| | | | |
|
| El Paso | | Shopping around is the best way to | | Loss Adjustment Expense: The cost |
| Wichita | | save money on your insurance. | | of adjusting losses, excluding the |
| Grand Rapids | | | | amount of the loss itself. |
| Independence | | The quickest and easiest way to | | |
| Akron | | shop for new insurance is by | | Loss Frequency: The number of times |
| Harlingen | | comparing rates at InsWebs online | | a loss occurs over a specific period |
| St. Louis | | marketplace. If you do it the | | of time. |
| Baltimore | | old-fashioned way (by calling or | | |
| Portsmouth | | visiting multiple agents or insurance | | Flat Cancellation: A policy which is |
| Lubbock | | companies) it could take up a huge | | cancelled upon its effective date. |
| Inglewood | | chunk of your time, which no one | | Usually under a flat cancellation no |
| Coral Springs | | wants or needs. By completing | | premium charge is made. |
| Flushing | | InsWebs online application, you will | | |
| Worcester | | have rates to compare to your old | | Liquidity: The ability of an insurer to |
| Lansing | | ones within minutes! | | convert its assets into cash to pay |
| Jackson | | | | claims if necessary. |
| Honolulu | | Make sure you have a new policy in | | |
| Amarillo | | place before you cancel your old one | | Sherman Antitrust Act: An antitrust law |
| Fairfax | | to avoid a lapse in coverage. This will | | from which insurance is exempted to |
| Lima | | also prevent having to figure out the | | the extent that it is regulated by state |
| Indianapolis | | amount of any unused premium that is | | law. |
| Wilmington | | due to you from your old insurance | | |
| Longmont | | company, or having to spar with your | | Tickler: A reminder system used to |
| Houma | | agent about exactly when your policy | | call an individual's attention to actions |
| Bellevue | | was cancelled and how much they | | that must be taken at a future point in |
| Syracuse | | owe you. | | time. |
