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| Sarasota | | The best time to switch policies is | | Shock Loss: A catastrophic loss so |
| Little Rock | | within one month of receiving your | | large that it has a material effect on |
| Bayside | | policy renewal from your current | | the underwriting results of a company. |
| Edmond | | insurer. You can typically cancel your | | |
| Jacksonville | | policy without any fees or penalties if | | Agent's Balance: A periodic |
| Palm Desert | | you act within this time period. | | statement of the sums due and owed |
| Harlingen | | | | to an agent under the agent's contract |
| Stockbridge | | If you decide to cancel your policy | | with an insurer. |
| Naples | | (after acquiring new coverage) | | |
| Gainesville | | outside of the 30-day period, you may | | Net Interest Earned: The average |
| Palm Desert | | have to pay a fee or penalty. | | interest earned by an insurer on its |
| Corona | | However, you may still save money | | investments after investment expense |
| Hot Springs | | after paying the fee if your new policy | | but before federal income taxes. |
| Green Bay | | affords you significant savings. So | | |
| Quincy | | while it is best to wait until your | | Deflation: An economic period |
| White Plains | | receive your renewal notice, you CAN | | characterized by falling prices, high |
| Providence | | cancel your policy at any time. | | unemployment and a generally |
| Cape Coral | | | | sluggish or slow economy. |
| Memphis | | At InsWeb, you can compare free | | |
| Longwood | | online insurance quotes from many of | | Depreciation: A decrease in the value |
| Livonia | | the nations leading insurance | | of any type of tangible property over |
| Monroe | | companies. | | a period of time resulting from use, |
| Newburgh | | | | wear and tear, or obsolescence. |
| Mobile | | While some companies raise their | | |
| Greensboro | | prices based on your actual age, | | Nonassignable: A policy that the |
| Wichita | | most companies increase the price of | | owner cannot assign to a third party. |
| Goldsboro | | their policies six months before your | | Most policies are nonassignable |
| Cypress | | birthday. Its a term called Age | | unless approval is given by the |
| Longmont | | Nearest in the industry, and that | | insurer. |
| Bayside | | half-year price increase could really | | |
| Roanoke | | add up over a 20-year term policy. As | | Loss Frequency: The number of times |
| Ventura | | above, the quicker you purchase your | | a loss occurs over a specific period |
| Shreveport | | policy the better. | | of time. |
