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Today's Terms
Binder
Definition:
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.
Comparative Negligence
Definition:
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
Uninsured Motorist Coverage (UMC)
Definition:
Provides coverage for a policyholder involved in a collision with a driver who does not have liability insurance.
More Terms >
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