|
carinsurance.com
|
0 earned Badges No badges were found
Definitions (249)
1 |
3
5
pre-accident condition
The state of the vehicle before the accident, including damage not related to the accident, mileage, options, and other factors.
Meaning awaits approval from a moderator |
2 |
2
0
driver training
State accredited training course that consists of time spent behind-the-wheel with professional instruction.
Meaning awaits approval from a moderator |
3 |
1
0
adverse carrier
Term used to refer to the other party's insurance company.
Meaning awaits approval from a moderator |
4 |
1
1
certificate of satisfaction
A form signed by the insured when he or she takes delivery of the car from the repairer. It certifies that he or she is satisfied with the vehicle operations, appearance, and visible quality of the r [..]
Meaning awaits approval from a moderator |
5 |
0
1
accident
A sudden, fortuitous event or an unexpected, unforeseen event, not under the control of an insured and resulting in a loss. Often used to refer to a collision or insurance event. See What to do after [..]
Meaning awaits approval from a moderator |
6 |
0
0
accident forgiveness
In most states, customers who have not had an at-fault accident in the previous five years qualify for this program. Accident forgiveness means that some insurance carriers won't add a surcharge [..]
Meaning awaits approval from a moderator |
7 |
0
0
accident frequency
The number of times an accident occurs. Used by actuaries (see definition below) to predict losses and appropriately base premiums.
Meaning awaits approval from a moderator |
8 |
0
0
accidental death benefit
A supplementary life insurance policy benefit that provides a death benefit in addition to the policy’s basic death benefit if the insured’s death occurs as the result of an accident.
Meaning awaits approval from a moderator |
9 |
0
0
act of god
Natural occurrence beyond human control or influence. Such acts of nature include hurricanes, earthquakes, and floods. See Acts of God and your car insurance
Meaning awaits approval from a moderator |
10 |
0
0
actual cash value
The fair market value of property; technically, replacement cost less depreciation.
Meaning awaits approval from a moderator |
To view all 249 definitions, please sign in.