Accident Terms and Definitions

Cancellation
The termination of an insurance policy before its normal expiration date.

Venue
The specific county, city or geographical area in which a court has jurisdiction

Accident
A collision involving an automobile and anything that causes damage to the automobile, including other automobiles, telephone poles, buildings, and trees.

Uninsured Motorist Coverage (UMC)
Provides coverage for a policyholder involved in a collision with a driver who does not have liability insurance.

Binder
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.

Premium
The money paid for an insurance policy based upon the coverage provided.

Private Passenger Automobile
Four-wheeled motor vehicles of the private passenger, station wagon, or van type. Private passenger automobiles are designed for use on public highways and subject to motor vehicle registration.

Deductible
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.

Policy
Written contract of insurance.

Medical Payments Coverage
Covers the medical costs (up to the specified limit you choose) resulting from an auto accident for you, your family, and others in your car. It pays regardless of fault.