A required search by a broker to place coverage with an admitted insurer authorized to write and actually writing that kind and class of insurance in the state before procuring coverage in the surplus lines market, unless the insured is classified as an exempt commercial purchaser or industrial insured, which are exempt from diligent effort requirements (TIC 981.004).

Dimensionalized Weight determined by calculating length x width x height and dividing by 166. Charged when actual weight is less than the Dim. Weight.

The idea that a vehicle loses value after it has been damaged in an accident and repaired.

Umbrella liability provision specifying that, in the event the primary Policy aggregate limit is exhausted or reduced, the Umbrella Policy will ‘dip-down’ and pay primary losses incurred during the Umbrella Policy period.