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| Biloxi | | Make sure you have a new policy in | | Incurred Expense: Expenses not yet |
| Kingsport | | place before you cancel your old one | | paid. Can also include paid |
| Worcester | | to avoid a lapse in coverage. This will | | expenses in some accounting |
| Anaheim | | also prevent having to figure out the | | systems. |
| White Plains | | amount of any unused premium that is | | |
| Woodbridge | | due to you from your old insurance | | Indemnify: To restore the victim of a |
| Odessa | | company, or having to spar with your | | loss to the same position as before |
| Los Angeles | | agent about exactly when your policy | | the loss occurred. |
| Williamsport | | was cancelled and how much they | | |
| White Plains | | owe you. | | Collusion: An agreement, usually |
| Berkeley | | | | secret, between two or more persons |
| Montgomery | | Why not take advantage of current | | to defraud or deprive another or |
| Santa Ana | | low prices? Many auto insurance | | others of their property or rights. |
| Woodbridge | | consumers are becoming educated | | |
| Englewood | | on other companies, plans, and rates | | Policy Period (or Term): The period |
| Tallahassee | | that are available to them; ones that | | during which the policy contract |
| Lansing | | could afford them significant savings | | affords protection, e.g., six months or |
| Irving | | on their auto insurance. | | one or three years. |
