|
Today's Terms
Medical Payments Coverage
Definition:
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.
Subrogation
Definition:
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.
Surcharge
Definition:
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
More Terms >
|
