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| Manchester | | If you decide to cancel your policy | | Claim: A demand made by the |
| Acworth | | (after acquiring new coverage) | | insured, or the insured's beneficiary, |
| Bayside | | outside of the 30-day period, you may | | for payment of the benefits provided |
| Syracuse | | have to pay a fee or penalty. | | by the contract. |
| Atlanta | | However, you may still save money | | |
| Franklin | | after paying the fee if your new policy | | Effective Date: The date on which the |
| Hampton | | affords you significant savings. So | | protection of an insurance policy or |
| Springfield | | while it is best to wait until your | | bond goes into effect. |
| Salem | | receive your renewal notice, you CAN | | |
| Dayton | | cancel your policy at any time. | | Single Limit: Any insurance coverage |
| Toms River | | | | which is expressed as a single |
| Spokane | | Why not take advantage of current | | amount of insurance, or a single limit |
| Melbourne | | low prices? Many auto insurance | | of liability. Contrast with Split Limit. |
| Fayetteville | | consumers are becoming educated | | |
| Santa Ana | | on other companies, plans, and rates | | Dual Life Stock Company: A stock |
| Brooklyn | | that are available to them; ones that | | Life insurer issuing both participating |
| Oklahoma City | | could afford them significant savings | | and nonparticipating policy contracts. |
| Mesquite | | on their auto insurance. | | |
| Tempe | | | | Incurred Expense: Expenses not yet |
| Pittsburgh | | Individuals who have 30-year | | paid. Can also include paid |
| Irving | | mortgages might want to consider a | | expenses in some accounting |
| Louisville | | 30-year term to ensure that the house | | systems. |
| Orange Park | | is protected throughout the period of | | |
| Grand Prairie | | the loan. | | Independent Agent: An agent |
| Boca Raton | | | | operating as an independent |
| Columbia | | The quickest and easiest way to | | contractor under the independent |
| Hemet | | shop for new insurance is by | | agency system. |
| Dearborn | | comparing rates at InsWebs online | | |
| Lakeland | | marketplace. If you do it the | | Fictitious Groups: Groups formed |
| Midland | | old-fashioned way (by calling or | | primarily for the purpose of buying |
| Washington | | visiting multiple agents or insurance | | insurance. Under the law such groups |
| Manchester | | companies) it could take up a huge | | may not be underwritten. |
| Charlotte | | chunk of your time, which no one | | |
| Raleigh | | wants or needs. By completing | | Insurance to Value: Insurance written |
| Asheville | | InsWebs online application, you will | | in an amount approximating the value |
| Amarillo | | have rates to compare to your old | | of the property insured. |
| Spokane | | ones within minutes! | | |
