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| Wichita | | Everyone has different needs, and | | Claim Expense: The expense of |
| Reno | | not one size fits all when it comes to | | adjusting a claim, such as |
| Huntington Beach | | term life insurance. While it may make | | investigation and attorneys' fees. It |
| Santa Rosa | | sense for people in their 30s and 40s | | does not include the cost of the claim |
| Cedar Rapids | | to secure a 20-year term length, a | | itself. |
| Lubbock | | 10-year term might be more | | |
| Zanesville | | appropriate for someone nearing | | Time Limits: The limits of time within |
| Naperville | | retirement. | | which notice of a claim and proof of a |
| Whittier | | | | loss must be submitted. |
| Oxnard | | Shopping around is the best way to | | |
| Alameda | | save money on your insurance. | | Monoline Policy: Any insurance |
| Boca Raton | | | | coverage written as a single line |
| Olympia | | Make sure you have a new policy in | | policy. Contrast with Multiple Line or |
| Myrtle Beach | | place before you cancel your old one | | Package policy. |
| Olympia | | to avoid a lapse in coverage. This will | | |
| Bethlehem | | also prevent having to figure out the | | Losses Incurred: The total losses, |
| Colorado Springs | | amount of any unused premium that is | | whether paid or not, sustained by an |
| Lorain | | due to you from your old insurance | | insurer during a given period, e.g., 12 |
| Athens | | company, or having to spar with your | | months. |
| Stamford | | agent about exactly when your policy | | |
| Harrisburg | | was cancelled and how much they | | Mandatory Valuation Reserve: A |
| Rochester | | owe you. | | reserve required by a state law to |
| Spokane | | | | offset any declines in the valuation of |
| Pittsburgh | | If you have noticed that your auto | | securities listed as admitted assets. |
| Arlington | | insurance rates are still increasing | | |
| Pensacola | | with each renewal, or even have not | | Appraisal: An evaluation of property |
| Chicago | | gone down even though you have a | | made to ascertain either the |
| Evanston | | great driving record, this lower pricing | | appropriate amount of insurance to |
| St. Paul | | trend makes it more important then | | be written or the amount of loss to be |
| Carlsbad | | ever that you shop around for auto | | paid. |
| Vancouver | | insurance. | | |
| Cherry Hill | | | | Agency: An insurance sales office |
| Jackson | | While some companies raise their | | which is directed by a agent, |
| Silver Spring | | prices based on your actual age, | | manager, independent agent, or |
| Tacoma | | most companies increase the price of | | company manager. |
| Davenport | | their policies six months before your | | |
| Bay City | | birthday. Its a term called Age | | |
| Montgomery | | Nearest in the industry, and that | | |
| Tempe | | half-year price increase could really | | |
| Williamsburg | | add up over a 20-year term policy. As | | |
| Modesto | | above, the quicker you purchase your | | |
| Mesquite | | policy the better. | | |
