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| A | Accidental Death Coverage
Accidental death coverage is sometimes a part of your auto insurance policy's Personal Injury Protection or
First Party Benefits plans.
In case 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 read this term a lot in auto insurance policies or if you ever have to file an auto insurance claim. It's because most auto insurance coverage reimburses you only for the actual cash value of your car. A 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.
Additional Insured or Additional Interest
A person or an organization, other than the named insured or covered person, who is protected under the named insured's auto policy. When an auto is leased, the leasing company may want to be listed as an Additional Insured as well as a lien holder or loss payee. It protects the leasing company if it's named in a lawsuit for an accident caused by a policyholder.
Agent/Broker
Agents and brokers both sell and manage insurance for their customers. Brokers are the authorized representatives of people looking for insurance. Agents are the authorized representatives of an insurance company or companies.
Anti-Theft Recovery System
These systems consist of an electronic device that's installed in a concealed area of your car. When your car is stolen, you can activate the device and it will emit a signal that can be used to locate your car.
These systems can be effective over a radius of several miles, depending on local geography. You may ask your car dealer or nearby police department which brand of recovery systems are supported in your area. You may be eligible for an auto insurance discount by installing an anti-theft recovery system.
Assigned Risk
A risk not ordinarily acceptable to insurers which is, according to state law, assigned to insurers participating in a plan in which the insurers agree to accept their share of these risks.
Automobile Insurance Plans
The name for "assigned risk" plans. Automobile insurance plans are plans set up and monitored by the state to help people who are unable to secure auto insurance through standard insurance carriers.
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