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| Carlsbad | | The best time to switch policies is | | American Risk and Insurance |
| Fayetteville | | within one month of receiving your | | Association: An association of |
| Panama City | | policy renewal from your current | | insurance educators and others |
| Santa Barbara | | insurer. You can typically cancel your | | interested in insurance study and |
| Florence | | policy without any fees or penalties if | | research. |
| Burbank | | you act within this time period. | | |
| St. Joseph | | | | Exclusion: A contractual provision that |
| Littleton | | At InsWeb, you can compare free | | denies coverage for certain perils, |
| Boynton Beach | | online insurance quotes from many of | | persons, property, or locations. |
| Myrtle Beach | | the nations leading insurance | | |
| Pembroke Pines | | companies. | | Gross Premium: The net premium |
| Corona | | | | plus operating expenses, |
| Rockville | | Everyone has different needs, and | | commissions and other expenses. |
| Zanesville | | not one size fits all when it comes to | | |
| Stuart | | term life insurance. While it may make | | Incurred Expense: Expenses not yet |
| Bakersfield | | sense for people in their 30s and 40s | | paid. Can also include paid |
| Seattle | | to secure a 20-year term length, a | | expenses in some accounting |
| Waco | | 10-year term might be more | | systems. |
| Athens | | appropriate for someone nearing | | |
| Winter Haven | | retirement. | | Agent's Balance: A periodic |
| Oceanside | | | | statement of the sums due and owed |
| Pasadena | | Make sure you have a new policy in | | to an agent under the agent's contract |
| Milwaukee | | place before you cancel your old one | | with an insurer. |
| Gaithersburg | | to avoid a lapse in coverage. This will | | |
| Mansfield | | also prevent having to figure out the | | Policy Period (or Term): The period |
| Sunnyvale | | amount of any unused premium that is | | during which the policy contract |
| Cranston | | due to you from your old insurance | | affords protection, e.g., six months or |
| Texarkana | | company, or having to spar with your | | one or three years. |
| Erie | | agent about exactly when your policy | | |
| Kansas City | | was cancelled and how much they | | Borderline Risk: An insurance |
| Acworth | | owe you. | | prospect of doubtful quality from an |
| Honolulu | | | | underwriting point of view. |
| Lakeland | | Why not take advantage of current | | |
| Cookeville | | low prices? Many auto insurance | | Claim Expense: The expense of |
| Lawton | | consumers are becoming educated | | adjusting a claim, such as |
| Lowell | | on other companies, plans, and rates | | investigation and attorneys' fees. It |
| St. Louis | | that are available to them; ones that | | does not include the cost of the claim |
| Joliet | | could afford them significant savings | | itself. |
| Sacramento | | on their auto insurance. | | |
