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Commission
That portion of the premium paid to the agent as compensation for his or her services.
Deductible
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.
Venue
The specific county, city or geographical area in which a court has jurisdiction
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
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.
Comprehensive Coverage
Pays for damage to your car caused by reason other than collision, such as fire, theft, windstorm, flood, etc.
Policy
Written contract of insurance.
Premium
The money paid for an insurance policy based upon the coverage provided.
Insurer
The insurance company providing the insurance.
Cancellation
The termination of an insurance policy before its normal expiration date.
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