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| Portsmouth | | Make sure you have a new policy in | | Absolute Assignment: Assignment by |
| Pasadena | | place before you cancel your old one | | a policy owner of all control of and |
| Burbank | | to avoid a lapse in coverage. This will | | rights in the policy to a third party. |
| New Orleans | | also prevent having to figure out the | | |
| Racine | | amount of any unused premium that is | | Premises: The particular location of |
| Ocala | | due to you from your old insurance | | property or a portion thereof as |
| Asheville | | company, or having to spar with your | | designated in a policy. |
| Providence | | agent about exactly when your policy | | |
| Pueblo | | was cancelled and how much they | | Brick Veneer Construction: Refers to |
| Jacksonville | | owe you. | | a building where the outside walls are |
| Palm Desert | | | | constructed of wood with a facing of a |
| Tampa | | Healthy people have the best | | single layer of brick. |
| Lafayette | | mortality risks and thus are much | | |
| Fullerton | | cheaper for companies to insure. This | | Valuation Clause: A clause stating the |
| Lexington | | translates into lower rates for the | | value of items for insurance |
| Rockville | | Super Preferred customer than | | purposes, making it a valued policy. |
| Columbus | | someone with higher risk factors such | | |
| Corona | | as a heart condition, cancer or | | Cut Rate: This term generally applies |
| Racine | | diabetes. Conversely, if you were | | to insurance companies who charge |
| Williamsburg | | unhealthy when you acquired your | | premiums below a normal or average |
| Inglewood | | policy, and your health has now | | rate. |
| Oakland | | improved, it might be time to shop for | | |
| Santa Ana | | a new policy, as your rates are likely | | Policy Period (or Term): The period |
| Goldsboro | | to be lower. | | during which the policy contract |
| Youngstown | | | | affords protection, e.g., six months or |
| Portland | | The best time to switch policies is | | one or three years. |
| Omaha | | within one month of receiving your | | |
| Lincoln | | policy renewal from your current | | American Risk and Insurance |
| Bethlehem | | insurer. You can typically cancel your | | Association: An association of |
| Warwick | | policy without any fees or penalties if | | insurance educators and others |
| Las Cruces | | you act within this time period. | | interested in insurance study and |
| Belleville | | | | research. |
| Clinton Township | | Individuals who have 30-year | | |
| Schaumburg | | mortgages might want to consider a | | FICA. Federal Insurance Contributions |
| West Chester | | 30-year term to ensure that the house | | Act: A law imposing a payroll tax to |
| Richmond | | is protected throughout the period of | | assist in funding Social Security |
| West Palm Beach | | the loan. | | benefits. |
