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| Portsmouth | | Individuals who have 30-year | | Equity: The money value of an |
| Glendale | | mortgages might want to consider a | | insurance company that is over and |
| Worcester | | 30-year term to ensure that the house | | above its liabilities. Liabilities include |
| Cincinnati | | is protected throughout the period of | | almost all of its reserves. |
| Edmond | | the loan. | | |
| Washington | | | | Calendar Year Experience: This |
| Lakewood | | If you decide to cancel your policy | | measures the premiums and losses |
| Owensboro | | (after acquiring new coverage) | | entered on accounting records during |
| Wichita Falls | | outside of the 30-day period, you may | | the 12-month calendar. |
| Clearwater | | have to pay a fee or penalty. | | |
| Amarillo | | However, you may still save money | | Short-Term Policy: A policy written for |
| Lubbock | | after paying the fee if your new policy | | a period of less time than is normal for |
| Ventura | | affords you significant savings. So | | that type of policy. |
| Melbourne | | while it is best to wait until your | | |
| Fayetteville | | receive your renewal notice, you CAN | | Agent's Qualification Law: Education, |
| Abilene | | cancel your policy at any time. | | experience, and other requirements |
| Southfield | | | | imposed by the state upon persons |
| Clarksville | | Why not take advantage of current | | desiring to be licensed as agents. |
| Hemet | | low prices? Many auto insurance | | |
| Englewood | | consumers are becoming educated | | Premium: The price of insurance |
| Flushing | | on other companies, plans, and rates | | protection for a specified risk for a |
| Youngstown | | that are available to them; ones that | | specified period of time. |
| Burbank | | could afford them significant savings | | |
| Naples | | on their auto insurance. | | Mutualization: The process of |
| Reading | | | | converting a stock insurer to a mutual |
| Lubbock | | Shopping around is the best way to | | insurer, accomplished by having the |
| Mobile | | save money on your insurance. | | insurer buy stock and retire it. |
