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Limits
The maximum amount of benefits the insurance company agrees to pay in the event of a loss.
Producer
A term applied to an agent, solicitor or other person who sells insurance.
Replacement Cost
Replacement cost is the cost of replacing lost or damaged property with new property of like kind and quality, at current market prices.
Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
Witness
Person who testifies under oath before a court, regarding what he/she has seen, heard or otherwise observed.
Hit and Run
An accident caused by someone who does not stop to assist or provide the required and necessary information.
Venue
The specific county, city or geographical area in which a court has jurisdiction
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.
Subpoena
Document issued by the authority of the court to compel a witness to appear and give testimony or produce documentary evidence in a proceeding. Failure to appear or produce is punishable by contempt of court.
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.
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