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| Berkeley | | Individuals who have 30-year | | Minimum Premium: The smallest |
| Colorado Springs | | mortgages might want to consider a | | amount of premium for which an |
| Las Vegas | | 30-year term to ensure that the house | | insurer will issue coverage under a |
| Hartford | | is protected throughout the period of | | given policy. |
| Chesapeake | | the loan. | | |
| Albany | | | | Renewal: The reestablishment of the |
| Kalamazoo | | The quickest and easiest way to | | in-force status of a policy, the term of |
| Nashua | | shop for new insurance is by | | which has expired or will expire |
| Hot Springs | | comparing rates at InsWebs online | | unless it is renewed. |
| St. Paul | | marketplace. If you do it the | | |
| Longwood | | old-fashioned way (by calling or | | Burning Ratio: The ratio of losses |
| Amarillo | | visiting multiple agents or insurance | | suffered to the amount of insurance in |
| Southfield | | companies) it could take up a huge | | effect. |
| Elkhart | | chunk of your time, which no one | | |
| Staten Island | | wants or needs. By completing | | Coding: A method of putting |
| Rockford | | InsWebs online application, you will | | information into a numerical form for |
| Mobile | | have rates to compare to your old | | statistical use. Most information on |
| Scottsdale | | ones within minutes! | | policies is coded and then put into |
| Muncie | | | | reports. |
| Portsmouth | | While some companies raise their | | |
| Reading | | prices based on your actual age, | | Initial Premium: An amount paid at the |
| Chicago | | most companies increase the price of | | inception of an insurance contract, |
| Lansing | | their policies six months before your | | usually subject to adjustment at the |
| Jackson | | birthday. Its a term called Age | | end of the policy period. |
| Hampton | | Nearest in the industry, and that | | |
| Florissant | | half-year price increase could really | | Underwriters Laboratories, Inc. (UL): A |
| Jasper | | add up over a 20-year term policy. As | | testing laboratory for manufactured |
| Yonkers | | above, the quicker you purchase your | | items to determine their safety |
| Decatur | | policy the better. | | propensities. |
