The Florida Insurance Glossary, designed to help Florida residents better understand the terms used.



Theft:  A peril covered under the comprehensive or other than collision coverage on an auto insurance policy.

Third Party:  The insured and insurance company is referred to as the first and second party and others are
referred to as a third party.

Third Party Claim:  A claim brought about from someone other than the policyholder.  

Tort:  An intentional or negligent wrongdoing that results in personal injury or property damage.  

Third Party Administrator:  A person or entity that provides administrative services for an insurance company.

Towing and labor Coverage:  Optional coverage on the auto insurance contract which reimburses for towing and
emergency expenses for a disabled vehicle.

Tight Market:  A condition in the insurance marketplace where available insurance is in short supply and expensive
i.e. hard market.

Total Loss:  A vehicle damaged in an accident or from another peril that is beyond repair.

Travelers Auto Insurance:  Travelers Insurance has been serving the state of Florida for years, offering some of
the best Florida car insurance rates in the industry.
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