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Total Loss
An insurance company declares a vehicle a total loss when a claim exceeds the full value of the vehicle. Insurance companies typically take possession and obtain the title of such vehicles.
Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.
Comprehensive Coverage
Pays for damage to your car caused by reason other than collision, such as fire, theft, windstorm, flood, etc.
Venue
The specific county, city or geographical area in which a court has jurisdiction
Hearsay
Evidence based on what the witness has heard someone else say, rather than what the witness has personally experienced or observed.
Misdemeanor
Criminal offenses less than felonies; generally those punishable by fine or imprisonment of less than 90 days in a local facility. A gross misdemeanor is a criminal offense for which an adult could be sent to jail for up to one year, pay a fine up to $5,000 or both.
Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.
Limits
The maximum amount of benefits the insurance company agrees to pay in the event of a loss.
Liability Insurance
Coverage for a policyholder's legal liability resulting from injuries to other persons or damage to their property.
Commissioner of Insurance
The title of the head of most state insurance departments. In some states, the Director or Superintendent of Insurance is used instead.
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