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Misdemeanor
Criminal offenses less than felonies; generally those punishable by fine or imprisonment of less than 90 days in a local facility. A gross misdemeanor is a criminal offense for which an adult could be sent to jail for up to one year, pay a fine up to $5,000 or both.
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
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).
Premium
The money paid for an insurance policy based upon the coverage provided.
Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.
Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
Policy
Written contract of insurance.
Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.
Broker
A person who for payment of a fee procures insurance on your behalf.
Comprehensive Coverage
Pays for damage to your car caused by reason other than collision, such as fire, theft, windstorm, flood, etc.
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