Sunday, November 18, 2018

Apply: Training/Admin Assistant WestCoast Children's Clinic $18 an hour

Apply: Training/Admin Assistant West Coast Children's Clinic $18 an hour: West Coast Children's Clinic is seeking a skilled Training and Administrative Assistant. The Training and Administrative Assistant provides overall administrative support to ensure the seamless operations of the training department. 



Duties will include coordinating, tracking and supporting the agency-wide training and continuing education program, providing administrative support and coordination for the clinically-focused orientation training for new clinical staff, providing administrative support for Title IV E Training. Other duties include support of projects related to the implementation of the Child and Adolescent Needs and Strengths and supporting other departments in the agency as needed.

How the Training/Administrative Assistant makes an impact:

Support the agency-wide training program including managing logistical details for trainings. This includes implementation of training schedule, coordination with trainers, collaborating with facilities coordinator to ensure appropriate training space and materials are prepared.
Provide support to continuing education program including creating required paperwork and maintaining training records.


Assist with coordinating clinically-focused orientation trainings for new staff. This includes coordination of scheduling and facilitators, maintenance and distribution of training materials.
Provide administrative support and oversight of monthly Title IV E training paperwork and documentation.


Provide assistance with implementation of projects related to the CANS as needed related to re-certification and training.
Provide administrative support for CSE-IT trainings and implementations
Position may involve community outreach (e.g., tabling) and event support as well (e.g., collecting signatures, sign-in sheets and evaluations)
Provide administrative support to the Intern and Resident Training Program
Key Qualifications (skills, abilities, and knowledge):


Bachelor’s degree preferred, with human services/social services experience
Demonstrated experience in administration of programs
Demonstrated experience in program operations with an emphasis on training operations.
Strong written and verbal communication and analytic skills
Familiarity with Word, Excel and Mac OS
Position Details and Compensation:

This is a full-time, hourly (non-exempt) position reporting to the Director of Training. Starting pay rate is $18.00 hourly, plus annual performance based comp, comprehensive benefits package and 403(b) plan.

Benefits:

Performance-based compensation and retirement plan contribution
Employer paid medical, dental, vision, life, and long-term disability coverage
403b option
Flex-spending options
20 days paid time off per year
Continuous professional development and support
Casual work environment that is professional and supportive

Drop your e-mail on our comment box if you need the job
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How much does a Lawyer make at McAnney Esposito, Legal Recruiters in the United States?

How much does a Lawyer make at McAnney Esposito, Legal Recruiters in the United States? Average McAnney Esposito, Legal Recruiters Lawyer yearly pay in the United States is approximately $300,000, which is 212% above the national average.



Salary information comes from 5 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.

Please note that all salary figures are approximations based upon third party submissions to Indeed. These figures are given to the Indeed users for the purpose of generalized comparison only. Minimum wage may differ by jurisdiction and you should consult the employer for actual salary figures.

Average salary
$300,000 per year
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Negotiations Assistant at Berg Injury Lawyers Needed ASAP

Negotiations Assistant at Berg Injury Lawyers Needed ASAP: Busy Personal Injury Law Firm seeks highly motivated individual to work in the Negotiations Department in our Alameda Office. This is a busy position that requires excellent communication and organizational skills. Candidate must be good with numbers, detail oriented, work well independently, and as a team player. 



This position supports the negotiations department and has advancement potential for the right candidate. Claims experience a plus, Health Insurance experience a plus, Collections experience a plus, Knowledge of personal injury a plus, Bilingual a plus. Those working in the Insurance industry are welcome to apply. Must know Word Perfect or Word.



This is a full-time position. Working hours are Monday through Friday 8:30am-5:00pm. Great place to work with room for advancement. We offer competitive benefits that include health, dental and vision insurance, holiday pay and PTO that are provided after the first 60 days of a 90 day probationary period. After one year, employees are eligible to participate in our 401k Plan. In addition to salary, there are monthly opportunities to make bonuses.

To be considered, please respond to this ad with your resume, preferably in PDF format, typing certificate, and your salary expectations.

Job Type: Full-time

Experience:

Bilingual: 1 year (Preferred)
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What is full coverage car insurance?

What most drivers and insurance agents refer to as full coverage is a car insurance policy that includes state-mandated car insurance coverage (this usually is bodily injury liability and property damage liability but also may include uninsured motorist and personal injury protection), along with physical damage coverage of collision and comprehensive.



Bodily injury liability covers other people’s medical costs for injuries and death for which you are responsible. Property damage liability covers you if your car damages someone else’s property. These coverages come with maximum limits that you choose at the inception of your policy.


Liability coverages don’t protect your car in any way, so that is why you purchase physical damage coverages. 

Collision insurance covers damage to your automobile caused by a collision with another object or by upset. Comprehensive insurance covers damage to your vehicle for damages caused by things other than collision, such as vandalism, theft, fire, flooding, hail or glass breakage.

Most lienholders require physical damage coverage if you are financing or leasing your vehicle. These coverages each come with a deductible, an amount due before your insurance benefits kick in.  

Whatever car insurance coverages you have are subject to the guidelines and terms of your policy, especially with regard to the payment of claims.  It is important to note that the term full coverage can be misleading, as no insurance policy covers every possible situation that could damage your car or cause injuries while in a car.

Learn more about the various types of coverages that you can get on your car insurance policy, including medical ones such as personal injury protection and medical payments, by reading through our types of car insurance page.

If you want to see how much it will cost to add collision coverage or the cost of adding comprehensive insurance to protect your vehicle, then get started with car insurance quotes and comparison shop the price of your policy with and without these coverages.

How much does full coverage car insurance cost?
The term full coverage is also used to refer to liability limits beyond the state minimum liability insurance required to drive legally. Usually full coverage is considered to have the following:



Full coverage liability of $100,000 per person injured in an accident you cause, up to $300,000 per accident, and $100,000 for property damage you cause, with a $500 deductible for comprehensive and collision. This is commonly written as 100/300/100.
The chart shows average annual rates for full coverage of 100/300/100 as outlined above. Enter your state in the search field in the chart below to see the average rate for where you live, as well as the highest and lowest rate fielded from major insurers. You'll see that you can save by comparing rates, as insurers price policies according to their unique risk assessment calculations.

State Average annual rate Highest rate Lowest rate

Alaska $1,109 $1,615 $825
Alabama $1,299 $2,393 $684
Arkansas $1,370 $2,131 $803
Arizona $1,356 $2,588 $715
California $1,518 $3,680 $581
Colorado $1,404 $2,307 $648
Connecticut $1,771 $3,538 $789
DC $1,723 $2,913 $713
Delaware $1,646 $2,798 $959
Florida $1,823 $5,710 $886
Georgia $1,340 $2,465 $600
Hawaii $1,458 $2,680 $780
Iowa $1,015 $1,827 $561
Idaho $941 $1,782 $545
Illinois $1,004 $2,581 $500
Indiana $964 $1,874 $560
Kansas $1,242 $2,510 $668
Kentucky $1,752 $4,367 $641
Louisiana $2,190 $4,555 $1,114
Massachusetts $1,191 $3,477 $678
Maryland $1,390 $2,953 $877
Maine $925 $1,384 $463
Michigan $2,484 $15,938 $764
Minnesota $1,187 $2,162 $753
Missouri $1,154 $2,960 $638
Mississippi $1,323 $2,277 $689
Montana $1,224 $1,907 $710
North Carolina $960 $1,640 $481
North Dakota $1,315 $3,120 $662
Nebraska $1,113 $1,845 $620
New Hampshire $1,101 $2,012 $498
New Jersey $1,346 $2,734 $566
New Mexico $1,253 $2,222 $776
Nevada $1,746 $3,397 $905
New York $1,759 $7,898 $604
Ohio $952 $1,885 $530
Oklahoma $1,643 $3,792 $830
Oregon $1,264 $2,065 $756
Pennsylvania $1,522 $6,507 $489
Rhode Island $1,688 $4,132 $939
South Carolina $1,260 $1,837 $808
South Dakota $1,059 $1,661 $586
Tennessee $1,214 $2,521 $646
Texas $1,300 $2,937 $688
Utah $1,199 $1,913 $626
Virginia $972 $1,497 $615
Vermont $963 $1,386 $474
Washington $1,191 $2,019 $838
Wisconsin $1,351 $4,886 $530
West Virginia $1,375 $2,415 $941
Wyoming $1,494 $2,073 $1,048
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How much does insurance go up after an accident?

How much does insurance go up after an accident?
Car insurance rates go up 31 percent, on average, after one at-fault accident with more than $2,000 in damage, or by $450 a year, fragwith.us rate data show.




Here's how much car insurance goes up for common accident claims:
Accident claim Average Percent Increase Average Dollar Increase
1 At-fault property damage accident over $2K 31% $450
1 At-fault property damage accident under $2K 26% $366
1 comprehensive claim for over $2k 3% $39
1 comprehensive claim for under $2k 3% $39
2 At-fault property damage accident over $2k 110% $1,572
2 comprehensive claims for over $2k 8% $121


However, there are many factors that come into play, so like with most car insurance situations, your rate after an accident may be a bit higher or lower, depending on your particular situation. Whether you’re at fault or not at fault in an accident, changes in your rates vary by insurance company and by state, says Penny Gusner, consumer analyst for CarInsurance.com.

In addition to worrying if your rate will increase, you may also wonder what to do after an accident. It’s wise to exchange the following information with the other driver: name, name of car owner, names of passengers, vehicle make, model and license plate number and the insurance company name, policy number and number for claims filing. Call the police, and if possible, get a police report.


How much does an at-fault accident raise your rates?

An accident where you're blamed makes pricier premiums much more likely, but not in every situation with every company, Gusner says, which is why it’s prudent to shop for the best rates by doing a car insurance comparison.

"One at-fault accident could raise your rates anywhere from 12 percent to 80 percent, depending on the severity -- or not at all," she says. "Some insurers will let one minor accident slide. However, if the crash and resulting claim isn't being surcharged (where your base rate is raised), you may still pay higher rates due to losing any good driver discount you received for keeping a record clean of violations or accidents."

Have a second at-fault accident and your premiums will probably skyrocket. "That most certainly will hike up your rates," Gusner says. "How much varies greatly again but our rate data show that policy-holders can expect an average jump anywhere from 69 to 180 percent."

Enter your state in the search field in the table below to see the hike after a claim for one at-fault accident over $2,000 for your state. Drivers in Minnesota, California, Louisiana and Michigan get hit with the highest increases, while those in New York, Hawaii, South Carolina and Alaska see the lowest, compared to the rest of the country.

Average car insurance rate increases for one at-fault accident in every state

State Average rate Rate after accident % increase $ increase
Minnesota $1,339 $2,503 87% $1,164
California $1,783 $3,081 73% $1,298
Louisiana $2,228 $3,348 50% $1,120
Michigan $2,368 $3,502 48% $1,134
Delaware $1,838 $2,592 41% $754
North Carolina $1,170 $1,647 41% $477
Georgia $1,815 $2,552 41% $737
Utah $1,212 $1,699 40% $487
Texas $1,644 $2,301 40% $657
Maryland $1,541 $2,154 40% $613
Iowa $1,073 $1,479 38% $406
Nevada $1,578 $2,169 37% $591
Oregon $1,325 $1,801 36% $476
Florida $2,250 $3,045 35% $795
Alabama $1,304 $1,764 35% $460
Washington $1,307 $1,766 35% $459
Wisconsin $1,147 $1,531 33% $384
West Virginia $1,467 $1,934 32% $467
Connecticut $1,980 $2,589 31% $609
Colorado $1,675 $2,190 31% $515
South Dakota $1,250 $1,634 31% $384
Tennessee $1,339 $1,750 31% $411
Illinois $1,176 $1,523 30% $347
DC $1,887 $2,438 29% $551
New Hampshire $1,156 $1,493 29% $337
Rhode Island $2,011 $2,591 29% $580
Arkansas $1,556 $2,001 29% $445
Nebraska $1,287 $1,640 27% $353
Idaho $1,019 $1,294 27% $275
Pennsylvania $1,438 $1,824 27% $386
Virginia $993 $1,250 26% $257
New Mexico $1,498 $1,852 24% $354
Wyoming $1,577 $1,938 23% $361
Mississippi $1,504 $1,844 23% $340
Missouri $1,288 $1,576 22% $288
Kansas $1,412 $1,725 22% $313
Ohio $959 $1,170 22% $211
Arizona $1,399 $1,702 22% $303
Oklahoma $1,469 $1,783 21% $314
Vermont $1,166 $1,405 20% $239
Maine $884 $1,058 20% $174
New Jersey $1,419 $1,697 20% $278
North Dakota $1,123 $1,338 19% $215
Indiana $1,057 $1,259 19% $202
Kentucky $1,611 $1,915 19% $304
Montana $1,589 $1,877 18% $288
Massachusetts $1,616 $1,893 17% $277
Alaska $1,246 $1,458 17% $212
South Carolina $1,353 $1,559 15% $206
Hawaii $1,255 $1,414 13% $159
New York $1,214 $1,360 12% $146

Will an accident raise your rates if you’re not at-fault?
A crash doesn't always equal more expensive coverage. Gusner says many insurers may be lenient if it's your first accident and not your fault.

"Whether your rates go up after a not-at-fault accident really varies by insurance company and by state," she explains. "One accident may not cause your rates to rise, but if you have been in multiple accidents, even if you were not-at-fault for each, your insurer may increase your premiums or not renew your policy."

How do insurers calculate an increase after an accident?
When an insurance company does raise rates following an accident claim, it employs a "surcharge schedule." This schedule determines how much the hike will be and can also come into play after you've been ticketed for moving violations.



Many insurers use standards set by the Insurance Services Office (ISO), which allows an increase of 20 to 40 percent of the insurer's base rate after an accident claim.

This base rate is the average rate charged in the state before discounts and other adjustments, plus the insurance company's claims-processing fee. The surcharge for multi-car policies is 20 percent of the base rate for the first two vehicles on a policy; it's 40 percent for a single-car policy, according to the ISO.


Here's an example of what you might expect under the ISO standard: Let's say your policy is for two cars with a $300 premium for each, and your insurer's base rate is $400. After an accident, you could be hit with an $80 surcharge -- which is 20 percent of the $400 base rate -- on both. That would bring your total surcharge to $160, about a 27 percent jump on your rate.

Ultimately, though, each company sets its own surcharge schedule, as long as it's approved by state regulators. The amounts and circumstances, Gusner points out, may change from state to state even within the same insurance company.

"Some states have very specific rules about what can be surcharged, such as North Carolina, which has its own surcharge schedule insurers must use, and New York, which has strict guidelines about what can hike up rates," she explains. "In other states, it's totally up to the insurer's internal rules; however, they must be approved by the state."

When not to file a claim
Gusner and most industry experts agree that filing a claim is probably a mistake if the vehicle repair costs are under or just above your deductible. Instead, it's smarter to pay out-of-pocket and avoid any surcharges generated by the claim.

"Keeping small claims to yourself, and away from your insurer and claims history, can help you keep future rates down," Gusner says.

But, she adds: "One caveat is that your policy may require you to report any accidents. This may be noted in your file somewhere - be sure to ask if it will be so it's clear you are not yet making a claim but are prepared to pay for repair costs at this juncture."

Accident forgiveness
"Accident forgiveness" is a frequently promoted policy option or loyalty reward that most of the major insurers -- including Allstate, GEICO, The Hartford, Liberty Mutual, Nationwide, Progressive and State Farm, among others -- offer as a way to avoid rate increases after mishaps. They're usually for the best customers, those without past accidents and moving violations.

In general, accident forgiveness works this way: If you have a clean driving record, the insurance company will ignore the first accident and not raise your premium. Some insurers may also cut the deductible by as much as $100 for each year you maintain a spotless record after the crash.

The details vary from company to company. Some may give you accident forgiveness immediately, while others will only do so after you've been an accident-free policyholder for as many as five years. Still others may forgive one mishap per policy in a three-year time frame, some will forgive one every six years, and some will waive one per driver listed on the policy every three years. You may also be required to have had no moving violations for three years.



Also, the feature usually comes with a price tag. At Allstate, for example, you get accident forgiveness by upgrading to either a Gold Protection or Platinum Protection package under its Your Choice Auto plan, which can add about 8 to 15 percent to the cost of a standard policy.

Progressive offers a forgiveness plan under its loyalty rewards program to customers who have been with the company for at least five years. However, remaining with one insurer for several years may not be the best way to go -- the Insurance Information Institute, a trade group, says consumers should be willing to switch if they find a competing company that offers the best options at the best price.
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Car Insurance Terms Glossary

Car Insurance Terms Glossary
B | C | D | E | F | G | H | I | J | L | M | N | O | P | Q | R | S | T | U | V | W

Accident: A sudden, fortuitous event or an unexpected, unforeseen event, not under the control of an insured and resulting in a loss. Often used to refer to a collision or insurance event. See What to do after a car accident




Accident Forgiveness: In most states, customers who have not had an at-fault accident in the previous five years qualify for this program. Accident forgiveness means that some insurance carriers won't add a surcharge to your premium after your next at-fault accident. See Accident forgiveness: What's the catch?

Accident Frequency: The number of times an accident occurs. Used by actuaries (see definition below) to predict losses and appropriately base premiums.

Accidental Death Benefit (ADB): A supplementary life insurance policy benefit that provides a death benefit in addition to the policy’s basic death benefit if the insured’s death occurs as the result of an accident.

Act of God: Natural occurrence beyond human control or influence. Such acts of nature include hurricanes, earthquakes, and floods. See Acts of God and your car insurance

Actual Cash Value: The fair market value of property; technically, replacement cost less depreciation.

Actuary: A statistician who computes insurance risks and premiums. Actuaries keep insurance carriers profitable and financially stable by setting prices, assessing trends, and determining how much to hold in reserve to pay claims.

Additional Insured or Additional Interest: A person or an organization, other than the named insured or covered person, who is protected under the named insured's auto policy.

Adjuster: See Claim Adjuster.

Admitted Company: An insurance company authorized to do business in the state.

Adverse Carrier: Term used to refer to the other party's insurance company.

Adverse Selection: The tendency of those exposed to a higher risk to seek more insurance coverage than those at a lower risk.

Aftermarket Parts: Parts or accessories that are not a part of the original factory installed parts.

Agent: An individual who acts as a representative for the company and sells insurance, usually on a commission basis. This individual could be an 'exclusive' or 'non-exclusive' agent.




Agreed Price: The price or cost of repairs agreed to by the Auto Damage adjuster or independent appraiser and the body shop representative.

Agreed Value: A type of policy available for collectible, antique or custom vehicles that do not depreciate in value as the average car does.   At the inception of your policy, you and your insurance company come to an "agreed value" for your vehicle and that is what will be paid out in the event of a total loss instead of actual cash value. See Auto insurance for collectible cars
Alien Insurance Company: An insurance company incorporated under the laws of a foreign country.

Amendment: A change to the basic policy contract. An amendment alters the policy; an endorsement (see definition below) adds to it.

Anti-Lock Braking system (ABS): A computer-controlled high pressure system that assists the vehicle's normal braking system. ABS allows all wheels to slow at the same rate, thereby preventing loss of control.

Anti-Theft Device: Devices designed either to reduce the chance an auto will be vandalized or stolen, or assist in its recovery. Examples include car alarms, keyless entry, starter disablers, motion detectors, parts of the vehicle etched with the Vehicle Identification Number, and recovery systems. 

Application: A signed statement by a prospective insured requested insurance. This can be signed electronically.

Appraisal: Process that determines the value of property, or the extent of damage, usually performed by an impartial expert.

Arbitration: A process of settling a dispute through an impartial party. It is used as an alternative to litigation.

Assigned Risk: A driver or vehicle owner who cannot qualify for insurance in the regular market. He or she must get coverage through a state assigned-risk plan, which specifies that each company must accept a proportionate share of these drivers/owners.

Assured: Means the same as an insured, policyholder, or someone who has an insurance policy.

At-Fault: The party that is legally liable for the damages in an accident.

Auto Damage Adjuster: The auto damage adjuster is responsible for writing the repair estimate for your vehicle. This adjuster will also answer your questions about the repair process, your rental vehicle, or your total loss settlement.

Auto Damage Division: Division of a claims department that handles auto claims.

Auto Repair/Claim Repairs: Insurance carriers have programs that maximize convenience when you have an auto insurance claim. It allows you to complete your vehicle's repair process at one location. Some CarInsurance.com carrier's claims adjusters are on site to facilitate the repair process. Rental vehicle arrangements are available on-site through a rental car agency.



Auto Theft: The theft of an auto is a type of loss that is covered under comprehensive coverage.

Automobile Insurance: A form of insurance that protects against losses involving autos. Auto insurance provides protection from losses resulting from owning and operating an auto. The insurance covers losses to the insured's property and losses for which the insured is liable as a result of owning or operating an auto.

Automobile Insurance Plans: The name for "assigned risk" plans. These are plans set up and monitored by the state to help people who are unable to secure auto insurance through standard insurance carriers. See Assigned Risk.

Automobile Insurance Premium Discounts: Discounts offered to drivers for such safeguards as air bags, seat belts, good driving record, anti-theft devices, multiple vehicles, training courses, good grades, group membership, employment or degrees, pre-purchasing, low mileage, and renewal or prior insurance.

B - Back to Top
Basic Auto Policy: Although still used today to insure substandard risks, two-wheel motorized vehicles, and commercial autos, the Basic Auto Policy has been primarily replaced by the Personal Auto Policy, which combines both physical damage coverage and liability insurance for claims arising out of the ownership or use of a vehicle.

Binder: A temporary agreement declaring that the policy is in effect. Used in certain cases to protect a policyholder when it is not possible to issue or endorse the policy immediately.

Blue Book: A publication used for the determination of values for used automobiles and trucks. The full name of the publication is Kelley Blue Book.

Bodily Injury: An injury sustained by a person.

C - Back to Top
Cancellation: Termination of an insurance contract before the end of the policy period, by the insured or insurer.

Car Insurance: A form of insurance that protects against losses involving cars. Car insurance provides protection from losses resulting from owning and operating a car or vehicle. The insurance covers losses to the insured's property and losses for which the insured is liable as a result of owning or operating a car.

Carrier: The insurance company or insurer.

Catastrophe: A disaster affecting a specific geographic area. Catastrophes often cause injury or even death; most result in extensive property damage. Hurricanes, floods, tornadoes, and even large hailstorms are typical examples of catastrophes.

Certificate of Financial Responsibility: Depending on the state and Motor Vehicle requirement, this is a form certifying that specific coverage has been purchased to meet the state's Financial Responsibility laws. This could be an SR-22, FR-44, SR-50, or any other State Requirement certification form.

Certificate of Satisfaction: A form signed by the insured when he or she takes delivery of the car from the repairer. It certifies that he or she is satisfied with the vehicle operations, appearance, and visible quality of the repairs.

Claim: Any request or demand for payment under the terms of the insurance policy.

Claim Adjuster: A person responsible for investigating and settling a claim.

Claimant: Individual or entity presenting a claim.

Clause: A section in an insurance policy that explains, defines or clarifies the conditions of coverage.



CLUE® Report: Comprehensive Loss Underwriting Exchange (CLUE) report; provides claim history information.

Combined Single Limit: Bodily Injury and Property Damage coverage expressed as one single amount of coverage.

Commercial Lines: Products designed for and bought by businesses. CarInsurance.com offers Business Auto Policies and Commercial Auto Policies.

Commission: That portion of the premium paid to the agent as compensation for the agent's services.

Comparative Negligence: A doctrine of law that, in some states, may enable claimants to recover a portion of their damages even when they are partially at fault, or negligent. Each party's negligence is compared to the others and a claimant's recovery can be reduced by the percentage of his or her own negligence.

Competitive Auto Repair Parts: Parts made by a company other than the manufacturer of the auto. Parts meet or exceed the quality of the manufacturer's parts, but cost less. Most insurance carriers guarantee these parts for as long as you own the car.

Competitive Estimate: A term used when an insurance company requests that you submit multiple repair estimates for consideration.

Conditions: The portion of the insurance contract which outlines the duties and responsibilities of both the insured and the insurance company.

Condo Insurance: A type of homeowner's insurance that meets the special needs of condominium owners.

Continuous Coverage or Continuous Liability Insurance: Continuous coverage refers to the length of time you have maintained insurance on your vehicle.

Contract: A legal agreement between two parties promising a certain performance in exchange for a certain consideration.

Contributory Negligence: A doctrine of law that, in some states, may prevent claimants from recovering any portion of their damages if they are even partially at fault, or negligent.

Coverage: Protection and benefits provided in an insurance contract.

Covered Person: This refers to the individuals (named insured, spouse, resident relatives, etc.) insured under a policy contract.

Customized Equipment/Special Equipment: Items not included in standard insurance options available for cars. These may include extra electronic equipment, special paint or exterior items, or amenities added to the inside of a van or truck.

Customized Vehicle: A vehicle that has been altered or has equipment or accessories not typically found in a personal vehicle.

D - Back to Top
Damage: Loss or harm to a person or property.

Declaration Page: That page of the insurance policy which lists the insurance company, its address, name of the policyholder, starting and ending dates of coverage, and the actual coverages given in the contract, including the covered locations and amounts.

Declarations: The part of your policy that includes your name and address; the property that is being insured, its location and description; the policy period; the amount of insurance coverage and the applicable premiums.

Deductible: Usually, a dollar amount the insured must pay on each loss to which the deductible applies. The insurance company pays the remainder of each covered loss up to the policy limits.

Defensive Driver Course: These are classes either offered through or approved by Departments of Motor Vehicles to enhance driving skills. These courses may make drivers eligible for discounts on their premiums. Courses taken for traffic school because of a moving violation are not eligible.

Defensive Driver Discount: Certain drivers (usually over age 50) who have voluntarily taken a defensive driving course may qualify for this discount on their auto insurance premiums.

Depreciation: The decrease in value of any property due to wear, tear, and/or time. Generally, depreciation is not an insurable loss.

Discount: A reduction in your premium if you or your car meets certain conditions that are likely to reduce the insurer's losses or expenses. For example, auto insurance discounts are given for cars with auto theft devices and for drivers and passengers who use seat belts.

Domestic Insurance Company: An insurer domiciled in this state.

Drive-In Claims Office - Concierge Claims Service: An office or location that allows drivers to have simple, one-stop access for claims coverage.

Drive-Other-Car Endorsement: Optional coverage that broadens the definition of a covered auto to include non-owned vehicles the insured person operates.

Driver Education: State accredited educational course that consist of at least 30 hours of professional classroom instruction.

Driver Improvement Course: A voluntary refresher course available for drivers age fifty-five (55) and older to enhance their driving skills.

Driver Training: State accredited training course that consists of time spent behind-the-wheel with professional instruction.

Driver Training Discount: A discount for people who have taken an approved driver training course. This discount is not available in all states or for all individuals.

E - Back to Top
E-Bill: An electronic version of your bill that you can review online. Most utility services and banks offer these services. Some CarInsurance.com insurance companies offer this ability.

E-Commerce/Electronic Commerce: The sale of products such as insurance over the Internet

Earned Premiums: The portion of premium that applies to the expired part of the policy period. Insurance premiums are payable in advance but the insurance company does not fully earn them until the policy period expires.

Economic Loss: Total financial loss resulting from the death or disability of a wage earner, or from the destruction of property. Includes the loss of earnings, medical expenses, funeral expenses, the cost of restoring or replacing property and legal expenses. It does not include noneconomic losses, such as pain caused by an injury.

Effective Date: The date that coverage begins on an insurance policy.

Electronic Funds Transfer (EFT): EFT is an electronic payment method that lets you pay your premiums with automatic deductions from your checking account.

Emergency Road Service Coverage: Protection for problems that are not typically handled but your auto insurance, such as: being locked out of your car, towing not related to an accident, having a dead battery re-charged, inflating a flat tire, filling an empty gas tank. (Also referred to as Towing and Labor)

Endorsement: A document, which is attached to the policy and modifies or changes the original policy in some way.

Estimate: As assessment of the cost to repair your damaged property.

Exclusion: Section of the insurance policy, which list property, perils, person, or situations which are not covered under the policy.

Experience: Can refer to many items such as driving record history or record of losses.

Experience Rating: Determination of the premium rate for an individual risk, made partially or wholly on the basis of that risk's own past claim experience.

Expiration Date: The date your coverage ends. There is usually a time of day associated with this date, for example, an expiration date of 5/1/2002 at 12:01am. This means your coverage ends one minute after midnight on the date listed.

Exposure: Possibility of loss. Insurance companies set rates based upon exposure.

Extended Non-Owner Liability: An endorsement that provides broader liability coverage for specifically named people operating any non-owned automobile or trailer. It covers non-owned autos, use of autos to carry people or property for a fee, and individuals driving employer-furnished cars who do not own vehicles themselves.

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Family Automobile Policy: Now replaced by the Personal Auto Policy, the Family Auto Policy was a package policy in which both liability and physical damage protection to an insured's vehicle was offered on one policy.

Field Adjuster: An insurance adjuster who works primarily outside of an office and often meets personally with the public. Field adjusters can conduct face-to-face meetings, negotiations with claimants, scene investigations, and damage inspections.

Financed Car: A vehicle financed by a loan. The lender retains a lien on the auto until it has been paid off.

Financial Ratings: Financial ratings reflect a rating organization's opinion on the financial strength and ability to meet ongoing obligations to policyholders. The ratings organizations most commonly identified with the insurance industry are AM Best, Standard & Poor's and Moody's.

Financial Responsibility Law: Financial responsibility laws require owners and operators of autos to maintain enough money to compensate those they injure. Liability insurance is the most common way to satisfy these requirements.

First Party: Term used to refer to an insured.

First Party Benefits: This pays policyholders and others covered by the policy in the event of injury, no matter who caused the accident. The benefits can include medical expenses, loss of income, funeral and death benefits. This may also be called Personal Injury Protection.

First Party Claims: A claim for damage, loss or injury made by an insured.

Flat Rate Cancellation: Termination of an insurance contract at inception. This policy is never in effect.

Forced Placed Insurance: Insurance purchased by a bank or creditor on an uninsured debtor's behalf to cover the property, so that the creditor receives payment if the property is damaged or destroyed.

Foreign Insurance Company: An insurer domiciled in another state.

Forms: This can be any part of your insurance policy. This may be an SR-22 form or a policy form like your application, declaration page or policy jacket. Typically, all are available in Adobe's PDF format.

Fraud: A false statement intended to deceive the insurer and induce it to part with something of value or surrender a legal right. May void a policy.

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Gap Insurance: If you are making lease or loan payments and you experience a total loss, there may be a difference (gap) between the market value of your vehicle and what you still owe on it. This optional coverage pays the difference.

Garage Location: The zip code where your vehicle is parked when not in use and usually corresponds to your primary residence.

Good Student Discount: May be awarded to full-time students who maintain a grade average of "B" or better. Each carrier has specific rules that may apply.

Guarantee Funds: All 50 states, the District of Columbia and Puerto Rico require licensed insurers to assume some of an insolvent insurance company's policyholder liabilities. These funds are used to bail out the policyholders of companies that fail.

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Hazard: Anything that increases the chance of an accident occurring.

Hit and Run: An accident caused by someone who does not stop to assist or provide information.

Homeowners Insurance: Protects homeowner's from losses to their homes, personal property, and some types of damage or injury to others for which the homeowner is liable. Homeowner's insurance is subject to the terms, limits and conditions of your policy contract.

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ID Card: A card issued by your insurer containing basic information about your insurance policy. Some states require you to keep an ID card in your vehicle.

Inception Date: The date that coverage begins on an insurance policy.

Indemnification: The act of providing compensation for a loss with the intent to restore an individual or entity to the approximate financial position prior to the loss.

Indemnity: A principle of insurance which provides that when a loss occurs, the insured should be restored to the approximate financial condition occupied before the loss occurred, no better, no worse.

Independent Adjuster: An individual who estimates losses on behalf of an insurance company, but is not an employee of that company.

Inspection: Verification of a vehicle's physical condition.

Insurable Interest: Exists when an individual would suffer an economic loss as the result of damage to property or bodily injury.

Insurance: Insurance is a system in which groups of people who have similar chances of suffering a loss transfer their risk of loss to an insurer who pools the risk of many people together. In exchange for payment of premium, the insurer promises to reimburse the person for their covered losses.

Insurance Fraud: The act of falsifying or exaggerating the facts of an accident to an insurance company to obtain payment that would not otherwise be made. Common types of insurance fraud are staged accidents, exaggerated injuries, and inflated medical bills.

Insurance Score: Confidential ratings used for underwriting in some states as a rating tool. It may include information about the consumer's payment history, the number of open accounts and if bankruptcy has been filed. It is a measure of how financial affairs are managed and does not include assets, income information or race information.

Insured: A person or organization covered by an insurance policy.

Insurer: An organization that provides insurance.

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Joint Underwriting Association/JUA: Insurers which join together to provide coverage for a particular type of risk or size of exposure, when there are difficulties in obtaining coverage in the regular market, and which share in the profits and losses associated with the program. JUAs may be set up to provide auto and homeowners insurance and various commercial coverages, such as medical malpractice

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Lapse in Coverage: A point in time when a policy has been canceled or terminated for failure to pay the premium, or when the policy contract is void for other reasons.

Leased Vehicle: A vehicle rented under a long-term contract (lease). The leasing company retains ownership of the vehicle and must be shown on your insurance policy as an insured. See also: gap insurance.

Legal Liability: Liability imposed by law, as opposed to liability arising from an agreement or contract.

Lender: Your lender is the institution to which you make car payments.

Lessor: Your lessor is the institution to which you make your lease payments.

Liability: Any legally enforceable obligation or responsibility for the injury or damage suffered by another person.

Liability Adjuster: The liability adjuster handles the investigation of the accident. These adjusters' responsibilities can include collision payments, property damage payments, and bodily injury settlements. In some states, these adjusters may also handle the medical portion of your claim.

Liability Insurance: Insurance providing money on behalf of the policyholder to pay because of bodily injury or property damage caused to another person and covered in the policy.

Liability Investigation: The process of gathering information to determine the cause of an accident.

Lien: A claim, charge, or encumbrance on property as a security for the payment of a debt.

Lien holder: A person or organization with a financial interest in property up to the amount of money borrowed or still owed on the property.

Limit: The maximum amount of protection purchased by the insured for a specific coverage.

Limits of Liability: The maximum amount of insurance the insurance company will pay for a particular loss, or for a loss during a period of time.

Line of insurance: The type or kind of insurance such as personal lines, life insurance or homeowners

Loss: Any measurable dollar cost of damage and/or injury suffered by a person.

Loss of Use: Compensation to a third-party claimant for financial consequences resulting from the inability to use property as the result of accident-related damage.

Loss Payee: A person or entity with a legally secured insurable interest in another's property, usually a financial institution that loaned money to buy a car. The car is the loan collateral. If the auto is damaged in an accident, loss payments will be made to you and to the loss payee on your policy.

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Malicious Mischief: Intentional damage of personal property with malice of forethought.

Material Damage: All property-related damage losses covered by the policy. This includes the following: Property Damage (PD), Comprehensive damage (COMP), Collision damage (COLL), Fire/Theft Combined Additional Coverage (FTCA), Rental Reimbursement (RREUN), or Uninsured Motorist Property Damage (UMPD).

Material Misrepresentation: The policyholder / applicant makes a false statement of any material (important) fact on his/her application. For instance, the policyholder provides false information regarding the location where the vehicle is garaged or fails to disclose all the residents in a household.

Mechanical Breakdown Insurance: Covers repairs to all mechanical parts of the car.

Medical Adjuster : The medical adjuster is responsible for reviewing all medical bills, replacement/essential services, and lost wages submitted to the company for injuries sustained by you and/or the passengers in your vehicle (depending upon the state in which you live and the coverage on your policy).

Medical Payments Coverage: Pays medical expenses related to an automobile accident. This coverage is subject to the terms, limits and conditions of your policy contract.

Minimum Limits of Liability: The least amount of liability coverage that can be purchased, which is generally equivalent to the minimum amount required by state law. In determining rates, a carrier will use the basic limits to develop the base rates. If an insured person wants higher limits, the carrier applies an increased limits factor to the base rate in calculating the new premium for the increased coverage.

Misrepresentation: To make written or verbal statements that is untrue or misleading.

Motor Vehicle Record (MVR): A report from the agency that issues your driver's license, listing accidents and violations that appear on your driving record. This report is used to verify information provided by insurance applicants and policyholders.

Motorcycle Safety Foundation (MSF): An international non-profit organization dedicated to motorcycle safety training, research and awareness. Some applicants who complete MSF courses qualify for discounts for motorcycle insurance.

Multi-car discount: A discount offered by some insurance companies for those with more than one vehicle insured on the same policy. In some cases, if you drive a company car insured by your company, your own insurance company may give you the multi-car discount.

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Named driver exclusion: Endorsement on your auto policy that excludes a particular driver who has access to your car from coverage.

Named Insured: Any person, firm or corporation designated by name as the insured person(s) in a policy. Others may be protected by policy definition even though their names aren't on the policy, such as other drivers operating (with consent) the named insured's covered auto.

Named Non-Owner Policy: A policy endorsement for one who operates any non-owned automobile on a regular basis, such as driving a car provided by one's employer.

National Insurance Crime Bureau (NICB): A not-for-profit organization that partners with insurers and law enforcement agencies to facilitate the identification, detection, and prosecution of insurance criminals. The NICB receives support from over 1,000 property/casualty insurance companies.

Negligence: The failure to exercise the care that is expected of a reasonable person in similar circumstances.

No-Fault Insurance: May pay for your medical treatment, lost wages, or other accident-related expenses regardless of who caused the accident. This coverage is subject to the terms, limits and conditions of your policy contract and is not available in all states.

No-Loss Form: A statement that is a signed form telling the insurance company there have not been any losses since a certain date. The document usually includes a cancellation date, expiration date, and reinstatement date. etc.

Non-Owned Auto: Any vehicle that is not owned, borrowed, or leased by the insured, and which is used primarily for a business purpose.

Non-Owner Car Insurance: A policy providing liability coverage to a driver who does not own a vehicle, used to avoid gaps in continuous coverage, provide rental-car liability or to satisfy state requirements to reinstate a driver's license or SR-22 filing.

Non-Renewal: When an insurer decides not to renew a policy at the end of its policy period.

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Occasional Driver: The person who is not the primary or principal driver of the vehicle.

Occurrence: An event, or repeated exposure to conditions, which unexpectedly causes injury or damage during the policy period.

Original Equipment Manufacturer Parts: Auto parts obtained from the original manufacturer of the car or the supplier of the original part.

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Passive Restraint System: A passenger safety system, such as an air-bag, that activates automatically in the event of an accident.

Payment Plans: Your auto insurance premium can be paid using one of our installment payment plans; you make several smaller payments but incur a service fee.

Payment Recovery: If your car is damaged because of another driver's negligence and you ask your insurance carrier to settle the claim for damage to your vehicle, we will seek to recover your deductible and our payments from the other party. This process of payment recovery is also called subrogation.

Per Occurrence Limit: This refers to the cap amount an insurance company will pay for all claims arising from a single incident. In an automobile accident, it comprises bodily injuries sustained by all parties. When Bodily Injury coverage is purchased in split limits, the second limit is the "per occurrence" limit: e.g. $100,000(per person)/$300,000(per occurrence)

Per Person Limit: This refers to the cap amount an insurance company will pay for any one person's injuries arising from a single incident. In an automobile accident, it comprises bodily injuries sustained by each person. When Bodily Injury is purchased in split limits, the first limit is the "per person" limit: e.g. $100,000(per person)/$300,000(per occurrence)

Peril: A danger or hazard that can cause a loss, for example, a car collision with an object, or a fire.

Personal Auto Policy: The most common auto insurance policy sold today. Often referred to as "PAP," this policy is written in simple wording and provides coverage for liability, medical payments, uninsured/underinsured motorist coverage, and physical damage protection.

Personal Injury Protection: May pay for your medical treatment, lost wages, or other accident-related expenses regardless of who caused the accident. This coverage is subject to the terms, limits and conditions of your policy contract

Personal Property: Property that is not land or connected to land (real estate), such as furniture or jewelry.

Physical Damage: Damage to your covered vehicle from perils including (but not limited to) collision or upset with another vehicle object, fire, vandalism and theft.

Physical Damage Coverage: Pays for damage to your car this could be through Collision Coverage or Comprehensive Coverage (Also referred to as Other Than Collision)

Policy: The written documents of a contract for insurance between the insurance company and the insured. Such documents include forms, endorsements, riders and attachments.

Policy Change: Any change made to your insurance policy during the period that the policy is in force.

Policy Lapse: A point in time when a policy has been canceled or terminated for failure to pay the premium, or when the policy contract is void for other reasons.

Policy Limit: The maximum amount a policy will pay, either overall or under a particular coverage.

Policy Period: The period of time in which a policy is in effect. (For example, six months or one year).

Policy Term: The length of time that the policy is in force. Most companies offer annual and semi-annual policies.

Policyholder: One who maintains ownership in an insurance policy. This may refer to the policy owner or those covered under the policy. See also Named Insured.

Pre-accident Condition: The state of the vehicle before the accident, including damage not related to the accident, mileage, options, and other factors.

Preferred Risk: Any risk considered to be better than the standard risk on which the premium rate was calculated.

Premium: The price of insurance an insured person pays for a specified risk for a specified period of time.

Premium Financing: When a policyholder contracts with a lender to pay the insurance premium on his/her behalf. The policyholder agrees to repay the lender for the cost of the premium, plus interest and fees.

Primary Insurance: Insurance that must be maintained as a condition of the most Personal Umbrella Policies. Primary insurance acts as the first layer of coverage on common types of losses. This usually includes auto, motorcycle and homeowner insurance, but may also include boat insurance, commercial liability or some other policy. Please check your insurance policy documents for more detailed information.

Primary Use: What your vehicle is mainly used for (pleasure, to and from work, business, commercial, or farm).

Principal Driver: The person who drives the car most often.

Private Passenger Automobile: A four-wheeled motor vehicle that is subject to motor vehicle registration and used for private personal use.

Private Passenger Autos: Ordinary cars, station wagons and jeeps, utility autos (pick-ups, panel trucks and delivery vans of 1,500 lbs. or less, not used commercially) and utility trailers designed to be pulled by a private passenger auto.

Pro Rata Cancellation: Termination of an insurance contract before the policy expiration date on which the premium returned to the insured person is adjusted in proportion to the amount of time the policy was in effect.

Proof of Loss: A statement made regarding the extent of the claim; it may be requested in accordance with the conditions of the policy.

Property Damage Liability Coverage: Pays for damage to someone else's property resulting from an accident for which you are at fault and provides you with a legal defense. This coverage is subject to the terms, limits and conditions of your policy contract.

Proximate Cause: An act or omission initiating an unbroken sequence of events resulting in injury to a person or damage to property.

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Quote: A statement of the premium that will be charged for insurance coverages based on specific information provided by the person requesting the quote including drivers, vehicles, and driving record.

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Rate: Often used as a synonym for premium but actually refers to the base rating units that are used to determine the final premium.

Rating Plan: The rules that determine the cost of your insurance premium. These rules modify the base rates by applying discounts and surcharges based on your personal characteristics, for example, using your seat belt,

Rebate: A reduction of a premium.

Red Book: A publication used for the determination of values for used automobiles and trucks.

Reinspection: A review of an estimate or appraisal done by an adjuster during or after repairs to a vehicle. This is done to guarantee the accuracy of staff or independent auto damage personnel, and to guarantee that the work required in an estimate or appraisal is being completed by the body shop.

Reinstatement: The restoring of a cancelled policy to full force and effect. The reinstatement may be effective after the cancellation date, creating a lapse of coverage. Some companies require evidence of insurability and payment of past due premiums plus interest. They may also require a signed no-loss form.

Reinsurance: A form of insurance that insurance companies buy for their own protection, used and required to pay for losses and claims.

Release: Legally binding contract stating that all obligations past, present or future arising from a particular accident or occurrence have been fulfilled.

Renewal: The process of keeping an active policy in force through the issuance of a renewal policy.

Renewal Date: The date that your insurance policy expires and the date that your renewed policy will begin.

Rental Reimbursement: Optional coverage that helps pay rental vehicle costs when your insured vehicle is disabled as the result of a covered accident or loss. Available to most policyholders for an additional premium.

Renter's Insurance: Insurance that provides protection from losses that arise out of the rental of a home. Protection covers losses to the insured's property, not to losses that occur as a result of owning a home.

Replacement Cost: The cost to repair or replace an insured item. Some insurance only pays the actual cash or market value of the item at the time of the loss, not what it would cost to fix or replace it. This will pay the full cost to repair an item or buy a new one to replace the damaged item.

Replacement Parts: Several types of parts may be used when your vehicle is repaired: new parts, both original equipment manufacturer and after-market; and recycled parts. New or after-market parts will be used if a carrier can't find like-kind and quality recycled parts. A 5-year-old car, for instance, would be repaired with parts at least as good as the parts that had been in the car.

Replacement Value: The full cost to repair or replace the damaged property with no deduction for depreciation, subject to policy limits and contract provisions.

Resident Adjuster: Staff adjuster who handles claims in remote areas of a region.

Rider: In motorcycle insurance, a rider is someone who will operate the insured motorcycle. In life and health insurance, the term "rider" is often used to refer to an endorsement to an insurance policy.

Risk: The chance of suffering a loss.

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Safe Driver Plan: A rating system that assigns points for traffic convictions and certain accidents. Similar to a merit-rating plan, each point increases the surcharge percentage to the baseline rates.

Salvage Title: A title of ownership on a car that was once deemed a total loss by an insurance company, but has since been repaired and allowed back on the roadways.

Select Repair Shop: Body shops chosen by your insurance carrier that are authorized to handle the repair of insured vehicles without the need for an inspection by an assigned adjuster. Vehicle owners should always have the right to choose the body shop of their choice.

Self-Insured Retention: In umbrella insurance, self-insured retention is similar to a deductible in other types of insurance. The self-insured retention is the amount of damages for which the policyholder is responsible before the umbrella coverage begins to cover a loss.

Short Rate Cancellation: A policy termination in which the refunded premium is not proportional to the amount of time remaining in the policy period due to the fixed expenses incurred by the company. The insured will generally pay more for each day of coverage than if the policy had remained in force throughout the entire policy period.

Special Investigation Units: Your insurance carrier helps fight fraud through its special investigation unit, staffed with experts in fraud detection and investigation. Sounds official.

Split Limit: Any insurance coverage with separately stated limits for different types of coverage. Example: an automobile liability policy of 100/300/50 provides a maximum of $100,000 bodily injury coverage per person, $300,000 bodily injury coverage per accident, and a property damage limit of $50,000 per accident.

SR-22: An SR-22 (CFR) is a certificate mandated by the state to verify that an individual is maintaining auto insurance liability coverage. If a person needs an SR-22 (CFR), they will usually be notified by their state's Motor Vehicle Department.

Stacking of Limits: The application of more than one policy limit to the same loss or occurrence. In some jurisdictions, courts have required stacking of limits when multiple policies, or multiple policy periods, cover an occurrence. For example, Uninsured motorist bodily injury limits of $100,000/300,000 on two policies owned by the same person may be added together to pay a loss. In this event, the total amount of coverage available for an accident would be $200,000/600,000.

Staff Adjuster: A non-contract or per-job adjuster that is typically employed by your insurance carrier to handle claims.

Subrogation: If your car is damaged because of another driver's negligence and you ask your insurance carrier to settle the claim for damage to your car, we will seek payment recovery (including your deductible) from the other party. This process of payment recovery is called subrogation.

Supplement/Supplemental Estimate: Used to cover damage not included in the original estimate. Most claims settlements do their best to estimate costs, if they are wrong you are entitled to any additional money to settle your claim. This is paid with a supplement.

Surcharge: An extra charge applied by the insurer. For automobile insurance, a surcharge is usually charged for items like accidents, moving violations, or specific risks not handled by normal rating factors.

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Term: The length of time for which a policy or bond is in force.

Theft: The unlawful taking of another's property with the intent to permanently deprive the owner of its use or possession.

Third Party: Person or entity not party to an agreement but with an interest in the agreement.

Third Party Claim: Claims for injury or damage to property of a third party alleged to have been caused by the insured.

Threshold Level: Under some no-fault insurance laws, the threshold level represents the degree of injury a claimant must establish before being allowed to sue the negligent party. The threshold may be verbal (regarding the severity of the injuries) or a dollar amount ($10,000), or both. For example, with a threshold of $5,000, an injured person may sue if his/her injuries and other economic damages (rehabilitation expenses, loss of income, etc.) exceed $5,000.

Tort: A private wrong or harm (other than a breach of contract) committed against another, resulting in legal liability. A tort is either intentional or accidental (negligent). Automobile liability insurance is purchased to protect one from suits arising from unintentional torts.

Tort Feasor: One who commits a tort (see the definition of tort).

Total Loss: The condition of an automobile or other property when damage is so extensive that repair costs would exceed the value of the vehicle or property.

Towing and Labor Costs: This endorsement, which is added to the physical damage coverage, provides reimbursement up to a specified limit to tow your vehicle or pay for on-site labor costs.

Transportation Expenses: Subject to a daily and maximum dollar limit, this coverage (under the physical damage portion of an automobile policy) pays for transportation expenses incurred by the named insured only in the event of theft of an entire covered auto. Coverage generally begins after a stated minimum waiting period.

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Umbrella Insurance: Provides high limits of additional liability coverage above the limits of your homeowner's and auto policy. In addition, it provides coverage that may be excluded by other liability policies.

Underinsured: The result of the policyholder’s failure to buy sufficient insurance. An underinsured policyholder may only receive part of the cost of replacing or repairing damaged items covered in the policy.

Underwriting: The process an insurer goes through to determine whether or not it will provide coverage for an applicant.

Unearned Premium: The portion of your premium remaining on your policy term. For example, with a six-month premium, at the end of the first month of the premium period, five-sixths of the premium is unearned by the insurance company.

Uninsured Motorist Coverage: A type of car insurance coverage that protects you if you're hit by a driver without insurance. If you don't have uninsured motorist, and you're hit by an uninsured driver, you may need to pay out of pocket for damages to your car.

Unsatisfied Judgment Fund: Some states have established laws to reimburse those injured in auto accidents that have been unable to collect from the responsible party.

Usage: This refers to the primary function or purpose in which you intend to operate your vehicle. For example, if you primarily drive your car to and from work, the usage is considered "commute; "if you're self-employed and you primarily drive to see customers, the usage is considered "business;" if you're retired, your usage is considered "pleasure."

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Vandalism: Destruction or defacement of property.

Vehicle Identification Number (VIN): A 17-digit number assigned to each vehicle manufactured in the United States after 1980. This number is used for identification purposes and is visible on the dashboard when viewed from the outside of the car. It indicates many identifiers including make, model, options, and year in official records (like a Social Security number for your car).

Void: A policy contract that for some reason specified in the policy becomes free of all legal effect. One example under which a policy could be voided is when information a policyholder provided is proven untrue.

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Waiver of Collision Deductible: This option pays your collision deductible when you carry collision coverage on a vehicle that is damaged by an uninsured or hit-and-run motorist who is at fault. Coverage applies only when there is actual physical contact and when you can identify the uninsured driver or vehicle.

Whole Dollar Premium: Generally, insurance premiums are rounded to the nearest dollar; an amount of 51 cents or more being rounded up to the next dollar, and any amount less than that the cents are dropped.
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