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| Birmingham | | Individuals who have 30-year | | Overlapping Insurance: Coverage |
| Miami | | mortgages might want to consider a | | from two or more policies or insurers |
| Modesto | | 30-year term to ensure that the house | | which duplicates coverage of certain |
| Jackson | | is protected throughout the period of | | risks. |
| Billings | | the loan. | | |
| Olympia | | | | Minimum Premium: The smallest |
| Conroe | | The best time to switch policies is | | amount of premium for which an |
| Santa Monica | | within one month of receiving your | | insurer will issue coverage under a |
| Lubbock | | policy renewal from your current | | given policy. |
| Southfield | | insurer. You can typically cancel your | | |
| West Chester | | policy without any fees or penalties if | | Book Value: Refers to the value of |
| Aurora | | you act within this time period. | | assets as shown in the official |
| Hollywood | | | | accounting records of the company. |
| Fayetteville | | Why not take advantage of current | | |
| Fremont | | low prices? Many auto insurance | | Losses Incurred: The total losses, |
| Toledo | | consumers are becoming educated | | whether paid or not, sustained by an |
| Wilmington | | on other companies, plans, and rates | | insurer during a given period, e.g., 12 |
| Portland | | that are available to them; ones that | | months. |
| Lafayette | | could afford them significant savings | | |
| Phoenix | | on their auto insurance. | | Agency: An insurance sales office |
| Cypress | | | | which is directed by a agent, |
| Lake Charles | | People who are trying to quit | | manager, independent agent, or |
| Harrisburg | | smoking, for example, might be best | | company manager. |
| Marietta | | suited purchasing a shorter term (and | | |
| Yonkers | | then replacing it with a longer term | | Short Rate Premium: The premium |
| Scranton | | policy when they qualify for | | required for issuing a policy for a |
| Boston | | non-tobacco prices). | | period less than its normal term. |
