area in which a court has jurisdiction
Premium Finance Company
A lending institution that finances insurance premiums for a fee.
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.
Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
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).
Insured
The person(s) entitled to coverage in case of an accident or loss.
Limits
The maximum amount of benefits the insurance company agrees to pay in the event of a loss.
Gap Insurance
Insurance that pays the difference between the actual cash value of a vehicle and the amount still to be paid on the loan. Some gap policies may also cover the amount of the deductible.
Policy
Written contract of insurance.
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