Del Toro Insurance, Miami FL

Many of the terms used in the insurance business can be confusing. To help you understand some of these terms a little better, we have presented a glossary for you to browse. Please understand that specific terms and conditions apply to every insurance policy, and these terms and conditions may limit the coverage available for any given accident or loss - they may even modify the meaning of some of the terms listed here. It is very important for you to note that the precise coverage afforded is subject to applicable underwriting guidelines and to the terms, conditions and exclusions of the policies issued.

ALL - A - B - C - D - E - F - G - H - I - J - K - L - M - N - O
P - Q - R - S - T - U - V - W - X - Y - Z

M

Medical payments - A coverage, written in connection with auto insurance, which provides medical, surgical, ambulance, etc. Costs for insured and passengers when they are injured accidentally while riding in the insured’s car. In case of death from such injury, funeral expenses are included.

Misrepresentation - Statements or facts included in the application for insurance that fail to disclose all the requested and/or pertinent characteristics of the insured. Examples would be the failure to disclose all drivers in the household, or failing to list all driving violations. Material misrepresentations can be grounds to void the insurance policy.

MVR - Abbreviation for Motor Vehicle Record, a report provided by states which details the driving record, accidents and convictions of a driver.