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Misdemeanor
Criminal offenses less than felonies; generally those punishable by fine or imprisonment of less than 90 days in a local facility. A gross misdemeanor is a criminal offense for which an adult could be sent to jail for up to one year, pay a fine up to $5,000 or both.
Negligence
The absence of ordinary care.
Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.
Exclusion
A contractual provision in an insurance policy that denies coverage for certain perils, persons, property, or locations.
Nonrenewal
The termination of an insurance policy at its normal expiration date.
Airbag Deployment
Occurs when the driver, passenger or side airbag has been used or deployed during a crash or other incident.
Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
Premium Finance Company
A lending institution that finances insurance premiums for a fee.
Deductible
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.
Limited Tort
Offers savings on your premiums. You are still able to recover all out-of-pocket medical and other expenses, however you are not able to recover non-monetary damages or receive payments for pain and suffering unless injuries are defined as serious.
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