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Collision
Pays for damage to your car caused by a collision with another vehicle or with any other object, regardless who was at fault.
Salvage
Property taken over by an insurer to reduce its loss.
Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.
Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.
Premium
The money paid for an insurance policy based upon the coverage provided.
Broker
A person who for payment of a fee procures insurance on your behalf.
Deductible
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.
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.
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
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