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Definitions (93)
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Anti-Theft Recovery System
A device located in the vehicle that sends a location signal, should the vehicle be stolen. Many insurance companies offer discounts if said device is part of the vehicle.
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Coverage area
Geographically speaking, the area in which an insurance policy is effective.
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Valuation
A policy’s current value.
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browser. Please upgrade your browser
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Start here
to lower your auto insurance cost
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Accidental death coverage
An option on an insurance policy that will pay a beneficiary in the event that the policy holder should die due to accident related injuries.
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Actual cash value
A fair market estimation of the cash value of a piece of property
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Actuary
A person who studies statistical data to help determine probability for insurance purposes
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Adjustable rate
An interest rate that goes up or down based on current market rates
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adjuster
A person in charge of the investigation and settlement of insurance claims
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