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| Kingsport | | While some companies raise their | | Convention Values: Values assigned |
| Orange | | prices based on your actual age, | | to insurers' assets in the convention |
| St. Paul | | most companies increase the price of | | blank. |
| Brooklyn | | their policies six months before your | | |
| Bakersfield | | birthday. Its a term called Age | | Flat Cancellation: A policy which is |
| Syracuse | | Nearest in the industry, and that | | cancelled upon its effective date. |
| Boynton Beach | | half-year price increase could really | | Usually under a flat cancellation no |
| Cypress | | add up over a 20-year term policy. As | | premium charge is made. |
| Scottsdale | | above, the quicker you purchase your | | |
| Harlingen | | policy the better. | | Expense Allowance: A compensation |
| Atlanta | | | | paid to an insurance agent in excess |
| Winter Park | | If you decide to cancel your policy | | of prescribed commissions. |
| Goldsboro | | (after acquiring new coverage) | | |
| Newark | | outside of the 30-day period, you may | | Independent Contractor: One who |
| Elkhart | | have to pay a fee or penalty. | | agrees to perform according to a |
| Gainesville | | However, you may still save money | | contract and who is not an employee. |
| Sioux Falls | | after paying the fee if your new policy | | |
| Ventura | | affords you significant savings. So | | Premium Receipt: The receipt given |
| Arlington | | while it is best to wait until your | | a policy owner for the payment of a |
| Clearwater | | receive your renewal notice, you CAN | | premium. |
| Columbus | | cancel your policy at any time. | | |
| Tucson | | | | Agency Contract (or Agreement): The |
| Portsmouth | | The best time to switch policies is | | document which establishes the legal |
| Naperville | | within one month of receiving your | | relationship between an agent and an |
| Woodbridge | | policy renewal from your current | | insurer. |
| Chandler | | insurer. You can typically cancel your | | |
| Duluth | | policy without any fees or penalties if | | Policy Period (or Term): The period |
| Phoenix | | you act within this time period. | | during which the policy contract |
| Daytona Beach | | | | affords protection, e.g., six months or |
| Spokane | | The quickest and easiest way to | | one or three years. |
| Woodbridge | | shop for new insurance is by | | |
| Waterloo | | comparing rates at InsWebs online | | Commission of Authority: A document |
| Lake Charles | | marketplace. If you do it the | | outlining the powers delegated to an |
| Quincy | | old-fashioned way (by calling or | | agent by an insurer. |
| Williamsburg | | visiting multiple agents or insurance | | |
| Fayetteville | | companies) it could take up a huge | | |
| Abilene | | chunk of your time, which no one | | |
| Grand Rapids | | wants or needs. By completing | | |
| Albuquerque | | InsWebs online application, you will | | |
| Sunnyvale | | have rates to compare to your old | | |
| Boston | | ones within minutes! | | |
