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| Fredericksburg | | While some companies raise their | | Losses Incurred: The total losses, |
| Grand Junction | | prices based on your actual age, | | whether paid or not, sustained by an |
| Jersey City | | most companies increase the price of | | insurer during a given period, e.g., 12 |
| Boca Raton | | their policies six months before your | | months. |
| Naples | | birthday. Its a term called Age | | |
| Mobile | | Nearest in the industry, and that | | Mandatory Valuation Reserve: A |
| Fremont | | half-year price increase could really | | reserve required by a state law to |
| Longmont | | add up over a 20-year term policy. As | | offset any declines in the valuation of |
| Thousand Oaks | | above, the quicker you purchase your | | securities listed as admitted assets. |
| Mobile | | policy the better. | | |
| Anchorage | | | | Inspection: Independent checking on |
| Mobile | | The best time to switch policies is | | facts about an applicant, |
| Springfield | | within one month of receiving your | | policyholder, or claimant, usually by a |
| Clinton Township | | policy renewal from your current | | commercial inspection agency. |
| Torrance | | insurer. You can typically cancel your | | |
| Denver | | policy without any fees or penalties if | | Gross Premium: The net premium |
| Malden | | you act within this time period. | | plus operating expenses, |
| Dothan | | | | commissions and other expenses. |
| Chicago | | Why not take advantage of current | | |
| Coral Springs | | low prices? Many auto insurance | | Submitted Business: Applications for |
| Schenectady | | consumers are becoming educated | | insurance submitted to an insurer but |
| Allentown | | on other companies, plans, and rates | | not yet acted upon by it. |
| Warwick | | that are available to them; ones that | | |
| Winter Haven | | could afford them significant savings | | Adjustment Bureau: A firm organized |
| Bloomington | | on their auto insurance. | | to provide adjustment services to |
| Bayside | | | | insurers not wishing to create their |
| Charlotte | | People who are trying to quit | | own claims division. |
| Pueblo | | smoking, for example, might be best | | |
| Sioux City | | suited purchasing a shorter term (and | | Cash Flow Underwriting: The use of |
| Cape Coral | | then replacing it with a longer term | | rating and premium collection |
| Kalamazoo | | policy when they qualify for | | techniques by insurance companies |
| Johnstown | | non-tobacco prices). | | to maximize interest earnings on |
| Clinton Township | | | | premiums. |
| Clearwater | | The quickest and easiest way to | | |
| Sumter | | shop for new insurance is by | | |
| Palm Desert | | comparing rates at InsWebs online | | |
| Huntsville | | marketplace. If you do it the | | |
| Fayetteville | | old-fashioned way (by calling or | | |
| Peoria | | visiting multiple agents or insurance | | |
| Oceanside | | companies) it could take up a huge | | |
| Flushing | | chunk of your time, which no one | | |
| Livonia | | wants or needs. By completing | | |
| Charlotte | | InsWebs online application, you will | | |
| Cape Coral | | have rates to compare to your old | | |
| Stamford | | ones within minutes! | | |
