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| Santa Ana | | Make sure you have a new policy in | | Book Value: Refers to the value of |
| St. Paul | | place before you cancel your old one | | assets as shown in the official |
| Tampa | | to avoid a lapse in coverage. This will | | accounting records of the company. |
| Tuscaloosa | | also prevent having to figure out the | | |
| Marietta | | amount of any unused premium that is | | Equity: The money value of an |
| Sunnyvale | | due to you from your old insurance | | insurance company that is over and |
| Naples | | company, or having to spar with your | | above its liabilities. Liabilities include |
| Toms River | | agent about exactly when your policy | | almost all of its reserves. |
| San Diego | | was cancelled and how much they | | |
| Florence | | owe you. | | Capital Sum: The maximum lump sum |
| Escondido | | | | payable in the event of accidental |
| Savannah | | Why not take advantage of current | | death or dismemberment. |
| Daytona Beach | | low prices? Many auto insurance | | |
| Lafayette | | consumers are becoming educated | | Business: In Property, Liability, and |
| Vineland | | on other companies, plans, and rates | | Health lines, it usually refers to the |
| Mesquite | | that are available to them; ones that | | volume of premiums. |
| Hot Springs | | could afford them significant savings | | |
| Baton Rouge | | on their auto insurance. | | Indemnity: Restoration to the victim of |
| Stuart | | | | a loss by payment, repair, or |
| Modesto | | If you decide to cancel your policy | | replacement. |
| Winter Haven | | (after acquiring new coverage) | | |
| Clinton Township | | outside of the 30-day period, you may | | License: A certification of authority for |
| Atlanta | | have to pay a fee or penalty. | | an agent or insurer to operate, given |
| Phoenix | | However, you may still save money | | by the appropriate jurisdiction. |
| Lafayette | | after paying the fee if your new policy | | |
| Providence | | affords you significant savings. So | | Initial Premium: An amount paid at the |
| Rochester | | while it is best to wait until your | | inception of an insurance contract, |
| Gulfport | | receive your renewal notice, you CAN | | usually subject to adjustment at the |
| Harrisburg | | cancel your policy at any time. | | end of the policy period. |