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| Denton | | The best time to switch policies is | | Line of Business: The classification of |
| Long Beach | | within one month of receiving your | | business as utilized in the insurance |
| Roanoke | | policy renewal from your current | | industry, e.g., Fire, Allied Lines and |
| Longview | | insurer. You can typically cancel your | | Homeowners. |
| Ann Arbor | | policy without any fees or penalties if | | |
| Columbus | | you act within this time period. | | Admitted (or Allowed) Assets: Assets |
| Palo Alto | | | | whose values are permitted by state |
| Southfield | | At InsWeb, you can compare free | | law to be included in the annual |
| Cape Coral | | online insurance quotes from many of | | statement of the insurer. |
| Portland | | the nations leading insurance | | |
| Indianapolis | | companies. | | Tickler: A reminder system used to |
| Stuart | | | | call an individual's attention to actions |
| Ann Arbor | | If you decide to cancel your policy | | that must be taken at a future point in |
| Tyler | | (after acquiring new coverage) | | time. |
| Aurora | | outside of the 30-day period, you may | | |
| Manchester | | have to pay a fee or penalty. | | Nonassignable: A policy that the |
| Reno | | However, you may still save money | | owner cannot assign to a third party. |
| Sarasota | | after paying the fee if your new policy | | Most policies are nonassignable |
| Dayton | | affords you significant savings. So | | unless approval is given by the |
| Dayton | | while it is best to wait until your | | insurer. |
| Johnstown | | receive your renewal notice, you CAN | | |
| Glendale | | cancel your policy at any time. | | Book Value: Refers to the value of |
| Henderson | | | | assets as shown in the official |
| Cedar Rapids | | The quickest and easiest way to | | accounting records of the company. |
| Texarkana | | shop for new insurance is by | | |
| Cleveland | | comparing rates at InsWebs online | | Theory of Probability: The |
| Duluth | | marketplace. If you do it the | | mathematical principle upon which |
| Pittsburgh | | old-fashioned way (by calling or | | insurance is based. |
| Decatur | | visiting multiple agents or insurance | | |
| Harrisburg | | companies) it could take up a huge | | Buy-Back" Deductible: A deductible |
| Vancouver | | chunk of your time, which no one | | which may be eliminated for an |
| Worcester | | wants or needs. By completing | | additional premium in order to |
| Flint | | InsWebs online application, you will | | provide "first-dollar" coverage. |
| Cleveland | | have rates to compare to your old | | |
| Pembroke Pines | | ones within minutes! | | |
