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| Toledo | | Individuals who have 30-year | | Insolvent Insurer: An insurer which is |
| Florence | | mortgages might want to consider a | | unable to meet its financial |
| Durham | | 30-year term to ensure that the house | | obligations. |
| Baltimore | | is protected throughout the period of | | |
| Lakewood | | the loan. | | Underinsurance: A condition in which |
| Edmond | | | | not enough insurance is carried to |
| El Paso | | Make sure you have a new policy in | | cover the insurable value. |
| Springfield | | place before you cancel your old one | | |
| Nashville | | to avoid a lapse in coverage. This will | | Valued: Relating to an agreement by |
| Fort Lauderdale | | also prevent having to figure out the | | an insurer to pay a specified amount |
| Chandler | | amount of any unused premium that is | | of money to or on behalf of the |
| Winter Park | | due to you from your old insurance | | insured upon occurrence of a defined |
| Mobile | | company, or having to spar with your | | loss. |
| Corona | | agent about exactly when your policy | | |
| Los Angeles | | was cancelled and how much they | | Net Retention: The amount of |
| Flushing | | owe you. | | insurance that a ceding company |
| Stockton | | | | keeps for its own account and does |
| Louisville | | While some companies raise their | | not reinsure. |
| Greeley | | prices based on your actual age, | | |
| Houma | | most companies increase the price of | | Partnership Entity: The partnership |
| Boca Raton | | their policies six months before your | | considered as an entity and not in |
| Toms River | | birthday. Its a term called Age | | terms of its individual part-owners. |
| Nashua | | Nearest in the industry, and that | | |
| Morristown | | half-year price increase could really | | Loss Frequency: The number of times |
| Cambridge | | add up over a 20-year term policy. As | | a loss occurs over a specific period |
| Thousand Oaks | | above, the quicker you purchase your | | of time. |
| Youngstown | | policy the better. | | |
| Lexington | | | | Divided Cover: The placing of |
| Columbus | | If you decide to cancel your policy | | insurance on a given subject or |
| Grand Prairie | | (after acquiring new coverage) | | object with more than one insurer. |
| Santa Ana | | outside of the 30-day period, you may | | |
| Scottsdale | | have to pay a fee or penalty. | | Other Insurance: The existence of |
| Fremont | | However, you may still save money | | other contracts covering the same |
| Brooklyn | | after paying the fee if your new policy | | interest and perils. |
| Stamford | | affords you significant savings. So | | |
| Jackson | | while it is best to wait until your | | |
| Canton | | receive your renewal notice, you CAN | | |
| San Antonio | | cancel your policy at any time. | | |
