![]() Comparative NegligenceĪ doctrine of law that, in some states, may enable claimants to recover a portion of their damages even when they are partially at fault, or negligent. This coverage is subject to the terms, limits and conditions of your policy contract. Pays for damage to an insured vehicle when it hits or is hit by another car or object, or if the car overturns. CLUE ® ReportĬomprehensive Loss Underwriting Exchange (CLUE) report provides claim history information. Claim ExaminerĪ person responsible for investigating and settling a claim. ClaimĪny request or demand for payment under the terms of the insurance policy. It certifies that he or she is satisfied with the vehicle operations, appearance, and visible quality of the repairs. Certificate of Financial Responsibility (CFR)Ī form signed by the insured when he or she takes delivery of the car from the repairer. Hurricanes, floods, tornadoes, and even large hailstorms are typical examples of catastrophes. Catastrophes often cause injury or even death most result in extensive property damage. CatastropheĪ disaster affecting a specific geographic area. Termination of an insurance contract before the end of the policy period, by the insured or insurer. ![]() Pays damages for bodily injury or death resulting from an accident for which you are at fault and in most cases provides you with a legal defense. Bodily InjuryĪn injury sustained by a person. Used in certain cases to protect a policyholder when it is not possible to issue or endorse the policy immediately. BinderĪ temporary agreement declaring that the policy is in effect. Other companies in the Berkshire Hathaway group are listed at the Berkshire-Hathaway website. The theft of an auto is a type of loss that is covered under comprehensive coverage. All work is guaranteed for as long as you own the vehicle. Rental vehicle arrangements are available on-site through Enterprise Rent-A-Car. Shop Representatives are on site to facilitate the repair process. It allows you to complete your vehicle's repair process at one location. ![]() GEICO program that maximizes convenience. The insurance covers losses to the insured's property and losses for which the insured is liable as a result of owning or operating an auto. Auto InsuranceĪuto Insurance provides protection from losses resulting from owning and operating an auto. This adjuster will also answer your questions about the repair process, your rental vehicle, or your total loss settlement. ![]() The auto damage adjuster is responsible for writing the repair estimate for your vehicle. Auto Damage (AD)ĭivision of the claims department that handles auto claims. The party that is legally liable for the damages in an accident. Means the same as an insured, policyholder, or someone who has an insurance policy. He or she must get coverage through a state assigned risk plan which specifies that each company must accept a proportionate share of these drivers/owners. Assigned Risk (AIP)Ī driver or vehicle owner who cannot qualify for insurance in the regular market. It is used as an alternative to litigation. ArbitrationĪ process of settling a dispute through an impartial party. Process that determines the value of property, or the extent of damage, usually performed by an impartial expert. Autos equipped with these devices may entitle you to a discount on your insurance premiums. Anti-Theft DeviceĪ device that deters auto theft. ABS allows all wheels to slow at the same rate, thereby preventing loss of control. ![]() Anti-lock Braking System (ABS)Ī computer-controlled high pressure system that assists the vehicle's normal braking system. An amendment alters the policy an endorsement adds to it. AmendmentĪ change to the basic policy contract. The price or cost of repairs agreed to by the AD (auto damage) adjuster or independent appraiser and the body shop representative. This individual could be an 'exclusive' or 'non-exclusive' agent. After-Market PartsĪn individual who acts as a representative for the company and sells insurance, usually on a commission basis. Term used to refer to the other party's insurance company. See Claim Examiner or Auto Damage Adjuster. Actuaries keep GEICO profitable and financially stable by setting prices, assessing trends, and determining how much to hold in reserve to pay claims. ActuaryĪ statistician who computes insurance risks and premiums. The fair market value of property technically, replacement cost less depreciation. With Accident Forgiveness (not available in CA, CT, and MA) on your GEICO auto insurance policy, your insurance rate won't go up as a result of your first at-fault accident. ![]()
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