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| Schenectady | | Shopping around is the best way to | | Appraisal: An evaluation of property |
| Atlanta | | save money on your insurance. | | made to ascertain either the |
| Brooklyn | | | | appropriate amount of insurance to |
| Olympia | | Make sure you have a new policy in | | be written or the amount of loss to be |
| Long Island City | | place before you cancel your old one | | paid. |
| Tyler | | to avoid a lapse in coverage. This will | | |
| Longmont | | also prevent having to figure out the | | Net Retention: The amount of |
| Slidell | | amount of any unused premium that is | | insurance that a ceding company |
| Gaithersburg | | due to you from your old insurance | | keeps for its own account and does |
| Santa Barbara | | company, or having to spar with your | | not reinsure. |
| Burbank | | agent about exactly when your policy | | |
| Ventura | | was cancelled and how much they | | Premium Notice: A form notice from |
| Pittsburgh | | owe you. | | an insurer or agency to a policy |
| Denton | | | | owner that a premium will be due on a |
| Jackson | | The quickest and easiest way to | | given date. |
| Lowell | | shop for new insurance is by | | |
| Orange | | comparing rates at InsWebs online | | Initial Premium: An amount paid at the |
| Palo Alto | | marketplace. If you do it the | | inception of an insurance contract, |
| Cypress | | old-fashioned way (by calling or | | usually subject to adjustment at the |
| Warren | | visiting multiple agents or insurance | | end of the policy period. |
| Sioux Falls | | companies) it could take up a huge | | |
| Springfield | | chunk of your time, which no one | | Short-Term Policy: A policy written for |
| Pembroke Pines | | wants or needs. By completing | | a period of less time than is normal for |
| Tampa | | InsWebs online application, you will | | that type of policy. |
| Pittsburgh | | have rates to compare to your old | | |
| El Paso | | ones within minutes! | | Policy Period (or Term): The period |
| Muncie | | | | during which the policy contract |
| Troy | | If you decide to cancel your policy | | affords protection, e.g., six months or |
| Henderson | | (after acquiring new coverage) | | one or three years. |
| Conroe | | outside of the 30-day period, you may | | |
| Flint | | have to pay a fee or penalty. | | Malinger: To feign a disability for the |
| Westbury | | However, you may still save money | | purpose of continuing to collect |
| Rockville | | after paying the fee if your new policy | | benefits longer than actually |
| Overland Park | | affords you significant savings. So | | necessary. |
| Lancaster | | while it is best to wait until your | | |
| Wichita Falls | | receive your renewal notice, you CAN | | |
| Anaheim | | cancel your policy at any time. | | |
