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Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
Salvage
Property taken over by an insurer to reduce its loss.
Premium
The money paid for an insurance policy based upon the coverage provided.
Liability Insurance
Coverage for a policyholder's legal liability resulting from injuries to other persons or damage to their property.
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
Gap Insurance
Insurance that pays the difference between the actual cash value of a vehicle and the amount still to be paid on the loan. Some gap policies may also cover the amount of the deductible.
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.
Insured
The person(s) entitled to coverage in case of an accident or loss.
Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.
Hearsay
Evidence based on what the witness has heard someone else say, rather than what the witness has personally experienced or observed.
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