Term
| HLDI (Highway Loss Data Institute) |
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Definition
| Gathers, compiles, and publishes data regarding insurance loss variations among different makes, models and kinds of vehicles. |
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Term
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Definition
| Refers to the vehicle design engineering that reduces or eliminates injury in an auto accident. |
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Term
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Definition
| One body. The body of a car acts as it's frame. |
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Term
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Definition
| Received from insurors when insureds practice loss control and risk management techniques, such as seat belts and child proof door locks. |
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Term
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Definition
| Loss reduction devices also called Supplement Restraint Systems designed to inflate in crashes. |
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Term
| Vin or Vehicle Indentification Number |
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Definition
| 17 digit serial number unique to each vehicle. |
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Term
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Definition
| A vehicle at least 25 years old whose use is usally restricted to parades and exhibitions |
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Term
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Definition
| A vehicle that is a least 10 years old and has a higher average value that other auto's of same make and model year. |
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Term
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Definition
| A vehicle that has sustained damage which exceeds it's actual cash value |
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Term
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Definition
| Replaces the regular vehicle title when it has sustained damages which exceeds it's value |
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Term
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Definition
| Inclination people in a group have for submitting insurance claims |
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