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Salvage
Property taken over by an insurer to reduce its loss.
Subrogation
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.
Subpoena
Document issued by the authority of the court to compel a witness to appear and give testimony or produce documentary evidence in a proceeding. Failure to appear or produce is punishable by contempt of court.
Total Loss
An insurance company declares a vehicle a total loss when a claim exceeds the full value of the vehicle. Insurance companies typically take possession and obtain the title of such vehicles.
Venue
The specific county, city or geographical area in which a court has jurisdiction
Full Tort
With this selection you retain unrestricted rights to bring suit against the negligent party.
Quote
An estimate of the cost of insurance based on information supplied to the insurance company.
Producer
A term applied to an agent, solicitor or other person who sells insurance.
Hearsay
Evidence based on what the witness has heard someone else say, rather than what the witness has personally experienced or observed.
Policy
Written contract of insurance.
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