|
Today's Terms
Limited Tort
Definition:
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.
Accident
Definition:
A collision involving an automobile and anything that causes damage to the automobile, including other automobiles, telephone poles, buildings, and trees.
Commission
Definition:
That portion of the premium paid to the agent as compensation for his or her services.
More Terms >
|
