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| Sterling Heights | | The best time to switch policies is | | Professional Insurance Agents |
| Memphis | | within one month of receiving your | | Association: A trade association of |
| Fullerton | | policy renewal from your current | | mutual insurance agents. |
| Lorain | | insurer. You can typically cancel your | | |
| Berkeley | | policy without any fees or penalties if | | Initial Premium: An amount paid at the |
| Killeen | | you act within this time period. | | inception of an insurance contract, |
| Valdosta | | | | usually subject to adjustment at the |
| Tallahassee | | Make sure you have a new policy in | | end of the policy period. |
| Alexandria | | place before you cancel your old one | | |
| St. Joseph | | to avoid a lapse in coverage. This will | | Domestic Insurer (or Company): An |
| Alameda | | also prevent having to figure out the | | insurer formed under the laws of the |
| Chattanooga | | amount of any unused premium that is | | state in which the insurance is written. |
| Irving | | due to you from your old insurance | | |
| Dubuque | | company, or having to spar with your | | Losses Incurred: The total losses, |
| Delray Beach | | agent about exactly when your policy | | whether paid or not, sustained by an |
| Topeka | | was cancelled and how much they | | insurer during a given period, e.g., 12 |
| Tucson | | owe you. | | months. |