| | | | |
|
| Scranton | | If you decide to cancel your policy | | Domestic Insurer (or Company): An |
| Spring Hill | | (after acquiring new coverage) | | insurer formed under the laws of the |
| Southfield | | outside of the 30-day period, you may | | state in which the insurance is written. |
| Ogden | | have to pay a fee or penalty. | | |
| Brooklyn | | However, you may still save money | | Producer: A term applied to an agent, |
| Houston | | after paying the fee if your new policy | | solicitor or other person who sells |
| Tucson | | affords you significant savings. So | | insurance. |
| Norwalk | | while it is best to wait until your | | |
| Ogden | | receive your renewal notice, you CAN | | Basic Rate: The manual rate from |
| Dallas | | cancel your policy at any time. | | which discounts are taken or to which |
| Jackson | | | | charges are added to reflect the |
| Sumter | | Individuals who have 30-year | | individual circumstances of a risk. |
| Hattiesburg | | mortgages might want to consider a | | |
| Youngstown | | 30-year term to ensure that the house | | Fictitious Groups: Groups formed |
| Morristown | | is protected throughout the period of | | primarily for the purpose of buying |
| St. Joseph | | the loan. | | insurance. Under the law such groups |
| Sacramento | | | | may not be underwritten. |
| Jasper | | While some companies raise their | | |
| Alexandria | | prices based on your actual age, | | Index Bureau Experience: A measure |
| Seattle | | most companies increase the price of | | of losses relating to claims reported |
| Boise | | their policies six months before your | | through a claim office during a |
| New Port Richey | | birthday. Its a term called Age | | 12-month period. |
| Westbury | | Nearest in the industry, and that | | |
| Woodbridge | | half-year price increase could really | | Broker of Record: A broker who has |
| Turlock | | add up over a 20-year term policy. As | | been designated to handle certain |
| Morristown | | above, the quicker you purchase your | | insurance contracts for the |
| St. Paul | | policy the better. | | policyholder. |
