| | | | |
|
| Fresno | | The quickest and easiest way to | | Line of Business: The classification of |
| Long Island City | | shop for new insurance is by | | business as utilized in the insurance |
| Schaumburg | | comparing rates at InsWebs online | | industry, e.g., Fire, Allied Lines and |
| Chula Vista | | marketplace. If you do it the | | Homeowners. |
| Slidell | | old-fashioned way (by calling or | | |
| Lakewood | | visiting multiple agents or insurance | | Index Bureau Experience: A measure |
| Gainesville | | companies) it could take up a huge | | of losses relating to claims reported |
| High Point | | chunk of your time, which no one | | through a claim office during a |
| Burbank | | wants or needs. By completing | | 12-month period. |
| Valdosta | | InsWebs online application, you will | | |
| Reading | | have rates to compare to your old | | Commercial Lines: This term is used |
| Boynton Beach | | ones within minutes! | | to refer to insurance for businesses, |
| Boston | | | | professionals, and commercial |
| Rome | | At InsWeb, you can compare free | | establishments. |
| Bethlehem | | online insurance quotes from many of | | |
| Cypress | | the nations leading insurance | | Tabular Plan: A retrospective rating |
| Alpharetta | | companies. | | plan, which uses tables to furnish the |
| Flushing | | | | various values for the rating formula. |
| Vero Beach | | The best time to switch policies is | | |
| Des Moines | | within one month of receiving your | | Legislative Risk: A risk faced by |
| Palm Harbor | | policy renewal from your current | | investors whereby changes in tax |
| Reading | | insurer. You can typically cancel your | | laws can result in adverse effects on |
| Hartford | | policy without any fees or penalties if | | the individual's investment results. |
| Midland | | you act within this time period. | | |
| Fall River | | | | Policy Period (or Term): The period |
| Clarksville | | Healthy people have the best | | during which the policy contract |
| Fayetteville | | mortality risks and thus are much | | affords protection, e.g., six months or |
| Philadelphia | | cheaper for companies to insure. This | | one or three years. |
| Decatur | | translates into lower rates for the | | |
| Gaithersburg | | Super Preferred customer than | | Mandatory Valuation Reserve: A |
| Portland | | someone with higher risk factors such | | reserve required by a state law to |
| Sioux City | | as a heart condition, cancer or | | offset any declines in the valuation of |
| Vancouver | | diabetes. Conversely, if you were | | securities listed as admitted assets. |
| Scranton | | unhealthy when you acquired your | | |
| Decatur | | policy, and your health has now | | |
| Quincy | | improved, it might be time to shop for | | |
| Warren | | a new policy, as your rates are likely | | |
| Miami | | to be lower. | | |
