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| Louisville | | The best time to switch policies is | | Buy-Back" Deductible: A deductible |
| Sarasota | | within one month of receiving your | | which may be eliminated for an |
| Reno | | policy renewal from your current | | additional premium in order to |
| Frederick | | insurer. You can typically cancel your | | provide "first-dollar" coverage. |
| Anderson | | policy without any fees or penalties if | | |
| Alpharetta | | you act within this time period. | | Dual Life Stock Company: A stock |
| Walnut Creek | | | | Life insurer issuing both participating |
| Oakland | | If you decide to cancel your policy | | and nonparticipating policy contracts. |
| Louisville | | (after acquiring new coverage) | | |
| Ocala | | outside of the 30-day period, you may | | Brick Veneer Construction: Refers to |
| Newburgh | | have to pay a fee or penalty. | | a building where the outside walls are |
| Lawton | | However, you may still save money | | constructed of wood with a facing of a |
| Westbury | | after paying the fee if your new policy | | single layer of brick. |
| Quincy | | affords you significant savings. So | | |
| Independence | | while it is best to wait until your | | Net Retention: The amount of |
| Durham | | receive your renewal notice, you CAN | | insurance that a ceding company |
| Tuscaloosa | | cancel your policy at any time. | | keeps for its own account and does |
| Virginia Beach | | | | not reinsure. |
| Longwood | | While some companies raise their | | |
| Rapid City | | prices based on your actual age, | | Incurred Expense: Expenses not yet |
| Lancaster | | most companies increase the price of | | paid. Can also include paid |
| Vero Beach | | their policies six months before your | | expenses in some accounting |
| Houma | | birthday. Its a term called Age | | systems. |
| Hartford | | Nearest in the industry, and that | | |
| Phoenix | | half-year price increase could really | | Net Loss: The amount of loss |
| Lima | | add up over a 20-year term policy. As | | sustained by an insurer after giving |
| Newark | | above, the quicker you purchase your | | effect to all applicable reinsurance, |
| Worcester | | policy the better. | | salvage, and subrogation recoveries. |
