Accident Terms and Definitions

Premium
The money paid for an insurance policy based upon the coverage provided.

Witness
Person who testifies under oath before a court, regarding what he/she has seen, heard or otherwise observed.

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

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

Policy
Written contract of insurance.

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.

Commissioner of Insurance
The title of the head of most state insurance departments. In some states, the Director or Superintendent of Insurance is used instead.

Deductible
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.

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.

Broker
A person who for payment of a fee procures insurance on your behalf.