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Property Damage Liability
A component of auto insurance that covers damage you, as the driver, might cause to another person's property.
Underinsured Driver
A motorist who has insurance coverage, but not enough to cover the full costs of a claim from an accident.
Depreciation Rate
The rate at which an asset loses its value over time, often used for accounting and tax purposes.
ABS
Stands for Anti-lock Braking System, a safety feature in vehicles that prevents the wheels from locking up during braking, ensuring the driver maintains steering control.
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