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| Quincy | | The best time to switch policies is | | Insolvent Insurer: An insurer which is |
| Melbourne | | within one month of receiving your | | unable to meet its financial |
| Longview | | policy renewal from your current | | obligations. |
| Kalamazoo | | insurer. You can typically cancel your | | |
| Escondido | | policy without any fees or penalties if | | Retail Credit Company: The former |
| Augusta | | you act within this time period. | | name of Equifax, a credit reporting |
| Bloomington | | | | organization. See Equifax. |
| Bronx | | Why not take advantage of current | | |
| Albuquerque | | low prices? Many auto insurance | | Multi-Peril Policies: Policies which |
| Longview | | consumers are becoming educated | | cover a number of perils, such as fire, |
| York | | on other companies, plans, and rates | | burglary, and liability, in a single |
| San Antonio | | that are available to them; ones that | | contract. |
| Escondido | | could afford them significant savings | | |
| Pasadena | | on their auto insurance. | | Burning Ratio: The ratio of losses |
| Tacoma | | | | suffered to the amount of insurance in |
| Goldsboro | | If you have noticed that your auto | | effect. |
| Augusta | | insurance rates are still increasing | | |
| Manchester | | with each renewal, or even have not | | Valuation Clause: A clause stating the |
| Vineland | | gone down even though you have a | | value of items for insurance |
| Jonesboro | | great driving record, this lower pricing | | purposes, making it a valued policy. |
| Hattiesburg | | trend makes it more important then | | |
| Pasadena | | ever that you shop around for auto | | Tabular Plan: A retrospective rating |
| San Jose | | insurance. | | plan, which uses tables to furnish the |
| Cincinnati | | | | various values for the rating formula. |
| Fredericksburg | | While some companies raise their | | |
| Orange Park | | prices based on your actual age, | | Policy Period (or Term): The period |
| Jacksonville | | most companies increase the price of | | during which the policy contract |
| Lafayette | | their policies six months before your | | affords protection, e.g., six months or |
| Lawton | | birthday. Its a term called Age | | one or three years. |
| Marietta | | Nearest in the industry, and that | | |
| Carlsbad | | half-year price increase could really | | Indemnity: Restoration to the victim of |
| Erie | | add up over a 20-year term policy. As | | a loss by payment, repair, or |
| Goldsboro | | above, the quicker you purchase your | | replacement. |
| Acworth | | policy the better. | | |
