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| Rome | | Why not take advantage of current | | You/Your: These words are used to |
| Oakland | | low prices? Many auto insurance | | refer to the named insured in many of |
| Ocala | | consumers are becoming educated | | the modernized/personalized policy |
| Reno | | on other companies, plans, and rates | | forms. |
| Torrance | | that are available to them; ones that | | |
| Reno | | could afford them significant savings | | Notice of Cancellation: Written notice |
| Dearborn | | on their auto insurance. | | by an insurer of intent to cancel |
| Des Moines | | | | insurance, or written notice by an |
| Alexandria | | If you decide to cancel your policy | | insured requesting cancellation. |
| Cranston | | (after acquiring new coverage) | | |
| Independence | | outside of the 30-day period, you may | | Convention Values: Values assigned |
| Coral Springs | | have to pay a fee or penalty. | | to insurers' assets in the convention |
| Irving | | However, you may still save money | | blank. |
| Longwood | | after paying the fee if your new policy | | |
| Evansville | | affords you significant savings. So | | Appraisal: An evaluation of property |
| Atlanta | | while it is best to wait until your | | made to ascertain either the |
| St. Joseph | | receive your renewal notice, you CAN | | appropriate amount of insurance to |
| Tulsa | | cancel your policy at any time. | | be written or the amount of loss to be |
| Fayetteville | | | | paid. |
| Topeka | | While some companies raise their | | |
| Las Cruces | | prices based on your actual age, | | Calendar Year Experience: This |
| Boca Raton | | most companies increase the price of | | measures the premiums and losses |
| Erie | | their policies six months before your | | entered on accounting records during |
| Bloomington | | birthday. Its a term called Age | | the 12-month calendar. |
| Trenton | | Nearest in the industry, and that | | |
| Evanston | | half-year price increase could really | | Domestic Insurer (or Company): An |
| Johnstown | | add up over a 20-year term policy. As | | insurer formed under the laws of the |
| Springfield | | above, the quicker you purchase your | | state in which the insurance is written. |
| Richmond | | policy the better. | | |
| Austin | | | | Criticism: A correction suggested by a |
| Norwalk | | Individuals who have 30-year | | rating or auditing bureau to an insurer. |
| Palo Alto | | mortgages might want to consider a | | |
| Austin | | 30-year term to ensure that the house | | Flat Cancellation: A policy which is |
| Duluth | | is protected throughout the period of | | cancelled upon its effective date. |
| Mansfield | | the loan. | | Usually under a flat cancellation no |
| Winter Haven | | | | premium charge is made. |
