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| Billings | | Make sure you have a new policy in | | Domestic Insurer (or Company): An |
| New Port Richey | | place before you cancel your old one | | insurer formed under the laws of the |
| Newport Beach | | to avoid a lapse in coverage. This will | | state in which the insurance is written. |
| Norfolk | | also prevent having to figure out the | | |
| Metairie | | amount of any unused premium that is | | Valuation Clause: A clause stating the |
| Turlock | | due to you from your old insurance | | value of items for insurance |
| Melbourne | | company, or having to spar with your | | purposes, making it a valued policy. |
| Jonesboro | | agent about exactly when your policy | | |
| Greenville | | was cancelled and how much they | | Deductible: The portion of an insured |
| Killeen | | owe you. | | loss to be borne by the insured |
| Arlington | | | | before he is entitled to recovery from |
| Colorado Springs | | If you have noticed that your auto | | the insurer. |
| Staten Island | | insurance rates are still increasing | | |
| Vancouver | | with each renewal, or even have not | | Incurred Expense: Expenses not yet |
| Gainesville | | gone down even though you have a | | paid. Can also include paid |
| San Diego | | great driving record, this lower pricing | | expenses in some accounting |
| Panama City | | trend makes it more important then | | systems. |
| Ventura | | ever that you shop around for auto | | |
| Florissant | | insurance. | | Brokerage Department: A department |
| Richmond | | | | of an insurer whose purpose is to |
| Naples | | The best time to switch policies is | | deal with brokers in the placing of |
| Stamford | | within one month of receiving your | | insurance. |
| Akron | | policy renewal from your current | | |
| Chesapeake | | insurer. You can typically cancel your | | Amendment: A formal document |
| Cape Coral | | policy without any fees or penalties if | | which corrects or revises an |
| Spartanburg | | you act within this time period. | | insurance master policy. |
