Part of buying auto insurance is understanding it. What dose ACV or Comp/Coll mean (etc) how dose it effect the plan you are buying?  In this post and the others to follow we will brake down some of the common auto insurance terms in alphabetical order. So starting with A

* ACV: ACV or Actual cash value is the value of your property, based on the current cost to replace it minus depreciation.

* Adjuster: An adjuster is the person who investigates and settles insurance claims.

* Agent: An agent or in this case and Insurance agent is a person who sells insurance policies.

* Application: The application is a form you fill out with information about you that an insurance company will use to decide whether to issue you a policy and how much to charge.