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Cancellation
The termination of an insurance policy before its normal expiration date.
Accident
A collision involving an automobile and anything that causes damage to the automobile, including other automobiles, telephone poles, buildings, and trees.
Nonrenewal
The termination of an insurance policy at its normal expiration date.
Airbag Deployment
Occurs when the driver, passenger or side airbag has been used or deployed during a crash or other incident.
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.
Replacement Cost
Replacement cost is the cost of replacing lost or damaged property with new property of like kind and quality, at current market prices.
Exclusion
A contractual provision in an insurance policy that denies coverage for certain perils, persons, property, or locations.
Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.
Negligence
The absence of ordinary care.
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