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| Downey | | If you decide to cancel your policy | | Basic Rate: The manual rate from |
| Oklahoma City | | (after acquiring new coverage) | | which discounts are taken or to which |
| Monroe | | outside of the 30-day period, you may | | charges are added to reflect the |
| Newport News | | have to pay a fee or penalty. | | individual circumstances of a risk. |
| Huntington | | However, you may still save money | | |
| Irvine | | after paying the fee if your new policy | | Not Taken: Policies applied for and |
| Springfield | | affords you significant savings. So | | issued but rejected by the proposed |
| Durham | | while it is best to wait until your | | owner and not paid for. |
| Mesa | | receive your renewal notice, you CAN | | |
| Lakewood | | cancel your policy at any time. | | Malinger: To feign a disability for the |
| Savannah | | | | purpose of continuing to collect |
| Orange Park | | Make sure you have a new policy in | | benefits longer than actually |
| Harrisburg | | place before you cancel your old one | | necessary. |
| Alpharetta | | to avoid a lapse in coverage. This will | | |
| Knoxville | | also prevent having to figure out the | | Nonassignable: A policy that the |
| Cape Coral | | amount of any unused premium that is | | owner cannot assign to a third party. |
| Greenville | | due to you from your old insurance | | Most policies are nonassignable |
| Aurora | | company, or having to spar with your | | unless approval is given by the |
| Fall River | | agent about exactly when your policy | | insurer. |
| Santa Ana | | was cancelled and how much they | | |
| Huntington Beach | | owe you. | | Depreciation: A decrease in the value |
| Flint | | | | of any type of tangible property over |
| Carlsbad | | Healthy people have the best | | a period of time resulting from use, |
| Jasper | | mortality risks and thus are much | | wear and tear, or obsolescence. |
| Athens | | cheaper for companies to insure. This | | |
| Warwick | | translates into lower rates for the | | Claim: A demand made by the |
| Milwaukee | | Super Preferred customer than | | insured, or the insured's beneficiary, |
| Torrance | | someone with higher risk factors such | | for payment of the benefits provided |
| Redlands | | as a heart condition, cancer or | | by the contract. |
| Fredericksburg | | diabetes. Conversely, if you were | | |
| Warwick | | unhealthy when you acquired your | | Standard Industry Code (SIC): This is |
| Birmingham | | policy, and your health has now | | a coding system which assigns |
| Frederick | | improved, it might be time to shop for | | separate codes for different types of |
| Amarillo | | a new policy, as your rates are likely | | industries. |
| Inglewood | | to be lower. | | |
