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| Gainesville | | If you decide to cancel your policy | | Shock Loss: A catastrophic loss so |
| Mobile | | (after acquiring new coverage) | | large that it has a material effect on |
| Odessa | | outside of the 30-day period, you may | | the underwriting results of a company. |
| Fall River | | have to pay a fee or penalty. | | |
| Omaha | | However, you may still save money | | Index Bureau Experience: A measure |
| Dothan | | after paying the fee if your new policy | | of losses relating to claims reported |
| Flushing | | affords you significant savings. So | | through a claim office during a |
| Tuscaloosa | | while it is best to wait until your | | 12-month period. |
| Waterloo | | receive your renewal notice, you CAN | | |
| Franklin | | cancel your policy at any time. | | Malicious Mischief: Similar to |
| Knoxville | | | | vandalism. Purposely damaging the |
| Youngstown | | Healthy people have the best | | rights or property of another. |
| Irving | | mortality risks and thus are much | | |
| Williamsburg | | cheaper for companies to insure. This | | Collusion: An agreement, usually |
| Stockbridge | | translates into lower rates for the | | secret, between two or more persons |
| St. Paul | | Super Preferred customer than | | to defraud or deprive another or |
| Milwaukee | | someone with higher risk factors such | | others of their property or rights. |
| Hemet | | as a heart condition, cancer or | | |
| Cincinnati | | diabetes. Conversely, if you were | | Appraisal: An evaluation of property |
| Omaha | | unhealthy when you acquired your | | made to ascertain either the |
| Abilene | | policy, and your health has now | | appropriate amount of insurance to |
| Chula Vista | | improved, it might be time to shop for | | be written or the amount of loss to be |
| Charleston | | a new policy, as your rates are likely | | paid. |
| Wilmington | | to be lower. | | |
| Chicago | | | | Retrospective Premium: The final |
| Savannah | | Make sure you have a new policy in | | premium in a retrospective rating |
| Slidell | | place before you cancel your old one | | plan. See Retrospective Rating. |
| Tempe | | to avoid a lapse in coverage. This will | | |
| Jonesboro | | also prevent having to figure out the | | Tabular Plan: A retrospective rating |
| Acworth | | amount of any unused premium that is | | plan, which uses tables to furnish the |
| St. Joseph | | due to you from your old insurance | | various values for the rating formula. |
| Raleigh | | company, or having to spar with your | | |
| Baltimore | | agent about exactly when your policy | | You/Your: These words are used to |
| Winter Haven | | was cancelled and how much they | | refer to the named insured in many of |
| Columbus | | owe you. | | the modernized/personalized policy |
| Tempe | | | | forms. |
