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Today's Terms
Airbag Deployment
Definition:
Occurs when the driver, passenger or side airbag has been used or deployed during a crash or other incident.
Gap Insurance
Definition:
Insurance that pays the difference between the actual cash value of a vehicle and the amount still to be paid on the loan. Some gap policies may also cover the amount of the deductible.
Premium
Definition:
The money paid for an insurance policy based upon the coverage provided.
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