| A | B |
|---|
| ACTUAL CASH VALUE | The amount awarded for property damage losses, usually equal to the cost of replacing the damaged item, minus depreciation. |
| BODILY INJURY LIABILITY | Coverage that protects you against financial loss and pays legal defense costs when you are legally liable for injuring other persons in a car accident. |
| CLAIM | A policyholder's request to recover losses covered by an insurance policy. |
| COLLISION INSURANCE | Coverage that reimburses you for damage to your own car resulting from a rollover or collision with another object. |
| COMPREHENSIVE | Coverage that reimburses you for damage to your own car from causes other than collision. |
| COVERAGE | Indicates the type of coverage and/or how much the protection your insurance policy will provide. |
| DEDUCTIBLE | The amount you must pay before your insurance coverage begins paying. |
| INSURED | A person covered by a policy. |
| LOSS | The basis for an insurance claim. |
| MEDICAL PAYMENTS | Coverage that reimburses you and your passengers for medical and funeral expenses stemming from bodily injury or death by accident. |
| POLICYHOLDER | The person who pays a premium to an insurance company in exchange for the protection outlined in an insurance policy. |
| PREMIUM | The amount of money paid for an insurance policy. |
| PROPERTY DAMAGE | Insurance that protects you against financial loss if you are legally liable to others for auto-related damage to their property. |
