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| Union | | If you have noticed that your auto | | Valued: Relating to an agreement by |
| Billings | | insurance rates are still increasing | | an insurer to pay a specified amount |
| Charleston | | with each renewal, or even have not | | of money to or on behalf of the |
| Long Island City | | gone down even though you have a | | insured upon occurrence of a defined |
| Grand Junction | | great driving record, this lower pricing | | loss. |
| Tacoma | | trend makes it more important then | | |
| Montgomery | | ever that you shop around for auto | | Flat Cancellation: A policy which is |
| Durham | | insurance. | | cancelled upon its effective date. |
| Johnstown | | | | Usually under a flat cancellation no |
| Mobile | | Make sure you have a new policy in | | premium charge is made. |
| Warwick | | place before you cancel your old one | | |
| Sumter | | to avoid a lapse in coverage. This will | | Society of Insurance Research: An |
| Boise | | also prevent having to figure out the | | organization which encourages |
| Topeka | | amount of any unused premium that is | | insurance research and promotes the |
| Birmingham | | due to you from your old insurance | | exchange of ideas and methods of |
| Lakeland | | company, or having to spar with your | | research. |
| Harrisburg | | agent about exactly when your policy | | |
| Warwick | | was cancelled and how much they | | Basic Rate: The manual rate from |
| Augusta | | owe you. | | which discounts are taken or to which |
| Albany | | | | charges are added to reflect the |
| Louisville | | Everyone has different needs, and | | individual circumstances of a risk. |
| Hickory | | not one size fits all when it comes to | | |
| Colorado Springs | | term life insurance. While it may make | | Gross Premium: The net premium |
| Anchorage | | sense for people in their 30s and 40s | | plus operating expenses, |
| Lakeland | | to secure a 20-year term length, a | | commissions and other expenses. |
| Hampton | | 10-year term might be more | | |
| Pueblo | | appropriate for someone nearing | | Premium Notice: A form notice from |
| Peoria | | retirement. | | an insurer or agency to a policy |
| Los Angeles | | | | owner that a premium will be due on a |
| Newport Beach | | The best time to switch policies is | | given date. |
| Lawton | | within one month of receiving your | | |
| Boston | | policy renewal from your current | | Depreciation: A decrease in the value |
| Decatur | | insurer. You can typically cancel your | | of any type of tangible property over |
| Lexington | | policy without any fees or penalties if | | a period of time resulting from use, |
| Lexington | | you act within this time period. | | wear and tear, or obsolescence. |
