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| Plano | | While some companies raise their | | New For Old: Replacing old |
| Santa Clara | | prices based on your actual age, | | damaged parts or equipment with |
| Long Beach | | most companies increase the price of | | new ones rather than repairing them. |
| Springfield | | their policies six months before your | | |
| Newport Beach | | birthday. Its a term called Age | | Policy Period (or Term): The period |
| Macon | | Nearest in the industry, and that | | during which the policy contract |
| Columbia | | half-year price increase could really | | affords protection, e.g., six months or |
| Bay City | | add up over a 20-year term policy. As | | one or three years. |
| Chula Vista | | above, the quicker you purchase your | | |
| Rochester | | policy the better. | | Line of Business: The classification of |
| Raleigh | | | | business as utilized in the insurance |
| Honolulu | | Make sure you have a new policy in | | industry, e.g., Fire, Allied Lines and |
| Wilmington | | place before you cancel your old one | | Homeowners. |
| Owensboro | | to avoid a lapse in coverage. This will | | |
| Garland | | also prevent having to figure out the | | Borderline Risk: An insurance |
| Tucson | | amount of any unused premium that is | | prospect of doubtful quality from an |
| Phoenix | | due to you from your old insurance | | underwriting point of view. |
| Columbia | | company, or having to spar with your | | |
| Anaheim | | agent about exactly when your policy | | Capital Sum: The maximum lump sum |
| Venice | | was cancelled and how much they | | payable in the event of accidental |
| Honolulu | | owe you. | | death or dismemberment. |
