| | | | |
|
| Knoxville | | The quickest and easiest way to | | Losses Outstanding: A summary |
| Myrtle Beach | | shop for new insurance is by | | statement prepared by Property, Life, |
| Warwick | | comparing rates at InsWebs online | | and Liability insurers showing claims |
| Lima | | marketplace. If you do it the | | not yet settled. |
| St. Louis | | old-fashioned way (by calling or | | |
| Vero Beach | | visiting multiple agents or insurance | | Burning Ratio: The ratio of losses |
| Fayetteville | | companies) it could take up a huge | | suffered to the amount of insurance in |
| Panama City | | chunk of your time, which no one | | effect. |
| Lafayette | | wants or needs. By completing | | |
| San Antonio | | InsWebs online application, you will | | Preferred Risk: Any risk considered |
| Boise | | have rates to compare to your old | | to be better than the standard risk on |
| Kingsport | | ones within minutes! | | which the premium rate was |
| Fort Collins | | | | calculated. |
| Dearborn | | Make sure you have a new policy in | | |
| Bayside | | place before you cancel your old one | | Absolute Assignment: Assignment by |
| Columbus | | to avoid a lapse in coverage. This will | | a policy owner of all control of and |
| Miami | | also prevent having to figure out the | | rights in the policy to a third party. |
| Chicago | | amount of any unused premium that is | | |
| Savannah | | due to you from your old insurance | | Net Retention: The amount of |
| Muskegon | | company, or having to spar with your | | insurance that a ceding company |
| Mesquite | | agent about exactly when your policy | | keeps for its own account and does |
| Portsmouth | | was cancelled and how much they | | not reinsure. |
| Ventura | | owe you. | | |
| West Palm Beach | | | | Insurance Policy: The printed form |
| Columbia | | While some companies raise their | | which serves as the contract between |
| Dallas | | prices based on your actual age, | | an insurer and an insured. |
| Anderson | | most companies increase the price of | | |
| Waterloo | | their policies six months before your | | Index Bureau Experience: A measure |
| Pensacola | | birthday. Its a term called Age | | of losses relating to claims reported |
| Nashua | | Nearest in the industry, and that | | through a claim office during a |
| Joliet | | half-year price increase could really | | 12-month period. |
| West Palm Beach | | add up over a 20-year term policy. As | | |
| Honolulu | | above, the quicker you purchase your | | Agency Contract (or Agreement): The |
| South Bend | | policy the better. | | document which establishes the legal |
| Lafayette | | | | relationship between an agent and an |
| New York | | | | insurer. |
