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| Dayton | | The best time to switch policies is | | Other Insurance: The existence of |
| Albany | | within one month of receiving your | | other contracts covering the same |
| Richmond | | policy renewal from your current | | interest and perils. |
| Hickory | | insurer. You can typically cancel your | | |
| Columbus | | policy without any fees or penalties if | | Substandard Risk: A risk not |
| Torrance | | you act within this time period. | | measuring up to underwriting |
| Birmingham | | | | standards. It may still be written but |
| Springfield | | Healthy people have the best | | usually at a surcharged premium. |
| Canton | | mortality risks and thus are much | | |
| Corpus Christi | | cheaper for companies to insure. This | | Losses Outstanding: A summary |
| Anchorage | | translates into lower rates for the | | statement prepared by Property, Life, |
| Hollywood | | Super Preferred customer than | | and Liability insurers showing claims |
| Wilmington | | someone with higher risk factors such | | not yet settled. |
| Scranton | | as a heart condition, cancer or | | |
| Naperville | | diabetes. Conversely, if you were | | Net Loss: The amount of loss |
| Las Vegas | | unhealthy when you acquired your | | sustained by an insurer after giving |
| Augusta | | policy, and your health has now | | effect to all applicable reinsurance, |
| Hickory | | improved, it might be time to shop for | | salvage, and subrogation recoveries. |
| Woodbridge | | a new policy, as your rates are likely | | |
| Glendale | | to be lower. | | Flat Cancellation: A policy which is |
| Longmont | | | | cancelled upon its effective date. |
| Lowell | | People who are trying to quit | | Usually under a flat cancellation no |
| Huntington Beach | | smoking, for example, might be best | | premium charge is made. |
| North Hollywood | | suited purchasing a shorter term (and | | |
| Tempe | | then replacing it with a longer term | | Indemnify: To restore the victim of a |
| Fort Myers | | policy when they qualify for | | loss to the same position as before |
| Venice | | non-tobacco prices). | | the loss occurred. |
