| | | | |
|
| Boston | | The best time to switch policies is | | Mandatory Valuation Reserve: A |
| Nashville | | within one month of receiving your | | reserve required by a state law to |
| Elkhart | | policy renewal from your current | | offset any declines in the valuation of |
| Poughkeepsie | | insurer. You can typically cancel your | | securities listed as admitted assets. |
| Springfield | | policy without any fees or penalties if | | |
| Staten Island | | you act within this time period. | | Lloyd's Broker: A person who has the |
| Quincy | | | | authority to negotiate insurance |
| South Bend | | If you have noticed that your auto | | contracts with the underwriters on the |
| Jacksonville | | insurance rates are still increasing | | floor at Lloyd's. |
| Boca Raton | | with each renewal, or even have not | | |
| Longview | | gone down even though you have a | | First Party Insurance: Insurance which |
| Delray Beach | | great driving record, this lower pricing | | applies to coverage for the insured's |
| Santa Rosa | | trend makes it more important then | | own property or person. Contrast with |
| Ventura | | ever that you shop around for auto | | Third Party Insurance. |
| Fayetteville | | insurance. | | |
| Burbank | | | | Claim Expense: The expense of |
| Redlands | | People who are trying to quit | | adjusting a claim, such as |
| Slidell | | smoking, for example, might be best | | investigation and attorneys' fees. It |
| West Palm Beach | | suited purchasing a shorter term (and | | does not include the cost of the claim |
| Anderson | | then replacing it with a longer term | | itself. |
| Wichita | | policy when they qualify for | | |
| Pompano Beach | | non-tobacco prices). | | Brokerage Department: A department |
| Clinton Township | | | | of an insurer whose purpose is to |
| Duluth | | Individuals who have 30-year | | deal with brokers in the placing of |
| Melbourne | | mortgages might want to consider a | | insurance. |
| Hampton | | 30-year term to ensure that the house | | |
| Bloomington | | is protected throughout the period of | | Time Limits: The limits of time within |
| Austin | | the loan. | | which notice of a claim and proof of a |
| Buffalo | | | | loss must be submitted. |
| Westbury | | Everyone has different needs, and | | |
| Morristown | | not one size fits all when it comes to | | Criticism: A correction suggested by a |
| Baton Rouge | | term life insurance. While it may make | | rating or auditing bureau to an insurer. |
| Evansville | | sense for people in their 30s and 40s | | |
| Garland | | to secure a 20-year term length, a | | Claim Report: A report filed by an |
| Knoxville | | 10-year term might be more | | agent setting forth the facts of a claim. |
| Huntington | | appropriate for someone nearing | | Same as Loss Report. |
| Lafayette | | retirement. | | |
