Auto Insurance Glossary
Wondering what all the terminology in your auto insurance policy means? Below is a glossary for your reference. Accidental Death Coverage Accidental death coverage is sometimes a part of your auto insurance policy's Personal Injury Protection or First Party Benefits plans. If someone who's covered dies from accident-related injuries, this type of auto insurance coverage may provide a payment to the insured's designated beneficiary. Actual Cash Value You'll see this term a lot in auto insurance policies or if you ever have to file an auto insurance claim. That's because most auto insurance coverage reimburses you only for the actual cash value of your car. Your car's actual cash value is calculated by determining its original value, minus the amount your car has depreciated since you bought it. Adjuster An adjuster is the person who investigates and settles auto insurance claims. Agent/Broker Agents a...