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Scrapped
Vehicles that have been dismantled and/or crushed and should not return to the road.
Collision
Pays for damage to your car caused by a collision with another vehicle or with any other object, regardless who was at fault.
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.
Hearsay
Evidence based on what the witness has heard someone else say, rather than what the witness has personally experienced or observed.
Salvage
Property taken over by an insurer to reduce its loss.
Comprehensive Coverage
Pays for damage to your car caused by reason other than collision, such as fire, theft, windstorm, flood, etc.
Witness
Person who testifies under oath before a court, regarding what he/she has seen, heard or otherwise observed.
Gap Insurance
Insurance that pays the difference between the actual cash value of a vehicle and the amount still to be paid on the loan. Some gap policies may also cover the amount of the deductible.
Premium
The money paid for an insurance policy based upon the coverage provided.
Insurer
The insurance company providing the insurance.
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