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Vehicle ID No. (VIN)
This 17 character number is unique to each vehicle. It identifies characteristics of the vehicle, including manufacturer, year, model, body, engine specifications, and serial number.
Exclusion
A contractual provision in an insurance policy that denies coverage for certain perils, persons, property, or locations.
Dismantled Title
The vehicle sustained major damage to one or more major component parts and the cost of repairing the vehicle for safe operation exceeds its fair market value.
Limits
The maximum amount of benefits the insurance company agrees to pay in the event of a loss.
Airbag Deployment
Occurs when the driver, passenger or side airbag has been used or deployed during a crash or other incident.
Cancellation
The termination of an insurance policy before its normal expiration date.
Liability Insurance
Coverage for a policyholder's legal liability resulting from injuries to other persons or damage to their property.
Premium
The money paid for an insurance policy based upon the coverage provided.
Policy
Written contract of insurance.
Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.
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