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| Winter Park | | The quickest and easiest way to | | Nonadmitted Insurer: An insurer not |
| Acworth | | shop for new insurance is by | | licensed to do business in the |
| Grand Prairie | | comparing rates at InsWebs online | | jurisdiction in question. Same as |
| Burbank | | marketplace. If you do it the | | Unauthorized Insurer and Unlicensed |
| Denver | | old-fashioned way (by calling or | | Insurer. |
| Sacramento | | visiting multiple agents or insurance | | |
| Boulder | | companies) it could take up a huge | | Policy Anniversary: The anniversary |
| Boca Raton | | chunk of your time, which no one | | of the date of issue of a policy as |
| Little Rock | | wants or needs. By completing | | shown in the policy declarations. |
| Reno | | InsWebs online application, you will | | |
| Poughkeepsie | | have rates to compare to your old | | Commercial Lines: This term is used |
| Reading | | ones within minutes! | | to refer to insurance for businesses, |
| St. Paul | | | | professionals, and commercial |
| Mansfield | | The best time to switch policies is | | establishments. |
| Washington | | within one month of receiving your | | |
| Denton | | policy renewal from your current | | Loss Adjustment Expense: The cost |
| Albany | | insurer. You can typically cancel your | | of adjusting losses, excluding the |
| Erie | | policy without any fees or penalties if | | amount of the loss itself. |
| Tampa | | you act within this time period. | | |
| Stamford | | | | Sole Proprietorship: A business |
| Hendersonville | | If you decide to cancel your policy | | enterprise owned by one person who |
| Southfield | | (after acquiring new coverage) | | is its manager and employee. |
| Kingsport | | outside of the 30-day period, you may | | |
| Santa Ana | | have to pay a fee or penalty. | | Liquidity: The ability of an insurer to |
| New Orleans | | However, you may still save money | | convert its assets into cash to pay |
| Lake Worth | | after paying the fee if your new policy | | claims if necessary. |
| Nashville | | affords you significant savings. So | | |
| Venice | | while it is best to wait until your | | Underwriters Laboratories, Inc. (UL): A |
| Schaumburg | | receive your renewal notice, you CAN | | testing laboratory for manufactured |
| Salt Lake City | | cancel your policy at any time. | | items to determine their safety |
| Valdosta | | | | propensities. |
| Houston | | While some companies raise their | | |
| Salem | | prices based on your actual age, | | Appraisal: An evaluation of property |
| Waterloo | | most companies increase the price of | | made to ascertain either the |
| Erie | | their policies six months before your | | appropriate amount of insurance to |
| Asheville | | birthday. Its a term called Age | | be written or the amount of loss to be |
| Boca Raton | | Nearest in the industry, and that | | paid. |
| Boca Raton | | half-year price increase could really | | |
| Baltimore | | add up over a 20-year term policy. As | | |
| Huntington Beach | | above, the quicker you purchase your | | |
| Chesapeake | | policy the better. | | |
