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| Wilmington | | While some companies raise their | | Legislative Risk: A risk faced by |
| Kansas City | | prices based on your actual age, | | investors whereby changes in tax |
| Chula Vista | | most companies increase the price of | | laws can result in adverse effects on |
| Lakewood | | their policies six months before your | | the individual's investment results. |
| Charleston | | birthday. Its a term called Age | | |
| Hickory | | Nearest in the industry, and that | | Leasehold: An agreement which |
| Columbia | | half-year price increase could really | | gives a person the right to use and |
| Boulder | | add up over a 20-year term policy. As | | occupy property. |
| Buffalo | | above, the quicker you purchase your | | |
| Clinton Township | | policy the better. | | Accident Year Experience: Measures |
| Billings | | | | premiums and losses relating to |
| Lima | | Individuals who have 30-year | | accidents which occurred during a |
| Milwaukee | | mortgages might want to consider a | | 12-month period. |
| Asheville | | 30-year term to ensure that the house | | |
| Grand Prairie | | is protected throughout the period of | | Gross Line: The total limit accepted |
| Mansfield | | the loan. | | by an insurer on an individual risk, |
| Detroit | | | | including the amount to be reinsured. |
| Ann Arbor | | Healthy people have the best | | |
| Rome | | mortality risks and thus are much | | Net Loss: The amount of loss |
| Buffalo | | cheaper for companies to insure. This | | sustained by an insurer after giving |
| Chicago | | translates into lower rates for the | | effect to all applicable reinsurance, |
| Ann Arbor | | Super Preferred customer than | | salvage, and subrogation recoveries. |
| Albuquerque | | someone with higher risk factors such | | |
| Lakewood | | as a heart condition, cancer or | | Insurance to Value: Insurance written |
| Colorado Springs | | diabetes. Conversely, if you were | | in an amount approximating the value |
| Cookeville | | unhealthy when you acquired your | | of the property insured. |
| Newark | | policy, and your health has now | | |
| San Bernardino | | improved, it might be time to shop for | | Retrospective Premium: The final |
| Lafayette | | a new policy, as your rates are likely | | premium in a retrospective rating |
| Columbus | | to be lower. | | plan. See Retrospective Rating. |
