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| Arlington | | Everyone has different needs, and | | Loss Adjustment Expense: The cost |
| Lake Charles | | not one size fits all when it comes to | | of adjusting losses, excluding the |
| Lexington | | term life insurance. While it may make | | amount of the loss itself. |
| Dayton | | sense for people in their 30s and 40s | | |
| Rome | | to secure a 20-year term length, a | | Building Code: This refers to |
| Boca Raton | | 10-year term might be more | | municipal or other governmental |
| Pembroke Pines | | appropriate for someone nearing | | ordinances regulating the type of |
| Anderson | | retirement. | | construction of buildings within its |
| Canton | | | | jurisdiction. |
| Jacksonville | | While some companies raise their | | |
| Jackson | | prices based on your actual age, | | Book Value: Refers to the value of |
| Arlington | | most companies increase the price of | | assets as shown in the official |
| Lawrenceville | | their policies six months before your | | accounting records of the company. |
| Phoenix | | birthday. Its a term called Age | | |
| Columbus | | Nearest in the industry, and that | | Captive Agent: One who sells |
| Malden | | half-year price increase could really | | insurance for only one company as |
| Fort Lauderdale | | add up over a 20-year term policy. As | | opposed to an agent who represents |
| Cincinnati | | above, the quicker you purchase your | | several companies. |
| Hartford | | policy the better. | | |
| Bakersfield | | | | Burning Ratio: The ratio of losses |
| Hattiesburg | | If you have noticed that your auto | | suffered to the amount of insurance in |
| Fort Wayne | | insurance rates are still increasing | | effect. |
| Kansas City | | with each renewal, or even have not | | |
| Flushing | | gone down even though you have a | | Producer: A term applied to an agent, |
| Kingsport | | great driving record, this lower pricing | | solicitor or other person who sells |
| Bellevue | | trend makes it more important then | | insurance. |
| Bellevue | | ever that you shop around for auto | | |
| Little Rock | | insurance. | | Legislative Risk: A risk faced by |
| Lakeland | | | | investors whereby changes in tax |
| Springfield | | Healthy people have the best | | laws can result in adverse effects on |
| Tallahassee | | mortality risks and thus are much | | the individual's investment results. |
| Burbank | | cheaper for companies to insure. This | | |
| Longview | | translates into lower rates for the | | Business: In Property, Liability, and |
| Springfield | | Super Preferred customer than | | Health lines, it usually refers to the |
| Dothan | | someone with higher risk factors such | | volume of premiums. |
| Billings | | as a heart condition, cancer or | | |
| Florence | | diabetes. Conversely, if you were | | |
| Richmond | | unhealthy when you acquired your | | |
| Hampton | | policy, and your health has now | | |
| Clarksville | | improved, it might be time to shop for | | |
| Vero Beach | | a new policy, as your rates are likely | | |
| Kalamazoo | | to be lower. | | |
