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Today's Terms
Commission
Definition:
That portion of the premium paid to the agent as compensation for his or her services.
Limits
Definition:
The maximum amount of benefits the insurance company agrees to pay in the event of a loss.
Medical Payments Coverage
Definition:
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.
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