Accident Terms and Definitions

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

Underinsured Motorist Coverage
Pays for bodily injury or wrongful death caused by an underinsured motor vehicle (that is, a vehicle which is insured, but at an amount that is less than your uninsured motorist bodily injury (UMBI) limits).

Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.

Salvage
Property taken over by an insurer to reduce its loss.

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.

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

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.

Accident
A collision involving an automobile and anything that causes damage to the automobile, including other automobiles, telephone poles, buildings, and trees.

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

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