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| Flint | | While some companies raise their | | Director of Insurance: A title used in |
| Palo Alto | | prices based on your actual age, | | some states for the head of the |
| Lake Worth | | most companies increase the price of | | department of insurance. |
| Evanston | | their policies six months before your | | |
| Fort Smith | | birthday. Its a term called Age | | Underinsurance: A condition in which |
| Trenton | | Nearest in the industry, and that | | not enough insurance is carried to |
| Tampa | | half-year price increase could really | | cover the insurable value. |
| Zanesville | | add up over a 20-year term policy. As | | |
| Malden | | above, the quicker you purchase your | | Brokerage Department: A department |
| Boise | | policy the better. | | of an insurer whose purpose is to |
| Baltimore | | | | deal with brokers in the placing of |
| Orange | | Individuals who have 30-year | | insurance. |
| Columbus | | mortgages might want to consider a | | |
| Baton Rouge | | 30-year term to ensure that the house | | Broker-Agent: One acting as an agent |
| Venice | | is protected throughout the period of | | of one or more insurers and as a |
| Birmingham | | the loan. | | broker in dealing with one or more |
| Stockbridge | | | | other insurers. |
| Duluth | | If you decide to cancel your policy | | |
| St. Louis | | (after acquiring new coverage) | | Net Loss: The amount of loss |
| Mesa | | outside of the 30-day period, you may | | sustained by an insurer after giving |
| Denver | | have to pay a fee or penalty. | | effect to all applicable reinsurance, |
| Raleigh | | However, you may still save money | | salvage, and subrogation recoveries. |
| Midland | | after paying the fee if your new policy | | |
| Cincinnati | | affords you significant savings. So | | Level Commission System: A system |
| Lake Worth | | while it is best to wait until your | | of commissions in which the first year |
| Redlands | | receive your renewal notice, you CAN | | and all renewal commissions are the |
| Lancaster | | cancel your policy at any time. | | same percentage of the premium. |
