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Towing & Labor Coverage
Pays for towing charges when your car can’t be driven. Also pays labor charges, such as changing a flat tire, at the place where your car broke down.
Limited Tort
Offers savings on your premiums. You are still able to recover all out-of-pocket medical and other expenses, however you are not able to recover non-monetary damages or receive payments for pain and suffering unless injuries are defined as serious.
Binder
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.
Witness
Person who testifies under oath before a court, regarding what he/she has seen, heard or otherwise observed.
Premium Finance Company
A lending institution that finances insurance premiums for a fee.
Vehicle ID No. (VIN)
This 17 character number is unique to each vehicle. It identifies characteristics of the vehicle, including manufacturer, year, model, body, engine specifications, and serial number.
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.
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.
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