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| Atlanta | | While some companies raise their | | Insurance to Value: Insurance written |
| Naperville | | prices based on your actual age, | | in an amount approximating the value |
| Lake Charles | | most companies increase the price of | | of the property insured. |
| New Orleans | | their policies six months before your | | |
| Dearborn | | birthday. Its a term called Age | | Tickler: A reminder system used to |
| Newport News | | Nearest in the industry, and that | | call an individual's attention to actions |
| Valdosta | | half-year price increase could really | | that must be taken at a future point in |
| Omaha | | add up over a 20-year term policy. As | | time. |
| Norwalk | | above, the quicker you purchase your | | |
| Muskegon | | policy the better. | | Single Limit: Any insurance coverage |
| West Palm Beach | | | | which is expressed as a single |
| Fort Wayne | | If you decide to cancel your policy | | amount of insurance, or a single limit |
| Plano | | (after acquiring new coverage) | | of liability. Contrast with Split Limit. |
| South Bend | | outside of the 30-day period, you may | | |
| Tyler | | have to pay a fee or penalty. | | New For Old: Replacing old |
| Allentown | | However, you may still save money | | damaged parts or equipment with |
| Palm Harbor | | after paying the fee if your new policy | | new ones rather than repairing them. |
| Springfield | | affords you significant savings. So | | |
| Fall River | | while it is best to wait until your | | Criticism: A correction suggested by a |
| Staten Island | | receive your renewal notice, you CAN | | rating or auditing bureau to an insurer. |
| Sioux City | | cancel your policy at any time. | | |
| Rome | | | | Loss Adjustment Expense: The cost |
| Waterloo | | The quickest and easiest way to | | of adjusting losses, excluding the |
| Belleville | | shop for new insurance is by | | amount of the loss itself. |
| Bakersfield | | comparing rates at InsWebs online | | |
| Lancaster | | marketplace. If you do it the | | Lapsed Policy: One which has been |
| West Palm Beach | | old-fashioned way (by calling or | | allowed to expire because of |
| Vineland | | visiting multiple agents or insurance | | nonpayment of premiums. |
| Goldsboro | | companies) it could take up a huge | | |
| Portsmouth | | chunk of your time, which no one | | Level Commission System: A system |
| Downey | | wants or needs. By completing | | of commissions in which the first year |
| Palm Desert | | InsWebs online application, you will | | and all renewal commissions are the |
| Muncie | | have rates to compare to your old | | same percentage of the premium. |
| Bloomington | | ones within minutes! | | |