What does U1 mean on insurance card?

What does U1 mean on insurance card?

Uninsured Motor Vehicle Coverage (U and U1) Coverage U pays damages when an insured is injured in a car accident caused by another person who does not have any liability insurance.

When an insurance company says that a car is totaled What does that mean choose the best answer?

If your insurance company says your car is a total loss (AKA totaled), it means the cost of repairing your vehicle is more (or close) than the car’s value. Your insurance company will pay you to replace the vehicle instead of repairing your totaled one. Feb 3, 2022

How is apple cider vinegar calculated for insurance?

Actual cash value (ACV) is a way to determine the value of your business property that’s getting repaired or replaced after covered damage. Insurance companies calculate ACV by subtracting the depreciation from an item’s replacement cost value.