Auto Body Vocab 16
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Claim | A request for payment for a loss that may come under the terms of an insurance contract are two types of claims. A first party claim is one made by the policyholder for reimbursement by his or her company. A third party claim is one by a person against a
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| Basic Policy | Standard contract for a given policy type before the inclusion of specific riders, endorsements, exclusions or conditions
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| Warranty | Promises made by the insured, which if not kept or untrue, will void the policy
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| Estimator | An appraiser or insurance company representative who inspects a damaged vehicle and determines the cost required to restore the vehicle to the condition prior to the Loss
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| Compressor | Machine used to compress air from atmospheric pressure to a high pressure
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| Alimony | An allowance paid to a person by that person's spouse or former spouse for maintenance, granted by a court upon a legal separation or a divorce or while action is pending
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| Equity | The monetary value of a property or business beyond any amounts owed on it in mortgages, claims, liens
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| Comprehensive | A type of Loss if damage to an insured vehicle results from something other than collision (e.g. fire, hailstorm or vandalism)
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| Determine | To settle or decide (a dispute, question, etc.) by an authoritative or conclusive decision
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| IRS | Internal Revenue Service, the division of the U.S. Department of the Treasury that collects internal revenue, including income taxes and excise taxes, and that enforces revenue laws
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