Accident Terms and Definitions

Dismantled Title
The vehicle sustained major damage to one or more major component parts and the cost of repairing the vehicle for safe operation exceeds its fair market value.

Insured
The person(s) entitled to coverage in case of an accident or loss.

Venue
The specific county, city or geographical area in which a court has jurisdiction

Binder
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.

Full Tort
With this selection you retain unrestricted rights to bring suit against the negligent party.

Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.

Salvage
Property taken over by an insurer to reduce its loss.

Negligence
The absence of ordinary care.

Quote
An estimate of the cost of insurance based on information supplied to the insurance company.

Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.