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| Albuquerque | | If you decide to cancel your policy | | Partial Loss: A loss covered by an |
| Tuscaloosa | | (after acquiring new coverage) | | insurance policy which does not |
| Grand Junction | | outside of the 30-day period, you may | | completely destroy or render |
| Palo Alto | | have to pay a fee or penalty. | | worthless the insured property. |
| Burbank | | However, you may still save money | | |
| Tacoma | | after paying the fee if your new policy | | Deductible: The portion of an insured |
| Muncie | | affords you significant savings. So | | loss to be borne by the insured |
| Reading | | while it is best to wait until your | | before he is entitled to recovery from |
| Evanston | | receive your renewal notice, you CAN | | the insurer. |
| Southfield | | cancel your policy at any time. | | |
| Albany | | | | Notice of Cancellation: Written notice |
| New Orleans | | The best time to switch policies is | | by an insurer of intent to cancel |
| Newburgh | | within one month of receiving your | | insurance, or written notice by an |
| Spokane | | policy renewal from your current | | insured requesting cancellation. |
| Lake Charles | | insurer. You can typically cancel your | | |
| Eugene | | policy without any fees or penalties if | | Losses Incurred: The total losses, |
| Coral Springs | | you act within this time period. | | whether paid or not, sustained by an |
| Columbus | | | | insurer during a given period, e.g., 12 |
| Jacksonville | | Why not take advantage of current | | months. |
| Killeen | | low prices? Many auto insurance | | |
| North Hollywood | | consumers are becoming educated | | Loss Frequency: The number of times |
| Albany | | on other companies, plans, and rates | | a loss occurs over a specific period |
| Henderson | | that are available to them; ones that | | of time. |
| Rockford | | could afford them significant savings | | |
| Elkhart | | on their auto insurance. | | Partnership Entity: The partnership |
| Chattanooga | | | | considered as an entity and not in |
| Ogden | | Healthy people have the best | | terms of its individual part-owners. |
| Tulsa | | mortality risks and thus are much | | |
| Miami | | cheaper for companies to insure. This | | Appraisal: An evaluation of property |
| Boulder | | translates into lower rates for the | | made to ascertain either the |
| Plano | | Super Preferred customer than | | appropriate amount of insurance to |
| Memphis | | someone with higher risk factors such | | be written or the amount of loss to be |
| Johnstown | | as a heart condition, cancer or | | paid. |
| Modesto | | diabetes. Conversely, if you were | | |
| Council Bluffs | | unhealthy when you acquired your | | |
| Hendersonville | | policy, and your health has now | | |
| Cranston | | improved, it might be time to shop for | | |
| Arlington | | a new policy, as your rates are likely | | |
| Florence | | to be lower. | | |
