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| Rockford | | Everyone has different needs, and | | Collusion: An agreement, usually |
| Orange Park | | not one size fits all when it comes to | | secret, between two or more persons |
| Chandler | | term life insurance. While it may make | | to defraud or deprive another or |
| Littleton | | sense for people in their 30s and 40s | | others of their property or rights. |
| Killeen | | to secure a 20-year term length, a | | |
| Newport News | | 10-year term might be more | | Buy-Back" Deductible: A deductible |
| Garland | | appropriate for someone nearing | | which may be eliminated for an |
| Bakersfield | | retirement. | | additional premium in order to |
| Waco | | | | provide "first-dollar" coverage. |
| Baltimore | | The best time to switch policies is | | |
| Philadelphia | | within one month of receiving your | | Foreign Insurer: An insurer domiciled |
| Melbourne | | policy renewal from your current | | in a state of the United States other |
| Jackson | | insurer. You can typically cancel your | | than the one in which the insured's |
| Yuma | | policy without any fees or penalties if | | insurance is written. |
| Savannah | | you act within this time period. | | |
| Hemet | | | | Incurred Expense: Expenses not yet |
| Reading | | If you decide to cancel your policy | | paid. Can also include paid |
| Little Rock | | (after acquiring new coverage) | | expenses in some accounting |
| Costa Mesa | | outside of the 30-day period, you may | | systems. |
| Troy | | have to pay a fee or penalty. | | |
| Chula Vista | | However, you may still save money | | Losses Incurred: The total losses, |
| Alameda | | after paying the fee if your new policy | | whether paid or not, sustained by an |
| Thousand Oaks | | affords you significant savings. So | | insurer during a given period, e.g., 12 |
| Coral Springs | | while it is best to wait until your | | months. |
| Santa Clara | | receive your renewal notice, you CAN | | |
| Newport Beach | | cancel your policy at any time. | | Effective Date: The date on which the |
| Asheville | | | | protection of an insurance policy or |
| Burbank | | If you have noticed that your auto | | bond goes into effect. |
| Washington | | insurance rates are still increasing | | |
| White Plains | | with each renewal, or even have not | | Initial Premium: An amount paid at the |
| Texarkana | | gone down even though you have a | | inception of an insurance contract, |
| Fort Myers | | great driving record, this lower pricing | | usually subject to adjustment at the |
| Hendersonville | | trend makes it more important then | | end of the policy period. |
| Baltimore | | ever that you shop around for auto | | |
| Muncie | | insurance. | | |
