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Towing & Labor Coverage
Pays for towing charges when your car can’t be driven. Also pays labor charges, such as changing a flat tire, at the place where your car broke down.
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.
Collision
Pays for damage to your car caused by a collision with another vehicle or with any other object, regardless who was at fault.
Quote
An estimate of the cost of insurance based on information supplied to the insurance company.
Premium Finance Company
A lending institution that finances insurance premiums for a fee.
Policy
Written contract of insurance.
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.
Accident
A collision involving an automobile and anything that causes damage to the automobile, including other automobiles, telephone poles, buildings, and trees.
Nonrenewal
The termination of an insurance policy at its normal expiration date.
Limits
The maximum amount of benefits the insurance company agrees to pay in the event of a loss.
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