| | | | |
|
| Oklahoma City | | Shopping around is the best way to | | Flat Cancellation: A policy which is |
| Ventura | | save money on your insurance. | | cancelled upon its effective date. |
| Quincy | | | | Usually under a flat cancellation no |
| Honolulu | | Make sure you have a new policy in | | premium charge is made. |
| Alameda | | place before you cancel your old one | | |
| Athens | | to avoid a lapse in coverage. This will | | Monoline Policy: Any insurance |
| Arlington | | also prevent having to figure out the | | coverage written as a single line |
| Worcester | | amount of any unused premium that is | | policy. Contrast with Multiple Line or |
| Cranston | | due to you from your old insurance | | Package policy. |
| Erie | | company, or having to spar with your | | |
| New York | | agent about exactly when your policy | | Depreciation: A decrease in the value |
| Lowell | | was cancelled and how much they | | of any type of tangible property over |
| Trenton | | owe you. | | a period of time resulting from use, |
| Tacoma | | | | wear and tear, or obsolescence. |
| Tyler | | The best time to switch policies is | | |
| Rochester | | within one month of receiving your | | Exclusions: Specific situations, |
| Canton | | policy renewal from your current | | conditions, or circumstances that are |
| Pembroke Pines | | insurer. You can typically cancel your | | listed in the contract as being not |
| Akron | | policy without any fees or penalties if | | covered. |
| Hemet | | you act within this time period. | | |
| Nashua | | | | Mandatory Valuation Reserve: A |
| Longview | | The quickest and easiest way to | | reserve required by a state law to |
| Florissant | | shop for new insurance is by | | offset any declines in the valuation of |
| Salt Lake City | | comparing rates at InsWebs online | | securities listed as admitted assets. |
| Santa Ana | | marketplace. If you do it the | | |
| Muncie | | old-fashioned way (by calling or | | Partial Loss: A loss covered by an |
| Englewood | | visiting multiple agents or insurance | | insurance policy which does not |
| White Plains | | companies) it could take up a huge | | completely destroy or render |
| Lake Charles | | chunk of your time, which no one | | worthless the insured property. |
| Lansing | | wants or needs. By completing | | |
| Fullerton | | InsWebs online application, you will | | Partnership Entity: The partnership |
| Naperville | | have rates to compare to your old | | considered as an entity and not in |
| Zanesville | | ones within minutes! | | terms of its individual part-owners. |
