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| Wilmington | | While some companies raise their | | Sole Proprietorship: A business |
| Erie | | prices based on your actual age, | | enterprise owned by one person who |
| Seattle | | most companies increase the price of | | is its manager and employee. |
| Lima | | their policies six months before your | | |
| Erie | | birthday. Its a term called Age | | Deficit Carried Forward: The transfer |
| Yonkers | | Nearest in the industry, and that | | of a debit balance from one |
| Williamsport | | half-year price increase could really | | accounting period to another. |
| Olympia | | add up over a 20-year term policy. As | | |
| Duluth | | above, the quicker you purchase your | | Deductible: The portion of an insured |
| Cherry Hill | | policy the better. | | loss to be borne by the insured |
| Lima | | | | before he is entitled to recovery from |
| Salem | | The best time to switch policies is | | the insurer. |
| Baltimore | | within one month of receiving your | | |
| Hampton | | policy renewal from your current | | Appraisal: An evaluation of property |
| Rome | | insurer. You can typically cancel your | | made to ascertain either the |
| Carlsbad | | policy without any fees or penalties if | | appropriate amount of insurance to |
| St. Paul | | you act within this time period. | | be written or the amount of loss to be |
| Texarkana | | | | paid. |
| Cypress | | Shopping around is the best way to | | |
| Spring Hill | | save money on your insurance. | | Agency Contract (or Agreement): The |
| Dothan | | | | document which establishes the legal |
| Springfield | | People who are trying to quit | | relationship between an agent and an |
| Bradenton | | smoking, for example, might be best | | insurer. |
| Columbia | | suited purchasing a shorter term (and | | |
| Charleston | | then replacing it with a longer term | | Policy Period (or Term): The period |
| Naples | | policy when they qualify for | | during which the policy contract |
| Honolulu | | non-tobacco prices). | | affords protection, e.g., six months or |
| Little Rock | | | | one or three years. |
| Duluth | | Healthy people have the best | | |
| Cherry Hill | | mortality risks and thus are much | | Brokerage Department: A department |
| Kansas City | | cheaper for companies to insure. This | | of an insurer whose purpose is to |
| Greeley | | translates into lower rates for the | | deal with brokers in the placing of |
| Irving | | Super Preferred customer than | | insurance. |
| Fayetteville | | someone with higher risk factors such | | |
| Sioux Falls | | as a heart condition, cancer or | | |
| Phoenix | | diabetes. Conversely, if you were | | |
| Long Island City | | unhealthy when you acquired your | | |
| Kalamazoo | | policy, and your health has now | | |
| Columbus | | improved, it might be time to shop for | | |
| Waco | | a new policy, as your rates are likely | | |
| Irvine | | to be lower. | | |
