A term used to refer to the other party’s insurance company. 

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Also referred to as ACV. The fair market value of property calculated using replacement cost less depreciation. 

A person who calculates insurance risks and premiums. 

A person who acts as a representative for a company and sells insurance. 

A process used to determine the value of property, or the extent of damage. This process is usually performed by an impartial expert.

The process of settling a dispute through an impartial party.

A driver who does not qualify for insurance in the regular market and as a result must get coverage through a state assigned risk plan.

The party that is legally responsible or liable for damages in an automobile accident.

Insurance which provides protection from losses resulting from owning or operating an auto. Insurance covers losses to the insured’s property as well as losses for which he is liable as a result of op [..]