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Underinsured Motorist Coverage
Pays for bodily injury or wrongful death caused by an underinsured motor vehicle (that is, a vehicle which is insured, but at an amount that is less than your uninsured motorist bodily injury (UMBI) limits).
Insured
The person(s) entitled to coverage in case of an accident or loss.
Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.
Junk Title
A Junk Title is issued on a vehicle damaged to the extent that the cost of repairing the vehicle for safe operation exceeds its fair market value; or a vehicle that has been declared a total loss by an insurer or other state or jurisdiction.
Deductible
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.
Limits
The maximum amount of benefits the insurance company agrees to pay in the event of a loss.
Scrapped
Vehicles that have been dismantled and/or crushed and should not return to the road.
Subpoena
Document issued by the authority of the court to compel a witness to appear and give testimony or produce documentary evidence in a proceeding. Failure to appear or produce is punishable by contempt of court.
Loss Due To Fire Title
The vehicle sustained major damage due to fire. In most states, fire damage titles are issued when the cost of repairing the vehicle for safe operation exceeds its fair market value.
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