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Glossary of Terms

AGREED VALUE

A special coverage that is included in all our policies. Prior to issuing your policy, we will come to an “agreed value” that will be included in your policy and will apply to the value we will use in the event that there is a covered total loss to your vehicle. This agreed value is the amount you will receive.

Antique Vehicle

A motor vehicle twenty-five years or more of age, that is maintained primarily for use in exhibitions, club activities, parades or other functions of public interest; it is not used primarily for the transportation of persons or goods.

Classic vehicle

A motor vehicle of unique or rare design and of limited production that is an object of curiosity and maintained primarily for use in exhibitions, club activities, parades and other functions of public interest; it is not used primarily for the transportation of persons or goods. Vehicles 19-24 years old are normally treated as Classics by J.C. Taylor.

COLLISION

The upset or collision with another object of “your covered auto.”

DEDUCTIBLE

A deductible is the amount of a covered loss you agree to pay.

EXOTIC VEHICLE

A motor vehicle which because of its specific make, model year of manufacture and exceptional physical condition, is considered to be increasing in value rather than depreciating in value and is maintained primarily for use in exhibitions, club activities, parades or other functions of public interest; it is not used primarily for the transportation of persons or goods.

KIT CAR

A motor vehicle at least 25 years old consisting of separately manufactured components that is assembled by the purchaser that is maintained primarily for use in exhibitions, club activities, parades or other Functions or public interest; it is not used primarily for the transportation of persons or goods.

LIABILITY

Bodily Injury Liability pays for injury to others when you are at fault. Property Damage Liability pays for property damage when you are at fault.

OTHER THAN COLLISION

Sometimes referred to as “comprehensive coverage,” “Other Than Collision” includes loss to “your covered auto” caused by missiles, falling objects, fire, theft or larceny, explosion, earthquake, windstorm, hail, water, flood, malicious mischief or vandalism, riot or civil commotion, contact with bird or animal or breakage of glass. If breakage of glass is caused by a “collision,” you may elect to have it considered a loss caused by “collision.”

PERSONAL INJURY PROTECTION

In no-fault states, this covers a broad assortment of medical expenses.

REPLICAR

A commercially assembled reproduction of any motor vehicle at least 25 years old that is maintained primarily for use in exhibitions, club activities, parades or other functions of public interest; it is not used primarily for the transportation of persons or goods.

SPARE PARTS

A replacement for an item normally a part of “your covered auto” that is not currently in place on “your covered auto.” The policy coverage limit is $750.

UNINSURED/UNDERINSURED MOTORISTS COVERAGE

Uninsured/Underinsured Motorists Coverage pays for coverage to you if the other driver is not insured or is underinsured.
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