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Accident Forgiveness

In most states, if you've been accident-free for three to five years, you may qualify for GEICO's Accident Forgiveness program*. That means we won't add a surcharge to your after your next at-fault accident and you'll get to keep any of the good driver discounts you've earned.

* Eligibility for GEICO's Accident Forgiveness program is determined by your specific policy type, as well as your state laws and regulations.

Actual Cash Value

The fair market value of property; technically, replacement cost less .

Actuary

A statistician who computes insurance risks and . Actuaries keep GEICO profitable and financially stable by setting prices, assessing trends, and determining how much to hold in reserve to pay claims.

Adjuster

See or .

Adverse Carrier

Term used to refer to the other party's insurance company.

After-Market Parts

See .

Agent

An individual who acts as a representative for the company and sells insurance, usually on a commission basis. This individual could be an 'exclusive' or 'non-exclusive' agent.

Agreed Price

The price or cost of repairs agreed to by the or and the body shop representative.

Amendment

A change to the basic policy contract. An amendment alters the policy; an adds to it.

Anti-lock Braking System (ABS)

A computer-controlled high pressure system that assists the vehicle's normal braking system. ABS allows all wheels to slow at the same rate, thereby preventing loss of control.

Anti-Theft Device

A device that deters auto theft. Autos equipped with these devices may entitle you to a on your insurance .

Appraisal

Process that determines the value of property, or the extent of damage, usually performed by an impartial expert.

Arbitration

A process of settling a dispute through an impartial party. It is used as an alternative to litigation.

Assigned Risk (AIP)

A driver or vehicle owner who cannot qualify for insurance in the regular market. 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.

Assured

Means the same as an, , or someone who has an insurance .

At-Fault

The party that is legally liable for the damages in an accident.

Auto Damage (AD)

Division of the claims department that handles auto .

Auto Damage Adjuster

The auto damage adjuster is responsible for writing the repair estimate for your vehicle. This adjuster will also answer your questions about the repair process, your rental vehicle, or your total loss settlement.

Auto Insurance

Auto Insurance provides protection from losses resulting from owning and operating an auto. 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.