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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.
Liability Insurance
Coverage for a policyholder's legal liability resulting from injuries to other persons or damage to their property.
Hearsay
Evidence based on what the witness has heard someone else say, rather than what the witness has personally experienced or observed.
Limits
The maximum amount of benefits the insurance company agrees to pay in the event of a loss.
Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.
Total Loss
An insurance company declares a vehicle a total loss when a claim exceeds the full value of the vehicle. Insurance companies typically take possession and obtain the title of such vehicles.
Commission
That portion of the premium paid to the agent as compensation for his or her services.
Towing & Labor Coverage
Pays for towing charges when your car can’t be driven. Also pays labor charges, such as changing a flat tire, at the place where your car broke down.
Witness
Person who testifies under oath before a court, regarding what he/she has seen, heard or otherwise observed.
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