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| Escondido | | While some companies raise their | | Overlapping Insurance: Coverage |
| Littleton | | prices based on your actual age, | | from two or more policies or insurers |
| Minneapolis | | most companies increase the price of | | which duplicates coverage of certain |
| Naples | | their policies six months before your | | risks. |
| Newport News | | birthday. Its a term called Age | | |
| Toms River | | Nearest in the industry, and that | | Flat Cancellation: A policy which is |
| Roanoke | | half-year price increase could really | | cancelled upon its effective date. |
| Pittsburgh | | add up over a 20-year term policy. As | | Usually under a flat cancellation no |
| Salt Lake City | | above, the quicker you purchase your | | premium charge is made. |
| El Cajon | | policy the better. | | |
| Glendale | | | | Building Code: This refers to |
| Clinton Township | | Why not take advantage of current | | municipal or other governmental |
| Durham | | low prices? Many auto insurance | | ordinances regulating the type of |
| Lawton | | consumers are becoming educated | | construction of buildings within its |
| Anchorage | | on other companies, plans, and rates | | jurisdiction. |
| Gaithersburg | | that are available to them; ones that | | |
| Valdosta | | could afford them significant savings | | Legislative Risk: A risk faced by |
| Beaumont | | on their auto insurance. | | investors whereby changes in tax |
| Council Bluffs | | | | laws can result in adverse effects on |
| Valdosta | | People who are trying to quit | | the individual's investment results. |
| Fort Smith | | smoking, for example, might be best | | |
| Grand Junction | | suited purchasing a shorter term (and | | Claim Report: A report filed by an |
| Union | | then replacing it with a longer term | | agent setting forth the facts of a claim. |
| Sterling Heights | | policy when they qualify for | | Same as Loss Report. |
| Asheville | | non-tobacco prices). | | |
| Billings | | | | Mutualization: The process of |
| Jacksonville | | Individuals who have 30-year | | converting a stock insurer to a mutual |
| Redlands | | mortgages might want to consider a | | insurer, accomplished by having the |
| Jackson | | 30-year term to ensure that the house | | insurer buy stock and retire it. |
| Brooklyn | | is protected throughout the period of | | |
| San Antonio | | the loan. | | Policy Period (or Term): The period |
| Venice | | | | during which the policy contract |
| Cincinnati | | Shopping around is the best way to | | affords protection, e.g., six months or |
| Seattle | | save money on your insurance. | | one or three years. |