The Florida Insurance Glossary, designed to help Florida residents better understand the terms used.
SR-22 Insurance: This is the name of the form used by auto insurance companies to certify compliance for persons
required to maintain minimum limits of liability insurance. If you are in need of Florida SR22 Insurance please feel
free to give us a call.
Safe Driver Plan: This refers to automobile insurance rates which take into account discounts and surcharges
based on driving history.
Saving Money: It's all about saving money these days. Be sure you do your homework and fully understand what
your buying. To learn more visit our "Learn the basics" section of this site.
Salvage: After an insurance company settles a claim for a total loss they are entitled to any remaining value the
vehicle has i.e. salvage value.
Self Insurance: This refers to individuals and companies that do not transfer risk to another entity and assume
responsibility for their risk exposure.
Severity: The seriousness of an accident or claim.
Short Rate Cancellation: The termination of an insurance policy and the return of unused premium less a penalty.
Soft Market: A term which describes the marketplace when it is easy and relatively inexpensive to obtain insurance.
Solicitor: A person engaged in prospecting for insurance customers.
Solvency: An insurer with sufficient assets to meet all its obligations as opposed to an insolvent insurer.
Special Investigation Unit: A division of an insurance company that investigates claims for possible fraud.
Split Limits: Different maximum liability limits for Bodily Injury and Property Damage on an auto insurance policy is
stated as split limits.
Stacked Limits: Uninsured motorist coverage limits that are multiplied by the number of vehicles on a policy as
opposed to non-stacked.
Staff Adjuster: An adjuster employed by an insurance company as opposed to an independent adjuster who is
contracted by an insurance company.
Stock Insurance Company: An insurance company that is owned by shareholders as opposed to a mutual
insurance company that is owned by its policyholders.
Subrogation: The right of an insurance company to recoup money paid out for a claim from the responsible party.
Substandard Risk: A risk with characteristics that fall outside the norm.
Supplement/Supplemental Estimate: An addition to an existing claim after hidden damages are revealed.
Surplus Lines: The variety of insurance available through non-admitted carriers.
SR-22 Insurance: This is the name of the form used by auto insurance companies to certify compliance for persons
required to maintain minimum limits of liability insurance. If you are in need of Florida SR22 Insurance please feel
free to give us a call.
Safe Driver Plan: This refers to automobile insurance rates which take into account discounts and surcharges
based on driving history.
Saving Money: It's all about saving money these days. Be sure you do your homework and fully understand what
your buying. To learn more visit our "Learn the basics" section of this site.
Salvage: After an insurance company settles a claim for a total loss they are entitled to any remaining value the
vehicle has i.e. salvage value.
Self Insurance: This refers to individuals and companies that do not transfer risk to another entity and assume
responsibility for their risk exposure.
Severity: The seriousness of an accident or claim.
Short Rate Cancellation: The termination of an insurance policy and the return of unused premium less a penalty.
Soft Market: A term which describes the marketplace when it is easy and relatively inexpensive to obtain insurance.
Solicitor: A person engaged in prospecting for insurance customers.
Solvency: An insurer with sufficient assets to meet all its obligations as opposed to an insolvent insurer.
Special Investigation Unit: A division of an insurance company that investigates claims for possible fraud.
Split Limits: Different maximum liability limits for Bodily Injury and Property Damage on an auto insurance policy is
stated as split limits.
Stacked Limits: Uninsured motorist coverage limits that are multiplied by the number of vehicles on a policy as
opposed to non-stacked.
Staff Adjuster: An adjuster employed by an insurance company as opposed to an independent adjuster who is
contracted by an insurance company.
Stock Insurance Company: An insurance company that is owned by shareholders as opposed to a mutual
insurance company that is owned by its policyholders.
Subrogation: The right of an insurance company to recoup money paid out for a claim from the responsible party.
Substandard Risk: A risk with characteristics that fall outside the norm.
Supplement/Supplemental Estimate: An addition to an existing claim after hidden damages are revealed.
Surplus Lines: The variety of insurance available through non-admitted carriers.
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Florida Auto Plus Insurance, Simply the best.
Local map and directions: 9742 Banyan street Miami, Florida 33157
Call us now. You'll be glad you did.
1-877-WIZ-AUTO.com
Local map and directions: 9742 Banyan street Miami, Florida 33157
Call us now. You'll be glad you did.
1-877-WIZ-AUTO.com
Clifford J. Schimek - Lower your car insurance cost for life.
Clients enjoy a level of personal attention and first class service that most other agencies simply cannot match.
I want to be your personal local Florida auto insurance agent and earn your trust and respect.
Searching for Auto Insurance Florida, look no further.
Clients enjoy a level of personal attention and first class service that most other agencies simply cannot match.
I want to be your personal local Florida auto insurance agent and earn your trust and respect.
Searching for Auto Insurance Florida, look no further.
| Florida Insurance Glossary Terms "S" Florida Auto Plus Insurance Agency - "Lower your Florida car insurance cost for life" |