| | | | |
|
| Clarksville | | Healthy people have the best | | Lapsed Policy: One which has been |
| Tallahassee | | mortality risks and thus are much | | allowed to expire because of |
| Worcester | | cheaper for companies to insure. This | | nonpayment of premiums. |
| Franklin | | translates into lower rates for the | | |
| Denver | | Super Preferred customer than | | Brick Veneer Construction: Refers to |
| Longview | | someone with higher risk factors such | | a building where the outside walls are |
| Boise | | as a heart condition, cancer or | | constructed of wood with a facing of a |
| Florence | | diabetes. Conversely, if you were | | single layer of brick. |
| Carlsbad | | unhealthy when you acquired your | | |
| Lawton | | policy, and your health has now | | Shock Loss: A catastrophic loss so |
| Las Vegas | | improved, it might be time to shop for | | large that it has a material effect on |
| Coral Springs | | a new policy, as your rates are likely | | the underwriting results of a company. |
| Canton | | to be lower. | | |
| Carlsbad | | | | Amendment: A formal document |
| Biloxi | | The best time to switch policies is | | which corrects or revises an |
| El Paso | | within one month of receiving your | | insurance master policy. |
| Dallas | | policy renewal from your current | | |
| Springfield | | insurer. You can typically cancel your | | Liabilities: Money owed or expected |
| Santa Ana | | policy without any fees or penalties if | | to be owed. Insurance company |
| Olympia | | you act within this time period. | | financial statements, for instance, |
| Wilmington | | | | show assets and liabilities. |
| Clarksville | | Shopping around is the best way to | | |
| Dothan | | save money on your insurance. | | Incurred Expense: Expenses not yet |
| Lexington | | | | paid. Can also include paid |
| Alameda | | At InsWeb, you can compare free | | expenses in some accounting |
| Lake Charles | | online insurance quotes from many of | | systems. |
| Anderson | | the nations leading insurance | | |
| Long Beach | | companies. | | Exclusion: A contractual provision that |
| Las Cruces | | | | denies coverage for certain perils, |
| Pompano Beach | | Make sure you have a new policy in | | persons, property, or locations. |
| Duluth | | place before you cancel your old one | | |
| Lake Worth | | to avoid a lapse in coverage. This will | | Flat Cancellation: A policy which is |
| Boston | | also prevent having to figure out the | | cancelled upon its effective date. |
| Atlanta | | amount of any unused premium that is | | Usually under a flat cancellation no |
| New York | | due to you from your old insurance | | premium charge is made. |
| El Paso | | company, or having to spar with your | | |
| Owensboro | | agent about exactly when your policy | | |
| Hattiesburg | | was cancelled and how much they | | |
| Lansing | | owe you. | | |
