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| Dearborn | | The best time to switch policies is | | Index Bureau Experience: A measure |
| Stuart | | within one month of receiving your | | of losses relating to claims reported |
| Portland | | policy renewal from your current | | through a claim office during a |
| San Diego | | insurer. You can typically cancel your | | 12-month period. |
| Chandler | | policy without any fees or penalties if | | |
| Jonesboro | | you act within this time period. | | Claim Report: A report filed by an |
| Chula Vista | | | | agent setting forth the facts of a claim. |
| Cypress | | Healthy people have the best | | Same as Loss Report. |
| Belleville | | mortality risks and thus are much | | |
| Lansing | | cheaper for companies to insure. This | | Burning Ratio: The ratio of losses |
| Orange | | translates into lower rates for the | | suffered to the amount of insurance in |
| Lorain | | Super Preferred customer than | | effect. |
| Florence | | someone with higher risk factors such | | |
| Brooklyn | | as a heart condition, cancer or | | Brokerage Business: Business |
| Phoenix | | diabetes. Conversely, if you were | | offered to an insurer by a broker. This |
| Oklahoma City | | unhealthy when you acquired your | | is sometimes called excess or |
| Jackson | | policy, and your health has now | | surplus business. |
| Orlando | | improved, it might be time to shop for | | |
| Athens | | a new policy, as your rates are likely | | We/Us/Our: These words are used to |
| Honolulu | | to be lower. | | refer to the insurer in many of the |
| Portland | | | | modernized/personalized policy |
| Joliet | | While some companies raise their | | forms recently introduced. |
| Dothan | | prices based on your actual age, | | |
| Kingsport | | most companies increase the price of | | Exclusion: A contractual provision that |
| Abilene | | their policies six months before your | | denies coverage for certain perils, |
| Cincinnati | | birthday. Its a term called Age | | persons, property, or locations. |
| Cherry Hill | | Nearest in the industry, and that | | |
| Gainesville | | half-year price increase could really | | Deductible: The portion of an insured |
| Turlock | | add up over a 20-year term policy. As | | loss to be borne by the insured |
| Harlingen | | above, the quicker you purchase your | | before he is entitled to recovery from |
| Independence | | policy the better. | | the insurer. |
