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| Kalamazoo | | If you decide to cancel your policy | | Losses Incurred: The total losses, |
| Texarkana | | (after acquiring new coverage) | | whether paid or not, sustained by an |
| Trenton | | outside of the 30-day period, you may | | insurer during a given period, e.g., 12 |
| Cambridge | | have to pay a fee or penalty. | | months. |
| Littleton | | However, you may still save money | | |
| Aurora | | after paying the fee if your new policy | | Indemnity: Restoration to the victim of |
| Fort Wayne | | affords you significant savings. So | | a loss by payment, repair, or |
| Phoenix | | while it is best to wait until your | | replacement. |
| Panama City | | receive your renewal notice, you CAN | | |
| Owensboro | | cancel your policy at any time. | | Sherman Antitrust Act: An antitrust law |
| Owensboro | | | | from which insurance is exempted to |
| Hartford | | While some companies raise their | | the extent that it is regulated by state |
| Biloxi | | prices based on your actual age, | | law. |
| Lawrenceville | | most companies increase the price of | | |
| St. Joseph | | their policies six months before your | | Admitted (or Allowed) Assets: Assets |
| Brooklyn | | birthday. Its a term called Age | | whose values are permitted by state |
| Tallahassee | | Nearest in the industry, and that | | law to be included in the annual |
| Marietta | | half-year price increase could really | | statement of the insurer. |
| Huntington | | add up over a 20-year term policy. As | | |
| Corona | | above, the quicker you purchase your | | Divided Cover: The placing of |
| Cypress | | policy the better. | | insurance on a given subject or |
| Jackson | | | | object with more than one insurer. |
| Reading | | Make sure you have a new policy in | | |
| Charlotte | | place before you cancel your old one | | Provisional Rate: Tentative rates, |
| Clinton Township | | to avoid a lapse in coverage. This will | | premiums or commissions that are |
| Vero Beach | | also prevent having to figure out the | | subject to subsequent adjustment. |
| Hampton | | amount of any unused premium that is | | See Commission and Premium. |
| Florence | | due to you from your old insurance | | |
| Kansas City | | company, or having to spar with your | | Preferred Risk: Any risk considered |
| Joliet | | agent about exactly when your policy | | to be better than the standard risk on |
| Billings | | was cancelled and how much they | | which the premium rate was |
| Boynton Beach | | owe you. | | calculated. |
