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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.
Hearsay
Evidence based on what the witness has heard someone else say, rather than what the witness has personally experienced or observed.
Premium Finance Company
A lending institution that finances insurance premiums for a fee.
Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.
Premium
The money paid for an insurance policy based upon the coverage provided.
Commissioner of Insurance
The title of the head of most state insurance departments. In some states, the Director or Superintendent of Insurance is used instead.
Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
Surcharge
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
Collision
Pays for damage to your car caused by a collision with another vehicle or with any other object, regardless who was at fault.
Nonrenewal
The termination of an insurance policy at its normal expiration date.
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