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| Overland Park | | The best time to switch policies is | | Insurance to Value: Insurance written |
| Augusta | | within one month of receiving your | | in an amount approximating the value |
| Huntsville | | policy renewal from your current | | of the property insured. |
| Chula Vista | | insurer. You can typically cancel your | | |
| Belleville | | policy without any fees or penalties if | | Short Rate Premium: The premium |
| Fort Worth | | you act within this time period. | | required for issuing a policy for a |
| Louisville | | | | period less than its normal term. |
| Mesa | | Healthy people have the best | | |
| Pueblo | | mortality risks and thus are much | | Lapsed Policy: One which has been |
| Canton | | cheaper for companies to insure. This | | allowed to expire because of |
| Dubuque | | translates into lower rates for the | | nonpayment of premiums. |
| Wichita | | Super Preferred customer than | | |
| Buffalo | | someone with higher risk factors such | | Incurred Expense: Expenses not yet |
| Madison | | as a heart condition, cancer or | | paid. Can also include paid |
| San Antonio | | diabetes. Conversely, if you were | | expenses in some accounting |
| Augusta | | unhealthy when you acquired your | | systems. |
| Garland | | policy, and your health has now | | |
| Franklin | | improved, it might be time to shop for | | Gross Line: The total limit accepted |
| Dallas | | a new policy, as your rates are likely | | by an insurer on an individual risk, |
| Oakland | | to be lower. | | including the amount to be reinsured. |
