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| Tallahassee | | The quickest and easiest way to | | Monoline Policy: Any insurance |
| Quincy | | shop for new insurance is by | | coverage written as a single line |
| Garland | | comparing rates at InsWebs online | | policy. Contrast with Multiple Line or |
| Decatur | | marketplace. If you do it the | | Package policy. |
| Bloomington | | old-fashioned way (by calling or | | |
| Fayetteville | | visiting multiple agents or insurance | | Indemnity: Restoration to the victim of |
| Harrisburg | | companies) it could take up a huge | | a loss by payment, repair, or |
| Albuquerque | | chunk of your time, which no one | | replacement. |
| Tuscaloosa | | wants or needs. By completing | | |
| Atlanta | | InsWebs online application, you will | | Inspection: Independent checking on |
| Minneapolis | | have rates to compare to your old | | facts about an applicant, |
| Racine | | ones within minutes! | | policyholder, or claimant, usually by a |
| Biloxi | | | | commercial inspection agency. |
| Spring Hill | | If you decide to cancel your policy | | |
| Springfield | | (after acquiring new coverage) | | Provisions: Statements contained in |
| Malden | | outside of the 30-day period, you may | | an insurance policy which explain the |
| Sterling Heights | | have to pay a fee or penalty. | | benefits, conditions and other |
| Springfield | | However, you may still save money | | features of the insurance contract. |
| Asheville | | after paying the fee if your new policy | | |
| Escondido | | affords you significant savings. So | | Effective Date: The date on which the |
| Newark | | while it is best to wait until your | | protection of an insurance policy or |
| Jacksonville | | receive your renewal notice, you CAN | | bond goes into effect. |
| Lafayette | | cancel your policy at any time. | | |
| Buffalo | | | | Standard Industry Code (SIC): This is |
| Edison | | Individuals who have 30-year | | a coding system which assigns |
| Johnstown | | mortgages might want to consider a | | separate codes for different types of |
| Cranston | | 30-year term to ensure that the house | | industries. |
| Dubuque | | is protected throughout the period of | | |
| Reading | | the loan. | | Net Loss: The amount of loss |
| Fairfax | | | | sustained by an insurer after giving |
| St. Paul | | The best time to switch policies is | | effect to all applicable reinsurance, |
| Bloomington | | within one month of receiving your | | salvage, and subrogation recoveries. |
| Jacksonville | | policy renewal from your current | | |
| Cambridge | | insurer. You can typically cancel your | | Provisional Rate: Tentative rates, |
| Norfolk | | policy without any fees or penalties if | | premiums or commissions that are |
| Worcester | | you act within this time period. | | subject to subsequent adjustment. |
| Pompano Beach | | | | See Commission and Premium. |
