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All professions has its own terms and language. until you get to understand these languages, terms and their meanings, you will always be confused on how these profession works. Doctors, Lawyers, Engineers and of course the Insurance companies or others do have different terminologies in their area of expertise and this blog is simply about auto insurance and auto care. So below are some few list of Auto Insurance Glossary terms you can read and understand. A Actual Cash Value: This means fair market value of an item at the time it was damaged, stolen or destroyed. After a loss, your company will review the condition of your car's body, interior, tires, plus additional equipment based on the pre-accident condition of the car. A claim adjuster locates similar models for sale in your area, and uses those prices to determine the Actual Cash Value of your loss car. Actuary This is a specialist in the mathematics of risk, especially as it relates to insurance calculations such a...