Actual Cash Value (ACV)
Cost to repair or replace damaged property with materials of like kind and quality, less depreciation
Additional Insured
A person or organization for whom insured status is arranged by endorsement
Aggregate
The maximum amount an insurance company will pay during the policy
Application
A form with the information needed for an insurance company to underwrite and rate a specific policy
Automobile
A land motor vehicle, trailer or semi-trailer designed for travel on public
roads, not including "mobile equipment"
