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Professional Organizations and Governmental Agencies:

Insurance Information Institute

Insurance Institute for Highway Safety

Consumer.gov

Disaster Safety.org

FEMA

Glossary of Insurance & Financial Terms:

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Accelerated Death Benefits

A life insurance option that pays you while you’re still living, if you become terminally ill, need extreme medical intervention, or must live in a nursing home. The money that is paid to you is deducted from any death benefits paid to your beneficiaries.

Accident & Health Insurance

Coverage in case you are accidentally injured or die. Benefits (with limits) pay for preventative services, medical expenses and catastrophic care.

Actual Cash Value Valuation (ACV)

This valuation method pays for the cost to repair or replace damaged property with like kind and quality, less reasonable deductions for wear and tear, deterioration and economic obsolescence.

Additional Insured

adds the General Contractor and Owner  to your policy. In case the general is named in the lawsuit, and you are responsible for the loss, your insurance company is agreeing to defend and pay up to your policy limits the amount the General would be responsible for. If the General is also responsible for  the loss, then both your policy and the General’s policy will share in the loss, per the policy provisions. Form CG2010 using On Going Operations is used.

Additional Living Expenses