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| Cypress | | The quickest and easiest way to | | Effective Date: The date on which the |
| Ann Arbor | | shop for new insurance is by | | protection of an insurance policy or |
| Boise | | comparing rates at InsWebs online | | bond goes into effect. |
| Harlingen | | marketplace. If you do it the | | |
| Stockbridge | | old-fashioned way (by calling or | | Net Retention: The amount of |
| Venice | | visiting multiple agents or insurance | | insurance that a ceding company |
| Grand Junction | | companies) it could take up a huge | | keeps for its own account and does |
| Conroe | | chunk of your time, which no one | | not reinsure. |
| Baltimore | | wants or needs. By completing | | |
| Albuquerque | | InsWebs online application, you will | | Liabilities: Money owed or expected |
| Jackson | | have rates to compare to your old | | to be owed. Insurance company |
| Canton | | ones within minutes! | | financial statements, for instance, |
| Cranston | | | | show assets and liabilities. |
| Long Island City | | If you decide to cancel your policy | | |
| Cookeville | | (after acquiring new coverage) | | Appraisal: An evaluation of property |
| Boise | | outside of the 30-day period, you may | | made to ascertain either the |
| Washington | | have to pay a fee or penalty. | | appropriate amount of insurance to |
| Washington | | However, you may still save money | | be written or the amount of loss to be |
| Rockford | | after paying the fee if your new policy | | paid. |
| Brooklyn | | affords you significant savings. So | | |
| Spokane | | while it is best to wait until your | | Incurred Expense: Expenses not yet |
| Akron | | receive your renewal notice, you CAN | | paid. Can also include paid |
| Bloomington | | cancel your policy at any time. | | expenses in some accounting |
| Troy | | | | systems. |
| Kingsport | | Healthy people have the best | | |
| Nashua | | mortality risks and thus are much | | Interstate Carrier: A transportation |
| Monroe | | cheaper for companies to insure. This | | company which does business |
| Wilmington | | translates into lower rates for the | | across state lines. |
| Mesquite | | Super Preferred customer than | | |
| Palm Harbor | | someone with higher risk factors such | | Standard Industry Code (SIC): This is |
| Alexandria | | as a heart condition, cancer or | | a coding system which assigns |
| Tempe | | diabetes. Conversely, if you were | | separate codes for different types of |
| Franklin | | unhealthy when you acquired your | | industries. |
| Bethlehem | | policy, and your health has now | | |
| Lexington | | improved, it might be time to shop for | | |
| Chesapeake | | a new policy, as your rates are likely | | |
| Troy | | to be lower. | | |
