An amount equivalent to the replacement cost of a stolen or damaged property at the time of the loss, less depreciation. For vehicles, this amount would be determined by a local area private party sales and dealer quotations. Kelly Blue Book would only be used as a guide and not the final word.

An insurance company authorized to do business in your state.

A person or an organization, other than the named insured or covered person, who is protected under the named insured’s auto policy. If an auto is leased, the leasing company may want to be listed as an Additional Insured as well as a lien holder or loss payee. This protects the leasing company if it’s named in a lawsuit for an accident caused by a [..]

A licensed person or organization authorized to sell Insurance by or on behalf of an Insurance company.

A risk not ordinarily acceptable to insurers which is, according to state law, assigned to insurers participating in a plan in which the insurers agree to accept their share of these risks.

Coverage on the risks associated with driving or owning an automobile. It can include collision, liability, comprehensive, medical, and uninsured motorist coverages.

A temporary or preliminary agreement which provides coverage until a policy can be written or delivered.

Bodily injury liability protects you against financial loss (including the cost of your legal defense), when you are found liable for injuring another person in an automobile accident. You could be responsible for any damages that exceed your covered limits.

A broker is a licensed person or organization who shops on behalf of the client to find and start insurance coverage with an appropriate insurance carrier

The termination of Insurance coverage during the policy period. Flat cancellation is the cancellation of a policy as of its effective date, without any premium charge.