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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.
Quote
An estimate of the cost of insurance based on information supplied to the insurance company.
Hearsay
Evidence based on what the witness has heard someone else say, rather than what the witness has personally experienced or observed.
Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.
Cancellation
The termination of an insurance policy before its normal expiration date.
Collision
Pays for damage to your car caused by a collision with another vehicle or with any other object, regardless who was at fault.
Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
Producer
A term applied to an agent, solicitor or other person who sells insurance.
Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.
Nonrenewal
The termination of an insurance policy at its normal expiration date.
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