| | | | |
|
| Alexandria | | People who are trying to quit | | Monoline Policy: Any insurance |
| Salt Lake City | | smoking, for example, might be best | | coverage written as a single line |
| Ogden | | suited purchasing a shorter term (and | | policy. Contrast with Multiple Line or |
| Henderson | | then replacing it with a longer term | | Package policy. |
| Springfield | | policy when they qualify for | | |
| Yonkers | | non-tobacco prices). | | Depreciation: A decrease in the value |
| Kansas City | | | | of any type of tangible property over |
| Tempe | | Make sure you have a new policy in | | a period of time resulting from use, |
| Fort Worth | | place before you cancel your old one | | wear and tear, or obsolescence. |
| Oceanside | | to avoid a lapse in coverage. This will | | |
| Portland | | also prevent having to figure out the | | Net Loss: The amount of loss |
| Fredericksburg | | amount of any unused premium that is | | sustained by an insurer after giving |
| Bellevue | | due to you from your old insurance | | effect to all applicable reinsurance, |
| Erie | | company, or having to spar with your | | salvage, and subrogation recoveries. |
| Peoria | | agent about exactly when your policy | | |
| Kingsport | | was cancelled and how much they | | Claim: A demand made by the |
| Staten Island | | owe you. | | insured, or the insured's beneficiary, |
| Denton | | | | for payment of the benefits provided |
| Nashua | | While some companies raise their | | by the contract. |
| Grand Prairie | | prices based on your actual age, | | |
| Chandler | | most companies increase the price of | | Gross Line: The total limit accepted |
| Anderson | | their policies six months before your | | by an insurer on an individual risk, |
| Kansas City | | birthday. Its a term called Age | | including the amount to be reinsured. |
| West Palm Beach | | Nearest in the industry, and that | | |
| San Jose | | half-year price increase could really | | Fiduciary: A person holding the funds |
| Irving | | add up over a 20-year term policy. As | | or property of another in a position of |
| Irving | | above, the quicker you purchase your | | trust. An example would be the |
| Canton | | policy the better. | | executor of an estate. |
