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1. Accidental Death Coverage

Coverage sometimes included within your auto insurance policy's "Personal Injury Protection" or "First Party Benefits" plans. If someone who is covered dies from accident-related injuries, this coverage may provide a payment to the insured's designated beneficiary.

2. Actual Cash Value

This term is often used within auto insurance policies since most auto insurance coverage will reimburse the policyholder only for the actual cash value of the automobile. The auto's actual cash value is calculated by determining its original value, less the amount the vehicle has depreciated since it was purchased.

3. Adjuster

The person who investigates and settles claims on behalf of an insurance carrier.

4. Adjusting

The process of damage assessment and settlement of losses with or by an insurance carrier after an auto accident.

5. Agent/Broker

Both agents and brokers sell insurance for their customers. An agent is an authorized representative of an insurance company, while a broker is the authorized representative of those people who are seeking insurance.

6. Amortization

Paying an interest-bearing liability through a series of payments, as opposed to a single lump-sum payment.

7. Anti-Theft Recovery System

A system consisting of an electronic device installed within a concealed area of an automobile. Should your auto be stolen, the device can be activated and will emit a signal which can be used in locating your vehicle. These systems can be effective within a radius of several miles, contingent upon local geography. Consult with your car dealer or local police department as to which brands of anti-theft recovery systems are supported in your locale. An anti-theft recovery system installed within your car may qualify you for a discount on your auto insurance.

8. Auto Insurance

Auto insurance covers the policyholder against various types of accidents. The most common types of auto insurance that can be purchased include: bodily injury liability, collision and comprehensive, property damage liability, and medical payments.

9. Benefit

The amount paid by an auto insurance carrier to you (or your beneficiaries) when you file a claim.

10. Bodily Injury Liability

Often referred to as "BI", this coverage protects you in the case of injury or death to another person due to an auto accident. It's typically written together with Property Damage Liability (PDL).

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