| | | | |
|
| Edmond | | If you decide to cancel your policy | | Independent Agent: An agent |
| Ocala | | (after acquiring new coverage) | | operating as an independent |
| Winter Park | | outside of the 30-day period, you may | | contractor under the independent |
| Clearwater | | have to pay a fee or penalty. | | agency system. |
| Springfield | | However, you may still save money | | |
| Lake Charles | | after paying the fee if your new policy | | Depreciation: A decrease in the value |
| Grand Rapids | | affords you significant savings. So | | of any type of tangible property over |
| Cherry Hill | | while it is best to wait until your | | a period of time resulting from use, |
| Malden | | receive your renewal notice, you CAN | | wear and tear, or obsolescence. |
| Arlington | | cancel your policy at any time. | | |
| Morristown | | | | Flat Cancellation: A policy which is |
| Oxnard | | People who are trying to quit | | cancelled upon its effective date. |
| Anchorage | | smoking, for example, might be best | | Usually under a flat cancellation no |
| Livonia | | suited purchasing a shorter term (and | | premium charge is made. |
| Columbus | | then replacing it with a longer term | | |
| Lawrenceville | | policy when they qualify for | | Loss Adjustment Expense: The cost |
| Naperville | | non-tobacco prices). | | of adjusting losses, excluding the |
| Slidell | | | | amount of the loss itself. |
| Lowell | | At InsWeb, you can compare free | | |
| Anderson | | online insurance quotes from many of | | Liquidity: The ability of an insurer to |
| Santa Ana | | the nations leading insurance | | convert its assets into cash to pay |
| Franklin | | companies. | | claims if necessary. |
