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| Madison | | Why not take advantage of current | | Society of Insurance Research: An |
| Kalamazoo | | low prices? Many auto insurance | | organization which encourages |
| Las Vegas | | consumers are becoming educated | | insurance research and promotes the |
| Louisville | | on other companies, plans, and rates | | exchange of ideas and methods of |
| Columbia | | that are available to them; ones that | | research. |
| Bethlehem | | could afford them significant savings | | |
| Allentown | | on their auto insurance. | | Criticism: A correction suggested by a |
| Beaumont | | | | rating or auditing bureau to an insurer. |
| Albany | | Shopping around is the best way to | | |
| San Diego | | save money on your insurance. | | Premium Notice: A form notice from |
| Toms River | | | | an insurer or agency to a policy |
| Franklin | | The quickest and easiest way to | | owner that a premium will be due on a |
| Boca Raton | | shop for new insurance is by | | given date. |
| Sarasota | | comparing rates at InsWebs online | | |
| Rapid City | | marketplace. If you do it the | | Interline Endorsement: Commercial |
| Worcester | | old-fashioned way (by calling or | | endorsements that apply, or could |
| Rochester | | visiting multiple agents or insurance | | apply, to more than one coverage |
| Omaha | | companies) it could take up a huge | | part of a package policy. |
| Lafayette | | chunk of your time, which no one | | |
| Yonkers | | wants or needs. By completing | | Insurance to Value: Insurance written |
| Savannah | | InsWebs online application, you will | | in an amount approximating the value |
| Escondido | | have rates to compare to your old | | of the property insured. |
| St. Paul | | ones within minutes! | | |
| Denver | | | | Policy Period (or Term): The period |
| Sarasota | | Make sure you have a new policy in | | during which the policy contract |
| Livonia | | place before you cancel your old one | | affords protection, e.g., six months or |
| Toledo | | to avoid a lapse in coverage. This will | | one or three years. |
| Savannah | | also prevent having to figure out the | | |
| Lancaster | | amount of any unused premium that is | | Losses Incurred: The total losses, |
| Augusta | | due to you from your old insurance | | whether paid or not, sustained by an |
| Cypress | | company, or having to spar with your | | insurer during a given period, e.g., 12 |
| Palm Desert | | agent about exactly when your policy | | months. |
| Lafayette | | was cancelled and how much they | | |
| South Bend | | owe you. | | Captive Agent: One who sells |
| Lake Charles | | | | insurance for only one company as |
| Killeen | | | | opposed to an agent who represents |
| Portland | | | | several companies. |
