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| Milwaukee | | Healthy people have the best | | Lloyd's Broker: A person who has the |
| Gulfport | | mortality risks and thus are much | | authority to negotiate insurance |
| Greeley | | cheaper for companies to insure. This | | contracts with the underwriters on the |
| Charleston | | translates into lower rates for the | | floor at Lloyd's. |
| Houma | | Super Preferred customer than | | |
| Denver | | someone with higher risk factors such | | Net Loss: The amount of loss |
| Turlock | | as a heart condition, cancer or | | sustained by an insurer after giving |
| Winter Haven | | diabetes. Conversely, if you were | | effect to all applicable reinsurance, |
| Union | | unhealthy when you acquired your | | salvage, and subrogation recoveries. |
| Edison | | policy, and your health has now | | |
| New Orleans | | improved, it might be time to shop for | | Single Limit: Any insurance coverage |
| Raleigh | | a new policy, as your rates are likely | | which is expressed as a single |
| Lincoln | | to be lower. | | amount of insurance, or a single limit |
| Edison | | | | of liability. Contrast with Split Limit. |
| Southfield | | The quickest and easiest way to | | |
| Kansas City | | shop for new insurance is by | | Premium: The price of insurance |
| El Paso | | comparing rates at InsWebs online | | protection for a specified risk for a |
| Vineland | | marketplace. If you do it the | | specified period of time. |
| Newport News | | old-fashioned way (by calling or | | |
| Fredericksburg | | visiting multiple agents or insurance | | Policy Period (or Term): The period |
| Muskegon | | companies) it could take up a huge | | during which the policy contract |
| Knoxville | | chunk of your time, which no one | | affords protection, e.g., six months or |
| Malden | | wants or needs. By completing | | one or three years. |
| Detroit | | InsWebs online application, you will | | |
| Trenton | | have rates to compare to your old | | Indemnity: Restoration to the victim of |
| Fort Worth | | ones within minutes! | | a loss by payment, repair, or |
| Baltimore | | | | replacement. |
| Jackson | | While some companies raise their | | |
| Lansing | | prices based on your actual age, | | Shock Loss: A catastrophic loss so |
| Springfield | | most companies increase the price of | | large that it has a material effect on |
| Raleigh | | their policies six months before your | | the underwriting results of a company. |
| Savannah | | birthday. Its a term called Age | | |
| Boca Raton | | Nearest in the industry, and that | | Will Ride: Coverage that remains in |
| Madison | | half-year price increase could really | | effect regardless of the geographical |
| El Cajon | | add up over a 20-year term policy. As | | location in which a loss occurs. |
| Mesa | | above, the quicker you purchase your | | |
| Portland | | policy the better. | | |
