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| Las Cruces | | The quickest and easiest way to | | Losses Incurred: The total losses, |
| Pueblo | | shop for new insurance is by | | whether paid or not, sustained by an |
| Tyler | | comparing rates at InsWebs online | | insurer during a given period, e.g., 12 |
| Providence | | marketplace. If you do it the | | months. |
| Johnstown | | old-fashioned way (by calling or | | |
| Newark | | visiting multiple agents or insurance | | Mutualization: The process of |
| Cedar Rapids | | companies) it could take up a huge | | converting a stock insurer to a mutual |
| Metairie | | chunk of your time, which no one | | insurer, accomplished by having the |
| Independence | | wants or needs. By completing | | insurer buy stock and retire it. |
| Fayetteville | | InsWebs online application, you will | | |
| Stuart | | have rates to compare to your old | | Initial Premium: An amount paid at the |
| Cleveland | | ones within minutes! | | inception of an insurance contract, |
| Duluth | | | | usually subject to adjustment at the |
| San Francisco | | Shopping around is the best way to | | end of the policy period. |
| Jacksonville | | save money on your insurance. | | |
| Albany | | | | Valuation Clause: A clause stating the |
| Scranton | | The best time to switch policies is | | value of items for insurance |
| Dubuque | | within one month of receiving your | | purposes, making it a valued policy. |
| Ogden | | policy renewal from your current | | |
| Fullerton | | insurer. You can typically cancel your | | Exclusions: Specific situations, |
| Jacksonville | | policy without any fees or penalties if | | conditions, or circumstances that are |
| Sioux City | | you act within this time period. | | listed in the contract as being not |
| St. Louis | | | | covered. |
| Malden | | Make sure you have a new policy in | | |
| Oakland | | place before you cancel your old one | | Tickler: A reminder system used to |
| Lansing | | to avoid a lapse in coverage. This will | | call an individual's attention to actions |
| Kansas City | | also prevent having to figure out the | | that must be taken at a future point in |
| Springfield | | amount of any unused premium that is | | time. |
| Phoenix | | due to you from your old insurance | | |
| Tempe | | company, or having to spar with your | | Federal Deposit Insurance |
| Duluth | | agent about exactly when your policy | | Corporation (FDIC): An agency of the |
| Detroit | | was cancelled and how much they | | federal government which insures |
| Columbia | | owe you. | | bank deposits up to a stated |
| Harlingen | | | | maximum. |
