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| Sacramento | | The quickest and easiest way to | | Commercial Lines: This term is used |
| Fort Myers | | shop for new insurance is by | | to refer to insurance for businesses, |
| York | | comparing rates at InsWebs online | | professionals, and commercial |
| Santa Ana | | marketplace. If you do it the | | establishments. |
| Duluth | | old-fashioned way (by calling or | | |
| Palm Desert | | visiting multiple agents or insurance | | Losses Outstanding: A summary |
| Johnson City | | companies) it could take up a huge | | statement prepared by Property, Life, |
| Muncie | | chunk of your time, which no one | | and Liability insurers showing claims |
| Boulder | | wants or needs. By completing | | not yet settled. |
| Las Cruces | | InsWebs online application, you will | | |
| Fairfax | | have rates to compare to your old | | Calendar Year Experience: This |
| Erie | | ones within minutes! | | measures the premiums and losses |
| Duluth | | | | entered on accounting records during |
| North Hollywood | | If you decide to cancel your policy | | the 12-month calendar. |
| Bay City | | (after acquiring new coverage) | | |
| Gainesville | | outside of the 30-day period, you may | | Malicious Mischief: Similar to |
| Newark | | have to pay a fee or penalty. | | vandalism. Purposely damaging the |
| Littleton | | However, you may still save money | | rights or property of another. |
| Stamford | | after paying the fee if your new policy | | |
| Boca Raton | | affords you significant savings. So | | Retrospective Premium: The final |
| Bronx | | while it is best to wait until your | | premium in a retrospective rating |
| Lawrenceville | | receive your renewal notice, you CAN | | plan. See Retrospective Rating. |
| Phoenix | | cancel your policy at any time. | | |
| Pasadena | | | | Policy Anniversary: The anniversary |
| Youngstown | | While some companies raise their | | of the date of issue of a policy as |
| Escondido | | prices based on your actual age, | | shown in the policy declarations. |
| Muncie | | most companies increase the price of | | |
| Hartford | | their policies six months before your | | Society of Insurance Research: An |
| Austin | | birthday. Its a term called Age | | organization which encourages |
| Minneapolis | | Nearest in the industry, and that | | insurance research and promotes the |
| Boynton Beach | | half-year price increase could really | | exchange of ideas and methods of |
| San Jose | | add up over a 20-year term policy. As | | research. |
| Berkeley | | above, the quicker you purchase your | | |
| Santa Barbara | | policy the better. | | Authorized Insurer: An insurer |
| St. Paul | | | | authorized by the state to transact |
| Hot Springs | | | | business in that state for specific |
| Santa Ana | | | | types of insurance. |
