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| Rockford | | While some companies raise their | | Interstate Carrier: A transportation |
| Acworth | | prices based on your actual age, | | company which does business |
| Tucson | | most companies increase the price of | | across state lines. |
| Tacoma | | their policies six months before your | | |
| Decatur | | birthday. Its a term called Age | | Endorsement: A written or printed form |
| Lafayette | | Nearest in the industry, and that | | attached to the policy which alters |
| Orlando | | half-year price increase could really | | provisions of the contract. |
| Gaithersburg | | add up over a 20-year term policy. As | | |
| Baltimore | | above, the quicker you purchase your | | Nonadmitted Insurer: An insurer not |
| Charleston | | policy the better. | | licensed to do business in the |
| Pompano Beach | | | | jurisdiction in question. Same as |
| Burbank | | If you decide to cancel your policy | | Unauthorized Insurer and Unlicensed |
| Duluth | | (after acquiring new coverage) | | Insurer. |
| Boulder | | outside of the 30-day period, you may | | |
| Irving | | have to pay a fee or penalty. | | Preferred Risk: Any risk considered |
| Williamsburg | | However, you may still save money | | to be better than the standard risk on |
| Decatur | | after paying the fee if your new policy | | which the premium rate was |
| Gainesville | | affords you significant savings. So | | calculated. |
| Houma | | while it is best to wait until your | | |
| Jacksonville | | receive your renewal notice, you CAN | | Equity: The money value of an |
| Goldsboro | | cancel your policy at any time. | | insurance company that is over and |
| Kansas City | | | | above its liabilities. Liabilities include |
| Cape Coral | | Everyone has different needs, and | | almost all of its reserves. |
| Duluth | | not one size fits all when it comes to | | |
| Livonia | | term life insurance. While it may make | | Open Rating: A system whereby a |
| Pasadena | | sense for people in their 30s and 40s | | state allows an insurer to use rates |
| Edison | | to secure a 20-year term length, a | | without prior approval. |
| Albuquerque | | 10-year term might be more | | |
| Seattle | | appropriate for someone nearing | | Buy-Back" Deductible: A deductible |
| Elkhart | | retirement. | | which may be eliminated for an |
| Inglewood | | | | additional premium in order to |
| Abilene | | Why not take advantage of current | | provide "first-dollar" coverage. |
| Grand Rapids | | low prices? Many auto insurance | | |
| Birmingham | | consumers are becoming educated | | Indemnify: To restore the victim of a |
| Thousand Oaks | | on other companies, plans, and rates | | loss to the same position as before |
| Staten Island | | that are available to them; ones that | | the loss occurred. |
| Louisville | | could afford them significant savings | | |
| Monroe | | on their auto insurance. | | |
