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| Fayetteville | | We offer quotes for auto insurance, | | Shock Loss: A catastrophic loss so |
| Council Bluffs | | life insurance, homeowners | | large that it has a material effect on |
| Alpharetta | | insurance, health insurance, term life | | the underwriting results of a company. |
| Oklahoma City | | insurance and more. | | |
| Spokane | | | | Initial Premium: An amount paid at the |
| Alameda | | At InsWeb, you can compare free | | inception of an insurance contract, |
| Clarksville | | online insurance quotes from many of | | usually subject to adjustment at the |
| Hendersonville | | the nations leading insurance | | end of the policy period. |
| Torrance | | companies. | | |
| Costa Mesa | | | | Gross Premium: The net premium |
| Los Angeles | | If you decide to cancel your policy | | plus operating expenses, |
| Columbia | | (after acquiring new coverage) | | commissions and other expenses. |
| Alpharetta | | outside of the 30-day period, you may | | |
| Flint | | have to pay a fee or penalty. | | Net Loss: The amount of loss |
| Vineland | | However, you may still save money | | sustained by an insurer after giving |
| Olympia | | after paying the fee if your new policy | | effect to all applicable reinsurance, |
| White Plains | | affords you significant savings. So | | salvage, and subrogation recoveries. |
| Hot Springs | | while it is best to wait until your | | |
| Los Angeles | | receive your renewal notice, you CAN | | Lapsed Policy: One which has been |
| Columbus | | cancel your policy at any time. | | allowed to expire because of |
| Jackson | | | | nonpayment of premiums. |
| Fairfax | | Healthy people have the best | | |
| Inglewood | | mortality risks and thus are much | | Valued: Relating to an agreement by |
| Ocala | | cheaper for companies to insure. This | | an insurer to pay a specified amount |
| Brooklyn | | translates into lower rates for the | | of money to or on behalf of the |
| Rapid City | | Super Preferred customer than | | insured upon occurrence of a defined |
| Denver | | someone with higher risk factors such | | loss. |
| Phoenix | | as a heart condition, cancer or | | |
| Macon | | diabetes. Conversely, if you were | | Policywriting Agent: An agent who has |
| West Chester | | unhealthy when you acquired your | | the authority to prepare and effect an |
| Springfield | | policy, and your health has now | | insurer's policy. |
| Milwaukee | | improved, it might be time to shop for | | |
| Gainesville | | a new policy, as your rates are likely | | Deductible: The portion of an insured |
| Ventura | | to be lower. | | loss to be borne by the insured |
| Reading | | | | before he is entitled to recovery from |
| Muskegon | | | | the insurer. |
