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Broker
A person who for payment of a fee procures insurance on your behalf.
Subrogation
The process in which an insurance company, after paying a loss to its insured, recovers the amount of the loss for damages (plus the insured's deductible) from the legally liable party.
Binder
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.
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.
Commission
That portion of the premium paid to the agent as compensation for his or her services.
Producer
A term applied to an agent, solicitor or other person who sells insurance.
Medical Payments Coverage
Covers the medical costs (up to the specified limit you choose) resulting from an auto accident for you, your family, and others in your car. It pays regardless of fault.
Collision
Pays for damage to your car caused by a collision with another vehicle or with any other object, regardless who was at fault.
Premium
The money paid for an insurance policy based upon the coverage provided.
Full Tort
With this selection you retain unrestricted rights to bring suit against the negligent party.
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