Accident Terms and Definitions

Limits
The maximum amount of benefits the insurance company agrees to pay in the event of a loss.

Insurer
The insurance company providing the insurance.

Exclusion
A contractual provision in an insurance policy that denies coverage for certain perils, persons, property, or locations.

Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.

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.

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.

Airbag Deployment
Occurs when the driver, passenger or side airbag has been used or deployed during a crash or other incident.

Private Passenger Automobile
Four-wheeled motor vehicles of the private passenger, station wagon, or van type. Private passenger automobiles are designed for use on public highways and subject to motor vehicle registration.

Producer
A term applied to an agent, solicitor or other person who sells insurance.

Quote
An estimate of the cost of insurance based on information supplied to the insurance company.