The pricing factor upon which the insurance buyer's premium is based.

Protection against loss resulting from any damage to the policyholder's car caused by collision with another vehicle or object, or by upset of the insured car, whether it was the insured's fault or not.

An independent business person who usually represents two or more insurance companies in a sales and service capacity and who is paid on a commission basis.

The estimated total cost, both insured and uninsured, of mishaps (such as motor vehicle accidents, work accidents, and fires); includes such factors as property damage, funeral expenses, wage loss, insurance administration costs, and medical, hospital and legal costs.

The sum paid by a policyholder to keep an insurance policy in force.

The tendency of persons who present a poorer-than-average risk to apply for, or continue, insurance to a greater extent than do persons with average or better-than-average expectations of loss.

One of several types of "shared market" mechanisms where persons who are unable to obtain such insurance in the voluntary market are assigned to a particular company, usually at a higher rate than the voluntary market. Formerly called "Assigned Risk."

The resumption of coverage under a policy which has lapsed.

The unlawful taking, carrying, leading or riding away of another person's property.

(1)Insurance covering the policyholder's legal liability resulting from injuries to other persons or damage to their property. (2) Provides protection for the insured against loss arising out of legal liability to third parties.