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February 06, 2012
Car-Accidents
             
 
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Accident Terms and Definitions

 
 

Hearsay
Evidence based on what the witness has heard someone else say, rather than what the witness has personally experienced or observed.

Claim
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.

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.

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.

Premium Finance Company
A lending institution that finances insurance premiums for a fee.

Venue
The specific county, city or geographical area in which a court has jurisdiction

Private Passenger Automobile
Four-wheeled motor vehicles of the private passenger, station wagon, or van type. Private passenger automobiles are designed for use on public highways and subject to motor vehicle registration.

Airbag Deployment
Occurs when the driver, passenger or side airbag has been used or deployed during a crash or other incident.

Scrapped
Vehicles that have been dismantled and/or crushed and should not return to the road.

Broker
A person who for payment of a fee procures insurance on your behalf.


Contact our Minnesota Accident Lawyers if you have ever experienced a personal injury and think others are at fault for the accident.

 
Did You Know?    
 
 
Studies Discover The Level Of Education A Person Has, Corresponds With Their Vehicle Death Rate
A study by the Insurance Institute for Highway Safety found that the level of education a person has corresponds with their vehicle death rate. Men and women without a high school diploma had three times the fatality risk of those who had some education beyond high school.

 


  Newsroom  
 


Motor Vehicle Accidents Number One Killer of Children 4 to 14
According to the National Highway Traffic Safety Administration (NHTSA), about 7,500 lives have been saved by the proper use of vehicle child restr...
Read more >


Park Visitor Dies in Single Car Accident
Park Visitor Dies in Single Car Accident

A 52-year old park visitor died from injuries received in a single car accident i...
Read more >


What to Do in Case of an Accident
Step 1If possible, stop your car in a safe and visible place. If the car cannot be moved, turn on the hazard lights. Turn off the ignition. Be...
Read more >


More news >

 
 

Terms

 


Today's Terms

Deductible

Definition:
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.

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.

Exclusion

Definition:
A contractual provision in an insurance policy that denies coverage for certain perils, persons, property, or locations.

More Terms >

 

Resources

 


More Resources >

 

Hot Topics

 

  • DUI Car Accidents
  • Aggresive Driving
  • Catastrophic Injuries
  • Speeding Accidents

More Topics >

Minnesota Car Accident Lawyers

 
If you live in one of the following cities and have been in an auto accident you should contact an Minnesota Car Accident Lawyers as soon as possible:

  • Andover
  • Anoka
  • Austin
  • Bemidji
  • Brainerd
  • Burnsville
  • Circle Pines
  • Cottage Grove
  • Eden Prairie
  • Elk River
  • Faribault
  • Hastings
  • Lakeville
  • Mankato
  • Minneapolis
  • Moorhead
  • Osseo
  • Owatonna
  • Rochester
  • Saint Cloud
  • Saint Paul
  • Stillwater
  • Winona
  Need to find a Car Accident Lawyer Nationwide? Visit CarAccidentAttorneys.com


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