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| Arlington | | The best time to switch policies is | | Shock Loss: A catastrophic loss so |
| Burbank | | within one month of receiving your | | large that it has a material effect on |
| Racine | | policy renewal from your current | | the underwriting results of a company. |
| Billings | | insurer. You can typically cancel your | | |
| Killeen | | policy without any fees or penalties if | | Submitted Business: Applications for |
| Jackson | | you act within this time period. | | insurance submitted to an insurer but |
| Hot Springs | | | | not yet acted upon by it. |
| Silver Spring | | People who are trying to quit | | |
| Raleigh | | smoking, for example, might be best | | Admitted (or Allowed) Assets: Assets |
| Pueblo | | suited purchasing a shorter term (and | | whose values are permitted by state |
| White Plains | | then replacing it with a longer term | | law to be included in the annual |
| Malden | | policy when they qualify for | | statement of the insurer. |
| Huntington Beach | | non-tobacco prices). | | |
| Lubbock | | | | Gross Line: The total limit accepted |
| Grand Junction | | If you decide to cancel your policy | | by an insurer on an individual risk, |
| Anaheim | | (after acquiring new coverage) | | including the amount to be reinsured. |
| Marietta | | outside of the 30-day period, you may | | |
| Southfield | | have to pay a fee or penalty. | | Partnership Entity: The partnership |
| St. Paul | | However, you may still save money | | considered as an entity and not in |
| Augusta | | after paying the fee if your new policy | | terms of its individual part-owners. |
| Minneapolis | | affords you significant savings. So | | |
| St. Paul | | while it is best to wait until your | | Building Code: This refers to |
| Williamsburg | | receive your renewal notice, you CAN | | municipal or other governmental |
| Jersey City | | cancel your policy at any time. | | ordinances regulating the type of |
| Tyler | | | | construction of buildings within its |
| Irvine | | Why not take advantage of current | | jurisdiction. |
| Abilene | | low prices? Many auto insurance | | |
| Duluth | | consumers are becoming educated | | Cut Rate: This term generally applies |
| North Hollywood | | on other companies, plans, and rates | | to insurance companies who charge |
| Spartanburg | | that are available to them; ones that | | premiums below a normal or average |
| Arlington | | could afford them significant savings | | rate. |
| Huntington Beach | | on their auto insurance. | | |
| Woodbridge | | | | Renewal: The reestablishment of the |
| Hartford | | The quickest and easiest way to | | in-force status of a policy, the term of |
| Inglewood | | shop for new insurance is by | | which has expired or will expire |
| Chattanooga | | comparing rates at InsWebs online | | unless it is renewed. |
| Lincoln | | marketplace. If you do it the | | |
| Pompano Beach | | old-fashioned way (by calling or | | |
| Flushing | | visiting multiple agents or insurance | | |
| Ocala | | companies) it could take up a huge | | |
| Fremont | | chunk of your time, which no one | | |
| Quincy | | wants or needs. By completing | | |
| Staten Island | | InsWebs online application, you will | | |
| Miami | | have rates to compare to your old | | |
| Elkhart | | ones within minutes! | | |
