rider.com

Website:http://www.rider.com
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Definitions (46)

1

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Actual cash value


is the lessor of (1) the replacement cost of the motorcycle or the property less the depreciation and/or betterment and (2) the purchase price
Source: rider.com

2

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betterment


is improvement of the motorcycle or property to a greater value than its pre-loss condition
Source: rider.com

3

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Bodily injury


bodily harm.  It also includes sickness, disease, or death but which results from bodily harm
Source: rider.com

4

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CANCELLATION


is when a policy is terminated before the expiration date either by the insured or the insurer 
Source: rider.com

5

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claim


a request for payment by an insured for a loss associated with a covered vehicle
Source: rider.com

6

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Claimant


the person making the claim
Source: rider.com

7

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collision


the upset of your insured motorcycle or its impact with another vehicle or object 
Source: rider.com

8

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comprehensive


Also known as “other than collision” is when damage is caused by any of the following: breakage of glass; contact with bird or animal; explosion or earthquake; fire, hail, water, flood or wind; lightn [..]
Source: rider.com

9

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DEDUCTIBLE


the amount the named insured is responsible for in a comprehensive or collision claim and in some cases a medical expense or uninsured motorist claim.  In other words, it is the amount that will be de [..]
Source: rider.com

10

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DEPRECIATION


a decrease or loss in value to the motorcycle or property because of use, disuse, physical wear and tear, age, outdatedness or other causes
Source: rider.com


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