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| Vero Beach | | If you decide to cancel your policy | | Net Loss: The amount of loss |
| Montgomery | | (after acquiring new coverage) | | sustained by an insurer after giving |
| Roanoke | | outside of the 30-day period, you may | | effect to all applicable reinsurance, |
| Anchorage | | have to pay a fee or penalty. | | salvage, and subrogation recoveries. |
| Kansas City | | However, you may still save money | | |
| Miami | | after paying the fee if your new policy | | Accident: An unplanned event, |
| Vancouver | | affords you significant savings. So | | unexpected and undesigned, which |
| Scranton | | while it is best to wait until your | | occurs suddenly and at a definite |
| Ogden | | receive your renewal notice, you CAN | | place. |
| Louisville | | cancel your policy at any time. | | |
| El Cajon | | | | Agency Contract (or Agreement): The |
| Goldsboro | | Individuals who have 30-year | | document which establishes the legal |
| Cranston | | mortgages might want to consider a | | relationship between an agent and an |
| Montgomery | | 30-year term to ensure that the house | | insurer. |
| Little Rock | | is protected throughout the period of | | |
| Los Angeles | | the loan. | | Partnership: A business enterprise |
| Raleigh | | | | owned and operated by two or more |
| Huntington | | The quickest and easiest way to | | persons for the purpose of generating |
| Reno | | shop for new insurance is by | | business income and profits. |
| Tucson | | comparing rates at InsWebs online | | |
| Fort Wayne | | marketplace. If you do it the | | Mutualization: The process of |
| Winter Haven | | old-fashioned way (by calling or | | converting a stock insurer to a mutual |
| Gulfport | | visiting multiple agents or insurance | | insurer, accomplished by having the |
| Harrisburg | | companies) it could take up a huge | | insurer buy stock and retire it. |
| Allentown | | chunk of your time, which no one | | |
| Lansing | | wants or needs. By completing | | Gross Line: The total limit accepted |
| Houston | | InsWebs online application, you will | | by an insurer on an individual risk, |
| Riverside | | have rates to compare to your old | | including the amount to be reinsured. |
| Philadelphia | | ones within minutes! | | |
| Pueblo | | | | Exclusion: A contractual provision that |
| Santa Rosa | | If you have noticed that your auto | | denies coverage for certain perils, |
| Alpharetta | | insurance rates are still increasing | | persons, property, or locations. |
| Fall River | | with each renewal, or even have not | | |
| Harrisburg | | gone down even though you have a | | Line of Business: The classification of |
| Redlands | | great driving record, this lower pricing | | business as utilized in the insurance |
| Hot Springs | | trend makes it more important then | | industry, e.g., Fire, Allied Lines and |
| New York | | ever that you shop around for auto | | Homeowners. |
| Burbank | | insurance. | | |
