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| St. Paul | | The best time to switch policies is | | Inspection: Independent checking on |
| Pasadena | | within one month of receiving your | | facts about an applicant, |
| Burbank | | policy renewal from your current | | policyholder, or claimant, usually by a |
| Savannah | | insurer. You can typically cancel your | | commercial inspection agency. |
| Grand Prairie | | policy without any fees or penalties if | | |
| Eugene | | you act within this time period. | | Partnership: A business enterprise |
| Santa Barbara | | | | owned and operated by two or more |
| Erie | | The quickest and easiest way to | | persons for the purpose of generating |
| Wilmington | | shop for new insurance is by | | business income and profits. |
| Costa Mesa | | comparing rates at InsWebs online | | |
| Yuma | | marketplace. If you do it the | | Convention Values: Values assigned |
| San Jose | | old-fashioned way (by calling or | | to insurers' assets in the convention |
| Billings | | visiting multiple agents or insurance | | blank. |
| Santa Barbara | | companies) it could take up a huge | | |
| Birmingham | | chunk of your time, which no one | | Broker-Agent: One acting as an agent |
| Bradenton | | wants or needs. By completing | | of one or more insurers and as a |
| High Point | | InsWebs online application, you will | | broker in dealing with one or more |
| Indianapolis | | have rates to compare to your old | | other insurers. |
| Walnut Creek | | ones within minutes! | | |
| Worcester | | | | Claim Expense: The expense of |
| Biloxi | | Shopping around is the best way to | | adjusting a claim, such as |
| Jacksonville | | save money on your insurance. | | investigation and attorneys' fees. It |
| Irving | | | | does not include the cost of the claim |
| Rockford | | Healthy people have the best | | itself. |
| Savannah | | mortality risks and thus are much | | |
| Chula Vista | | cheaper for companies to insure. This | | Deductible: The portion of an insured |
| Santa Barbara | | translates into lower rates for the | | loss to be borne by the insured |
| Athens | | Super Preferred customer than | | before he is entitled to recovery from |
| Grand Junction | | someone with higher risk factors such | | the insurer. |
| Denton | | as a heart condition, cancer or | | |
| Oceanside | | diabetes. Conversely, if you were | | Depreciation: A decrease in the value |
| Bay City | | unhealthy when you acquired your | | of any type of tangible property over |
| Portland | | policy, and your health has now | | a period of time resulting from use, |
| Elkhart | | improved, it might be time to shop for | | wear and tear, or obsolescence. |
| Lakeland | | a new policy, as your rates are likely | | |
| Palm Harbor | | to be lower. | | |
