Insurance Glossary

Insurance Glossary of Terms you should know:

 

DISAPPEARING DEDUCTIBLE

The longer you go accident free the cheaper your deductible will be if you were to ever get into an accident.

ACCIDENT FORGIVENESS

Don’t get penalized for getting in your first accident. Why should your rate go up?

ACTUAL CASH VALUE AND REPLACEMENT COST

If there is ever an accident, what will you get paid back to you from your coverage?

 

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