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| Henderson | | If you decide to cancel your policy | | Premium Notice: A form notice from |
| Woodbridge | | (after acquiring new coverage) | | an insurer or agency to a policy |
| Sacramento | | outside of the 30-day period, you may | | owner that a premium will be due on a |
| Denton | | have to pay a fee or penalty. | | given date. |
| Clearwater | | However, you may still save money | | |
| Chesapeake | | after paying the fee if your new policy | | Burning Ratio: The ratio of losses |
| Wilmington | | affords you significant savings. So | | suffered to the amount of insurance in |
| Winter Park | | while it is best to wait until your | | effect. |
| Escondido | | receive your renewal notice, you CAN | | |
| Mountain View | | cancel your policy at any time. | | Premises: The particular location of |
| El Paso | | | | property or a portion thereof as |
| Owensboro | | Why not take advantage of current | | designated in a policy. |
| Wichita | | low prices? Many auto insurance | | |
| Hendersonville | | consumers are becoming educated | | Premium: The price of insurance |
| Saginaw | | on other companies, plans, and rates | | protection for a specified risk for a |
| Edison | | that are available to them; ones that | | specified period of time. |
| El Paso | | could afford them significant savings | | |
| Acworth | | on their auto insurance. | | Agency Contract (or Agreement): The |
| Santa Barbara | | | | document which establishes the legal |
| Macon | | Make sure you have a new policy in | | relationship between an agent and an |
| Lima | | place before you cancel your old one | | insurer. |
| Naperville | | to avoid a lapse in coverage. This will | | |
| Kansas City | | also prevent having to figure out the | | Appraisal: An evaluation of property |
| Houma | | amount of any unused premium that is | | made to ascertain either the |
| Williamsport | | due to you from your old insurance | | appropriate amount of insurance to |
| Detroit | | company, or having to spar with your | | be written or the amount of loss to be |
| Rockford | | agent about exactly when your policy | | paid. |
| Aurora | | was cancelled and how much they | | |
| Alexandria | | owe you. | | Loss Frequency: The number of times |
| Houma | | | | a loss occurs over a specific period |
| Lakeland | | We offer quotes for auto insurance, | | of time. |
| Palm Desert | | life insurance, homeowners | | |
| Wichita | | insurance, health insurance, term life | | Calendar Year Experience: This |
| Fort Lauderdale | | insurance and more. | | measures the premiums and losses |
| Arlington | | | | entered on accounting records during |
| Cherry Hill | | | | the 12-month calendar. |
