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| San Francisco | | Individuals who have 30-year | | Lapsed Policy: One which has been |
| Lansing | | mortgages might want to consider a | | allowed to expire because of |
| New York | | 30-year term to ensure that the house | | nonpayment of premiums. |
| Chicago | | is protected throughout the period of | | |
| Chicago | | the loan. | | Loss Frequency: The number of times |
| Durham | | | | a loss occurs over a specific period |
| Grand Rapids | | Make sure you have a new policy in | | of time. |
| Muskegon | | place before you cancel your old one | | |
| Tampa | | to avoid a lapse in coverage. This will | | Underwriters Laboratories, Inc. (UL): A |
| Tyler | | also prevent having to figure out the | | testing laboratory for manufactured |
| Boca Raton | | amount of any unused premium that is | | items to determine their safety |
| Flint | | due to you from your old insurance | | propensities. |
| San Francisco | | company, or having to spar with your | | |
| Santa Rosa | | agent about exactly when your policy | | Liquidity: The ability of an insurer to |
| Buffalo | | was cancelled and how much they | | convert its assets into cash to pay |
| Buffalo | | owe you. | | claims if necessary. |
