Flat - Cancellation of a policy at or before it becomes effective with all the premium refunded to the policyholder.
Claim - A notification by a person or business that is seeking to recover for a loss. A claim may be made against an individual or against an insurance company.
Claimant - Anyone who presents a claim that might be covered by insurance. For a liability insurance loss, the claimant is a person or business that has suffered a loss and seeks to collect for that loss from an insured. For a property insurance loss, the claimant is the insured who wants the insurance company to pay for repairing or replacing his or her damaged property.
Collision Insurance - One vehicle running into or being struck by another vehicle or object.
Comprehensive, Other than Collision - Covers losses to the insured’s vehicles, by many potential perils other than collision. Comprehensive coverage is not truly comprehensive in scope; as it does not cover losses as described in the exclusions to the policy (like loss caused by the insured, etc).
Conditions - In an insurance policy, provisions that explain the duties, rights, and options of the insured and the insurance company.
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