| | | | |
|
| Hendersonville | | The best time to switch policies is | | Incurred Expense: Expenses not yet |
| Portland | | within one month of receiving your | | paid. Can also include paid |
| Jackson | | policy renewal from your current | | expenses in some accounting |
| Vancouver | | insurer. You can typically cancel your | | systems. |
| Florence | | policy without any fees or penalties if | | |
| Melbourne | | you act within this time period. | | Renewal: The reestablishment of the |
| Littleton | | | | in-force status of a policy, the term of |
| Indianapolis | | While some companies raise their | | which has expired or will expire |
| Augusta | | prices based on your actual age, | | unless it is renewed. |
| Abilene | | most companies increase the price of | | |
| Montgomery | | their policies six months before your | | Depreciation: A decrease in the value |
| Greenville | | birthday. Its a term called Age | | of any type of tangible property over |
| Raleigh | | Nearest in the industry, and that | | a period of time resulting from use, |
| Venice | | half-year price increase could really | | wear and tear, or obsolescence. |
| Henderson | | add up over a 20-year term policy. As | | |
| San Diego | | above, the quicker you purchase your | | Indemnity: Restoration to the victim of |
| Vero Beach | | policy the better. | | a loss by payment, repair, or |
| Portsmouth | | | | replacement. |
| Dayton | | Make sure you have a new policy in | | |
| Gainesville | | place before you cancel your old one | | Losses Outstanding: A summary |
| Franklin | | to avoid a lapse in coverage. This will | | statement prepared by Property, Life, |
| Fayetteville | | also prevent having to figure out the | | and Liability insurers showing claims |
| Melbourne | | amount of any unused premium that is | | not yet settled. |
| Kansas City | | due to you from your old insurance | | |
| Fort Myers | | company, or having to spar with your | | Producer: A term applied to an agent, |
| Santa Monica | | agent about exactly when your policy | | solicitor or other person who sells |
| Hemet | | was cancelled and how much they | | insurance. |
| Pasadena | | owe you. | | |
| Kingsport | | | | Absolute Assignment: Assignment by |
| St. Paul | | People who are trying to quit | | a policy owner of all control of and |
| Greeley | | smoking, for example, might be best | | rights in the policy to a third party. |
| Lancaster | | suited purchasing a shorter term (and | | |
| Irving | | then replacing it with a longer term | | Professional Insurance Agents |
| Oakland | | policy when they qualify for | | Association: A trade association of |
| Mesquite | | non-tobacco prices). | | mutual insurance agents. |
