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| Johnstown | | Individuals who have 30-year | | Cut Rate: This term generally applies |
| Warwick | | mortgages might want to consider a | | to insurance companies who charge |
| Florissant | | 30-year term to ensure that the house | | premiums below a normal or average |
| Newburgh | | is protected throughout the period of | | rate. |
| Ogden | | the loan. | | |
| Corona | | | | Equity: The money value of an |
| Racine | | The best time to switch policies is | | insurance company that is over and |
| Fort Myers | | within one month of receiving your | | above its liabilities. Liabilities include |
| Lincoln | | policy renewal from your current | | almost all of its reserves. |
| Bloomington | | insurer. You can typically cancel your | | |
| Fredericksburg | | policy without any fees or penalties if | | Agency Contract (or Agreement): The |
| Monroe | | you act within this time period. | | document which establishes the legal |
| Davenport | | | | relationship between an agent and an |
| Santa Clara | | The quickest and easiest way to | | insurer. |
| Columbus | | shop for new insurance is by | | |
| Scranton | | comparing rates at InsWebs online | | Convention Values: Values assigned |
| Harlingen | | marketplace. If you do it the | | to insurers' assets in the convention |
| Richmond | | old-fashioned way (by calling or | | blank. |
| Bronx | | visiting multiple agents or insurance | | |
| Des Moines | | companies) it could take up a huge | | Underwriters Laboratories, Inc. (UL): A |
| Independence | | chunk of your time, which no one | | testing laboratory for manufactured |
| Johnstown | | wants or needs. By completing | | items to determine their safety |
| Belleville | | InsWebs online application, you will | | propensities. |
| Columbus | | have rates to compare to your old | | |
| Birmingham | | ones within minutes! | | Replacement: A new policy written to |
| Sioux Falls | | | | take the place of one currently in force. |
| Carlsbad | | While some companies raise their | | |
| Gulfport | | prices based on your actual age, | | Insurance to Value: Insurance written |
| Hemet | | most companies increase the price of | | in an amount approximating the value |
| Tacoma | | their policies six months before your | | of the property insured. |
| Denton | | birthday. Its a term called Age | | |
| Greenville | | Nearest in the industry, and that | | Brokerage Department: A department |
| Newark | | half-year price increase could really | | of an insurer whose purpose is to |
| Williamsburg | | add up over a 20-year term policy. As | | deal with brokers in the placing of |
| Spartanburg | | above, the quicker you purchase your | | insurance. |
| Westbury | | policy the better. | | |
