| | | | |
|
| Anderson | | If you decide to cancel your policy | | Retail Credit Company: The former |
| Elkhart | | (after acquiring new coverage) | | name of Equifax, a credit reporting |
| Rapid City | | outside of the 30-day period, you may | | organization. See Equifax. |
| Chesapeake | | have to pay a fee or penalty. | | |
| Pembroke Pines | | However, you may still save money | | Criticism: A correction suggested by a |
| Providence | | after paying the fee if your new policy | | rating or auditing bureau to an insurer. |
| New Orleans | | affords you significant savings. So | | |
| Columbus | | while it is best to wait until your | | Approved Roof: A term used in |
| Richmond | | receive your renewal notice, you CAN | | building construction. It indicates a |
| Orlando | | cancel your policy at any time. | | roof made of fire-resistive materials, |
| Orange Park | | | | such as tile or asphalt shingles. |
| Bethlehem | | Shopping around is the best way to | | |
| South Bend | | save money on your insurance. | | Absolute Assignment: Assignment by |
| Williamsport | | | | a policy owner of all control of and |
| Canton | | Make sure you have a new policy in | | rights in the policy to a third party. |
| Cypress | | place before you cancel your old one | | |
| Denver | | to avoid a lapse in coverage. This will | | We/Us/Our: These words are used to |
| Salem | | also prevent having to figure out the | | refer to the insurer in many of the |
| Denton | | amount of any unused premium that is | | modernized/personalized policy |
| Denton | | due to you from your old insurance | | forms recently introduced. |
| Cleveland | | company, or having to spar with your | | |
| Torrance | | agent about exactly when your policy | | Federal Deposit Insurance |
| Greenville | | was cancelled and how much they | | Corporation (FDIC): An agency of the |
| Cincinnati | | owe you. | | federal government which insures |
| Florissant | | | | bank deposits up to a stated |
| Honolulu | | If you have noticed that your auto | | maximum. |
| Riverside | | insurance rates are still increasing | | |
| Quincy | | with each renewal, or even have not | | Business: In Property, Liability, and |
| Providence | | gone down even though you have a | | Health lines, it usually refers to the |
| Jackson | | great driving record, this lower pricing | | volume of premiums. |
| Anchorage | | trend makes it more important then | | |
| Riverside | | ever that you shop around for auto | | Submitted Business: Applications for |
| Walnut Creek | | insurance. | | insurance submitted to an insurer but |
| Bayside | | | | not yet acted upon by it. |