Accident Terms and Definitions

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.

Insured
The person(s) entitled to coverage in case of an accident or loss.

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

Premium Finance Company
A lending institution that finances insurance premiums for a fee.

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

Gap Insurance
Insurance that pays the difference between the actual cash value of a vehicle and the amount still to be paid on the loan. Some gap policies may also cover the amount of the deductible.

Comprehensive Coverage
Pays for damage to your car caused by reason other than collision, such as fire, theft, windstorm, flood, etc.

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

Cancellation
The termination of an insurance policy before its normal expiration date.

Private Passenger Automobile
Four-wheeled motor vehicles of the private passenger, station wagon, or van type. Private passenger automobiles are designed for use on public highways and subject to motor vehicle registration.