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| Philadelphia | | While some companies raise their | | Effective Date: The date on which the |
| Biloxi | | prices based on your actual age, | | protection of an insurance policy or |
| Venice | | most companies increase the price of | | bond goes into effect. |
| Lake Worth | | their policies six months before your | | |
| Tucson | | birthday. Its a term called Age | | American Risk and Insurance |
| Houston | | Nearest in the industry, and that | | Association: An association of |
| Schaumburg | | half-year price increase could really | | insurance educators and others |
| Palo Alto | | add up over a 20-year term policy. As | | interested in insurance study and |
| Bloomington | | above, the quicker you purchase your | | research. |
| Fort Smith | | policy the better. | | |
| Peoria | | | | Short-Term Policy: A policy written for |
| Boulder | | If you decide to cancel your policy | | a period of less time than is normal for |
| Green Bay | | (after acquiring new coverage) | | that type of policy. |
| Goldsboro | | outside of the 30-day period, you may | | |
| Muskegon | | have to pay a fee or penalty. | | Standard Industry Code (SIC): This is |
| Amarillo | | However, you may still save money | | a coding system which assigns |
| Lafayette | | after paying the fee if your new policy | | separate codes for different types of |
| Oceanside | | affords you significant savings. So | | industries. |
| Spartanburg | | while it is best to wait until your | | |
| Boca Raton | | receive your renewal notice, you CAN | | Deductible: The portion of an insured |
| Springfield | | cancel your policy at any time. | | loss to be borne by the insured |
| Evansville | | | | before he is entitled to recovery from |
| New York | | The best time to switch policies is | | the insurer. |
| Springfield | | within one month of receiving your | | |
| Lawrenceville | | policy renewal from your current | | Nonadmitted Insurer: An insurer not |
| Scottsdale | | insurer. You can typically cancel your | | licensed to do business in the |
| Tyler | | policy without any fees or penalties if | | jurisdiction in question. Same as |
| Salt Lake City | | you act within this time period. | | Unauthorized Insurer and Unlicensed |
| Stamford | | | | Insurer. |
| Myrtle Beach | | At InsWeb, you can compare free | | |
| Stockton | | online insurance quotes from many of | | Policywriting Agent: An agent who has |
| Harlingen | | the nations leading insurance | | the authority to prepare and effect an |
| Abilene | | companies. | | insurer's policy. |
