| | | | |
|
| Mansfield | | The quickest and easiest way to | | Interline Endorsement: Commercial |
| Arlington | | shop for new insurance is by | | endorsements that apply, or could |
| Las Vegas | | comparing rates at InsWebs online | | apply, to more than one coverage |
| Newark | | marketplace. If you do it the | | part of a package policy. |
| Canton | | old-fashioned way (by calling or | | |
| Toledo | | visiting multiple agents or insurance | | Substandard Risk: A risk not |
| Pueblo | | companies) it could take up a huge | | measuring up to underwriting |
| New Port Richey | | chunk of your time, which no one | | standards. It may still be written but |
| Huntington Beach | | wants or needs. By completing | | usually at a surcharged premium. |
| Midland | | InsWebs online application, you will | | |
| Jackson | | have rates to compare to your old | | Premium Receipt: The receipt given |
| Lowell | | ones within minutes! | | a policy owner for the payment of a |
| Mansfield | | | | premium. |
| Pompano Beach | | The best time to switch policies is | | |
| Grand Junction | | within one month of receiving your | | Commingling: An illegal practice |
| Saginaw | | policy renewal from your current | | which occurs when an agent mixes |
| Riverside | | insurer. You can typically cancel your | | personal funds with the insured's or |
| Greensboro | | policy without any fees or penalties if | | insurer's funds. |
| Anderson | | you act within this time period. | | |
| Columbus | | | | Initial Premium: An amount paid at the |
| Hemet | | If you decide to cancel your policy | | inception of an insurance contract, |
| Long Island City | | (after acquiring new coverage) | | usually subject to adjustment at the |
| Lexington | | outside of the 30-day period, you may | | end of the policy period. |
| Spring Hill | | have to pay a fee or penalty. | | |
| Newburgh | | However, you may still save money | | Borderline Risk: An insurance |
| Quincy | | after paying the fee if your new policy | | prospect of doubtful quality from an |
| Orange | | affords you significant savings. So | | underwriting point of view. |
| Lansing | | while it is best to wait until your | | |
| St. Louis | | receive your renewal notice, you CAN | | Fictitious Groups: Groups formed |
| Chattanooga | | cancel your policy at any time. | | primarily for the purpose of buying |
| Lafayette | | | | insurance. Under the law such groups |
| Vancouver | | Healthy people have the best | | may not be underwritten. |
| Inglewood | | mortality risks and thus are much | | |
| Bloomington | | cheaper for companies to insure. This | | Deflation: An economic period |
| San Antonio | | translates into lower rates for the | | characterized by falling prices, high |
| Grand Junction | | Super Preferred customer than | | unemployment and a generally |
| Downey | | someone with higher risk factors such | | sluggish or slow economy. |
| Monroe | | as a heart condition, cancer or | | |
| Cape Coral | | diabetes. Conversely, if you were | | |
| Sarasota | | unhealthy when you acquired your | | |
| Independence | | policy, and your health has now | | |
| Delray Beach | | improved, it might be time to shop for | | |
| Albany | | a new policy, as your rates are likely | | |
| Winter Park | | to be lower. | | |
