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Hearsay
Evidence based on what the witness has heard someone else say, rather than what the witness has personally experienced or observed.
Liability Insurance
Coverage for a policyholder's legal liability resulting from injuries to other persons or damage to their property.
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).
Broker
A person who for payment of a fee procures insurance on your behalf.
Quote
An estimate of the cost of insurance based on information supplied to the insurance company.
Exclusion
A contractual provision in an insurance policy that denies coverage for certain perils, persons, property, or locations.
Cancellation
The termination of an insurance policy before its normal expiration date.
Commission
That portion of the premium paid to the agent as compensation for his or her services.
Medical Payments Coverage
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.
Subrogation
The process in which an insurance company, after paying a loss to its insured, recovers the amount of the loss for damages (plus the insured's deductible) from the legally liable party.
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