Accident Terms and Definitions

Venue
The specific county, city or geographical area in which a court has jurisdiction

Accident
A collision involving an automobile and anything that causes damage to the automobile, including other automobiles, telephone poles, buildings, and trees.

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.

Salvage
Property taken over by an insurer to reduce its loss.

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.

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.

Premium
The money paid for an insurance policy based upon the coverage provided.

Premium Finance Company
A lending institution that finances insurance premiums for a fee.

Flood Damage Title
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.

Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.