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| Dearborn | | The best time to switch policies is | | Adjustment Bureau: A firm organized |
| Silver Spring | | within one month of receiving your | | to provide adjustment services to |
| Chicago | | policy renewal from your current | | insurers not wishing to create their |
| Eugene | | insurer. You can typically cancel your | | own claims division. |
| Cleveland | | policy without any fees or penalties if | | |
| Lubbock | | you act within this time period. | | Absolute Assignment: Assignment by |
| Independence | | | | a policy owner of all control of and |
| Houma | | Individuals who have 30-year | | rights in the policy to a third party. |
| Columbia | | mortgages might want to consider a | | |
| Conroe | | 30-year term to ensure that the house | | Independent Agent: An agent |
| Newark | | is protected throughout the period of | | operating as an independent |
| Greenville | | the loan. | | contractor under the independent |
| Dallas | | | | agency system. |
| Southfield | | The quickest and easiest way to | | |
| Muskegon | | shop for new insurance is by | | Indemnify: To restore the victim of a |
| Sarasota | | comparing rates at InsWebs online | | loss to the same position as before |
| Johnson City | | marketplace. If you do it the | | the loss occurred. |
| Roanoke | | old-fashioned way (by calling or | | |
| Spartanburg | | visiting multiple agents or insurance | | Basic Rate: The manual rate from |
| Scranton | | companies) it could take up a huge | | which discounts are taken or to which |
| Amarillo | | chunk of your time, which no one | | charges are added to reflect the |
| Pompano Beach | | wants or needs. By completing | | individual circumstances of a risk. |
| Lancaster | | InsWebs online application, you will | | |
| Kalamazoo | | have rates to compare to your old | | Burning Ratio: The ratio of losses |
| Fort Collins | | ones within minutes! | | suffered to the amount of insurance in |
| Clinton Township | | | | effect. |
| San Jose | | Everyone has different needs, and | | |
| Cleveland | | not one size fits all when it comes to | | Commission of Authority: A document |
| Union | | term life insurance. While it may make | | outlining the powers delegated to an |
| Jacksonville | | sense for people in their 30s and 40s | | agent by an insurer. |
| Beaumont | | to secure a 20-year term length, a | | |
| Bethlehem | | 10-year term might be more | | Net Loss: The amount of loss |
| Whittier | | appropriate for someone nearing | | sustained by an insurer after giving |
| Tucson | | retirement. | | effect to all applicable reinsurance, |
| Jersey City | | | | salvage, and subrogation recoveries. |
