Terms
and Definitions
COMPREHENSIVE
Covers damage to your vehicle
caused by flood, fire, theft, vandalism, lightning, explosion,
windstorm, hail and earthquake. It also covers glass breakage
and loss by collision with a bird or animal, falling object or
missile.
COLLISION
Covers damage to your vehicle caused by collision
with another vehicle or object or the overturn of your vehicle.
DESIGNATED
AGENT
Any person working on behalf of the State that
is duly authorized by a State agency, Board or Commission to operate
a State owned vehicle.
ACTUAL
CASH VALUE (ACV)
Actual cash value is the value after depreciation
is applied to the replacement cost of the vehicle. The age, condition
and mileage can also affect the value of the vehicle.
