| | | | |
|
| Dubuque | | The best time to switch policies is | | Sole Proprietorship: A business |
| Orlando | | within one month of receiving your | | enterprise owned by one person who |
| St. Joseph | | policy renewal from your current | | is its manager and employee. |
| Goldsboro | | insurer. You can typically cancel your | | |
| Winter Haven | | policy without any fees or penalties if | | Paid-In Surplus: Surplus paid in by |
| Gaithersburg | | you act within this time period. | | stockholders, as contrasted with |
| Knoxville | | | | surplus earned through the |
| Yuma | | The quickest and easiest way to | | operations of a business. |
| Littleton | | shop for new insurance is by | | |
| Lake Charles | | comparing rates at InsWebs online | | Captive Agent: One who sells |
| Odessa | | marketplace. If you do it the | | insurance for only one company as |
| Seattle | | old-fashioned way (by calling or | | opposed to an agent who represents |
| Bethlehem | | visiting multiple agents or insurance | | several companies. |
| Tallahassee | | companies) it could take up a huge | | |
| Glendale | | chunk of your time, which no one | | License: A certification of authority for |
| Winter Haven | | wants or needs. By completing | | an agent or insurer to operate, given |
| Fort Smith | | InsWebs online application, you will | | by the appropriate jurisdiction. |
| Boston | | have rates to compare to your old | | |
| Columbus | | ones within minutes! | | Burning Ratio: The ratio of losses |
| Rapid City | | | | suffered to the amount of insurance in |
| Grand Junction | | If you decide to cancel your policy | | effect. |
| Westbury | | (after acquiring new coverage) | | |
| Yonkers | | outside of the 30-day period, you may | | Criticism: A correction suggested by a |
| Glendale | | have to pay a fee or penalty. | | rating or auditing bureau to an insurer. |
| Vineland | | However, you may still save money | | |
| Rockville | | after paying the fee if your new policy | | Partnership: A business enterprise |
| Vineland | | affords you significant savings. So | | owned and operated by two or more |
| Jackson | | while it is best to wait until your | | persons for the purpose of generating |
| New Port Richey | | receive your renewal notice, you CAN | | business income and profits. |
| Tempe | | cancel your policy at any time. | | |
| Colorado Springs | | | | Approved: The condition which exists |
| Wichita Falls | | While some companies raise their | | when the person or object to be |
| Huntsville | | prices based on your actual age, | | insured meets the underwriting |
| Tallahassee | | most companies increase the price of | | standards of the insurer. |
| San Jose | | their policies six months before your | | |
| San Diego | | birthday. Its a term called Age | | |
| Daytona Beach | | Nearest in the industry, and that | | |
| St. Paul | | half-year price increase could really | | |
| Pasadena | | add up over a 20-year term policy. As | | |
| Savannah | | above, the quicker you purchase your | | |
| Erie | | policy the better. | | |
