| | | | |
|
| Norfolk | | The quickest and easiest way to | | Fiduciary: A person holding the funds |
| Boise | | shop for new insurance is by | | or property of another in a position of |
| Worcester | | comparing rates at InsWebs online | | trust. An example would be the |
| Escondido | | marketplace. If you do it the | | executor of an estate. |
| Hartford | | old-fashioned way (by calling or | | |
| Mansfield | | visiting multiple agents or insurance | | Public Adjuster: An insurance adjuster |
| Durham | | companies) it could take up a huge | | who represents an insured on a fee |
| Santa Rosa | | chunk of your time, which no one | | basis in claims settlement. Contrast |
| Grand Prairie | | wants or needs. By completing | | with Independent Adjuster. |
| Englewood | | InsWebs online application, you will | | |
| Goldsboro | | have rates to compare to your old | | Divided Cover: The placing of |
| Duluth | | ones within minutes! | | insurance on a given subject or |
| Florissant | | | | object with more than one insurer. |
| Vineland | | Everyone has different needs, and | | |
| Lansing | | not one size fits all when it comes to | | Open Rating: A system whereby a |
| Brooklyn | | term life insurance. While it may make | | state allows an insurer to use rates |
| Mountain View | | sense for people in their 30s and 40s | | without prior approval. |
| Madison | | to secure a 20-year term length, a | | |
| Newport News | | 10-year term might be more | | Partial Loss: A loss covered by an |
| Athens | | appropriate for someone nearing | | insurance policy which does not |
| Springfield | | retirement. | | completely destroy or render |
| Livonia | | | | worthless the insured property. |
| Plano | | Healthy people have the best | | |
| Quincy | | mortality risks and thus are much | | Independent Contractor: One who |
| Rapid City | | cheaper for companies to insure. This | | agrees to perform according to a |
| Springfield | | translates into lower rates for the | | contract and who is not an employee. |
| Charlotte | | Super Preferred customer than | | |
| Palo Alto | | someone with higher risk factors such | | Preferred Risk: Any risk considered |
| Boca Raton | | as a heart condition, cancer or | | to be better than the standard risk on |
| San Diego | | diabetes. Conversely, if you were | | which the premium rate was |
| Montgomery | | unhealthy when you acquired your | | calculated. |
| Minneapolis | | policy, and your health has now | | |
| Santa Clara | | improved, it might be time to shop for | | Admitted Company: An insurance |
| Union | | a new policy, as your rates are likely | | company authorized and licensed to |
| St. Joseph | | to be lower. | | do business in a given state. |
