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| Rome | | If you have noticed that your auto | | Claim Report: A report filed by an |
| Toledo | | insurance rates are still increasing | | agent setting forth the facts of a claim. |
| Ogden | | with each renewal, or even have not | | Same as Loss Report. |
| Macon | | gone down even though you have a | | |
| Gaithersburg | | great driving record, this lower pricing | | Short Rate Premium: The premium |
| Las Vegas | | trend makes it more important then | | required for issuing a policy for a |
| Rockville | | ever that you shop around for auto | | period less than its normal term. |
| Turlock | | insurance. | | |
| San Jose | | | | Lapsed Policy: One which has been |
| Williamsport | | We offer quotes for auto insurance, | | allowed to expire because of |
| Wichita Falls | | life insurance, homeowners | | nonpayment of premiums. |
| Los Angeles | | insurance, health insurance, term life | | |
| High Point | | insurance and more. | | Agency Contract (or Agreement): The |
| Fort Smith | | | | document which establishes the legal |
| Muskegon | | Make sure you have a new policy in | | relationship between an agent and an |
| Muskegon | | place before you cancel your old one | | insurer. |
| Washington | | to avoid a lapse in coverage. This will | | |
| San Bernardino | | also prevent having to figure out the | | Premium: The price of insurance |
| Texarkana | | amount of any unused premium that is | | protection for a specified risk for a |
| Midland | | due to you from your old insurance | | specified period of time. |
| Milwaukee | | company, or having to spar with your | | |
| Torrance | | agent about exactly when your policy | | Losses Incurred: The total losses, |
| Albuquerque | | was cancelled and how much they | | whether paid or not, sustained by an |
| Omaha | | owe you. | | insurer during a given period, e.g., 12 |
| Santa Monica | | | | months. |
| Staten Island | | Why not take advantage of current | | |
| Belleville | | low prices? Many auto insurance | | Net Loss: The amount of loss |
| Downey | | consumers are becoming educated | | sustained by an insurer after giving |
| Columbus | | on other companies, plans, and rates | | effect to all applicable reinsurance, |
| Washington | | that are available to them; ones that | | salvage, and subrogation recoveries. |
| Little Rock | | could afford them significant savings | | |
| Florence | | on their auto insurance. | | Line of Business: The classification of |
| Virginia Beach | | | | business as utilized in the insurance |
| Fort Lauderdale | | Healthy people have the best | | industry, e.g., Fire, Allied Lines and |
| Frederick | | mortality risks and thus are much | | Homeowners. |
| High Point | | cheaper for companies to insure. This | | |
| Canton | | translates into lower rates for the | | |
| Green Bay | | Super Preferred customer than | | |
| Englewood | | someone with higher risk factors such | | |
| Stockbridge | | as a heart condition, cancer or | | |
| Colorado Springs | | diabetes. Conversely, if you were | | |
| Clearwater | | unhealthy when you acquired your | | |
| Waco | | policy, and your health has now | | |
| Modesto | | improved, it might be time to shop for | | |
| Minneapolis | | a new policy, as your rates are likely | | |
| Killeen | | to be lower. | | |
