After-Market PartsĪn individual who acts as a representative for the company and sells insurance, usually on a commission basis. Term used to refer to the other party's insurance company. See Claim Examiner or Auto Damage Adjuster. Actuaries keep GEICO profitable and financially stable by setting prices, assessing trends, and determining how much to hold in reserve to pay claims. ActuaryĪ statistician who computes insurance risks and premiums. The fair market value of property technically, replacement cost less depreciation.
With Accident Forgiveness (not available in CA, CT, and MA) on your GEICO auto insurance policy, your insurance rate won't go up as a result of your first at-fault accident.
