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| Kansas City | | The best time to switch policies is | | Independent Agent: An agent |
| Daytona Beach | | within one month of receiving your | | operating as an independent |
| Palm Harbor | | policy renewal from your current | | contractor under the independent |
| Tyler | | insurer. You can typically cancel your | | agency system. |
| Philadelphia | | policy without any fees or penalties if | | |
| Grand Prairie | | you act within this time period. | | Policywriting Agent: An agent who has |
| Longmont | | | | the authority to prepare and effect an |
| Mobile | | Individuals who have 30-year | | insurer's policy. |
| Macon | | mortgages might want to consider a | | |
| Oklahoma City | | 30-year term to ensure that the house | | Premium Notice: A form notice from |
| Bloomington | | is protected throughout the period of | | an insurer or agency to a policy |
| Rochester | | the loan. | | owner that a premium will be due on a |
| Sioux City | | | | given date. |
| Dayton | | Make sure you have a new policy in | | |
| Biloxi | | place before you cancel your old one | | Loss Frequency: The number of times |
| St. Joseph | | to avoid a lapse in coverage. This will | | a loss occurs over a specific period |
| Odessa | | also prevent having to figure out the | | of time. |
| Lafayette | | amount of any unused premium that is | | |
| Springfield | | due to you from your old insurance | | Policy Period (or Term): The period |
| Athens | | company, or having to spar with your | | during which the policy contract |
| Fort Lauderdale | | agent about exactly when your policy | | affords protection, e.g., six months or |
| Santa Rosa | | was cancelled and how much they | | one or three years. |
| Jacksonville | | owe you. | | |
| Edison | | | | Retrospective Premium: The final |
| Hickory | | Healthy people have the best | | premium in a retrospective rating |
| Chicago | | mortality risks and thus are much | | plan. See Retrospective Rating. |
| Syracuse | | cheaper for companies to insure. This | | |
| Wichita Falls | | translates into lower rates for the | | Adjustment Bureau: A firm organized |
| Lake Worth | | Super Preferred customer than | | to provide adjustment services to |
| San Diego | | someone with higher risk factors such | | insurers not wishing to create their |
| Fort Myers | | as a heart condition, cancer or | | own claims division. |
| Anderson | | diabetes. Conversely, if you were | | |
| Huntsville | | unhealthy when you acquired your | | Calendar Year Experience: This |
| Clinton Township | | policy, and your health has now | | measures the premiums and losses |
| Lawton | | improved, it might be time to shop for | | entered on accounting records during |
| Long Beach | | a new policy, as your rates are likely | | the 12-month calendar. |
| Bakersfield | | to be lower. | | |
