| | | | |
|
| Pasadena | | The quickest and easiest way to | | Retrospective Premium: The final |
| Huntington | | shop for new insurance is by | | premium in a retrospective rating |
| Troy | | comparing rates at InsWebs online | | plan. See Retrospective Rating. |
| Billings | | marketplace. If you do it the | | |
| Oakland | | old-fashioned way (by calling or | | Mandatory Valuation Reserve: A |
| Richmond | | visiting multiple agents or insurance | | reserve required by a state law to |
| Minneapolis | | companies) it could take up a huge | | offset any declines in the valuation of |
| Duluth | | chunk of your time, which no one | | securities listed as admitted assets. |
| Billings | | wants or needs. By completing | | |
| Mesquite | | InsWebs online application, you will | | FICA. Federal Insurance Contributions |
| Cape Coral | | have rates to compare to your old | | Act: A law imposing a payroll tax to |
| Nashville | | ones within minutes! | | assist in funding Social Security |
| Kingsport | | | | benefits. |
| Salt Lake City | | Shopping around is the best way to | | |
| Plano | | save money on your insurance. | | Effective Date: The date on which the |
| Albany | | | | protection of an insurance policy or |
| Chula Vista | | Healthy people have the best | | bond goes into effect. |
| Austin | | mortality risks and thus are much | | |
| Stockbridge | | cheaper for companies to insure. This | | Single Limit: Any insurance coverage |
| Sacramento | | translates into lower rates for the | | which is expressed as a single |
| Lafayette | | Super Preferred customer than | | amount of insurance, or a single limit |
| Grand Rapids | | someone with higher risk factors such | | of liability. Contrast with Split Limit. |
| Fort Collins | | as a heart condition, cancer or | | |
| Sioux Falls | | diabetes. Conversely, if you were | | Open Rating: A system whereby a |
| Savannah | | unhealthy when you acquired your | | state allows an insurer to use rates |
| Lake Worth | | policy, and your health has now | | without prior approval. |
| Fort Wayne | | improved, it might be time to shop for | | |
| Tallahassee | | a new policy, as your rates are likely | | Premises: The particular location of |
| Lima | | to be lower. | | property or a portion thereof as |
| Milwaukee | | | | designated in a policy. |
| Long Beach | | If you decide to cancel your policy | | |
| Muncie | | (after acquiring new coverage) | | Index Bureau Experience: A measure |
| Independence | | outside of the 30-day period, you may | | of losses relating to claims reported |
| Madison | | have to pay a fee or penalty. | | through a claim office during a |
| West Palm Beach | | However, you may still save money | | 12-month period. |
| Killeen | | after paying the fee if your new policy | | |
| Philadelphia | | affords you significant savings. So | | |
| Turlock | | while it is best to wait until your | | |
| Worcester | | receive your renewal notice, you CAN | | |
| Anderson | | cancel your policy at any time. | | |
