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| Denver | | If you decide to cancel your policy | | Single Limit: Any insurance coverage |
| Coral Springs | | (after acquiring new coverage) | | which is expressed as a single |
| Rockford | | outside of the 30-day period, you may | | amount of insurance, or a single limit |
| Olympia | | have to pay a fee or penalty. | | of liability. Contrast with Split Limit. |
| Greeley | | However, you may still save money | | |
| Duluth | | after paying the fee if your new policy | | Retrospective Premium: The final |
| Fayetteville | | affords you significant savings. So | | premium in a retrospective rating |
| San Antonio | | while it is best to wait until your | | plan. See Retrospective Rating. |
| Anderson | | receive your renewal notice, you CAN | | |
| Tempe | | cancel your policy at any time. | | Lapsed Policy: One which has been |
| Gainesville | | | | allowed to expire because of |
| Myrtle Beach | | Why not take advantage of current | | nonpayment of premiums. |
| Spokane | | low prices? Many auto insurance | | |
| Fort Myers | | consumers are becoming educated | | Line of Business: The classification of |
| Orange | | on other companies, plans, and rates | | business as utilized in the insurance |
| Bayside | | that are available to them; ones that | | industry, e.g., Fire, Allied Lines and |
| Baton Rouge | | could afford them significant savings | | Homeowners. |
| Springfield | | on their auto insurance. | | |
| Wichita Falls | | | | Fiduciary: A person holding the funds |
| Springfield | | Shopping around is the best way to | | or property of another in a position of |
| San Jose | | save money on your insurance. | | trust. An example would be the |
| Acworth | | | | executor of an estate. |
| Dothan | | Life insurance, specifically Term Life, | | |
| Longwood | | is arguably one of the best values in | | Divided Cover: The placing of |
| Kansas City | | the entire financial services arena. | | insurance on a given subject or |
| Savannah | | Where else can you go and get | | object with more than one insurer. |
| Tampa | | hundreds of thousands of dollars in | | |
| Racine | | protection for literally pennies per | | Criticism: A correction suggested by a |
| Sumter | | day? Rates for Term Life insurance | | rating or auditing bureau to an insurer. |
| Overland Park | | remain at all-time lows, and now is the | | |
| Bloomington | | time to lock in the best prices. | | Liabilities: Money owed or expected |
| Carlsbad | | | | to be owed. Insurance company |
| Fort Smith | | While some companies raise their | | financial statements, for instance, |
| Lexington | | prices based on your actual age, | | show assets and liabilities. |
| Hot Springs | | most companies increase the price of | | |
| Springfield | | their policies six months before your | | |
| Tempe | | birthday. Its a term called Age | | |
| Raleigh | | Nearest in the industry, and that | | |
| Boynton Beach | | half-year price increase could really | | |
| Sioux Falls | | add up over a 20-year term policy. As | | |
| Baton Rouge | | above, the quicker you purchase your | | |
| Yonkers | | policy the better. | | |
