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| Chandler | | While some companies raise their | | New For Old: Replacing old |
| Lakewood | | prices based on your actual age, | | damaged parts or equipment with |
| Nashua | | most companies increase the price of | | new ones rather than repairing them. |
| Beaumont | | their policies six months before your | | |
| Orange | | birthday. Its a term called Age | | Professional Insurance Agents |
| Irving | | Nearest in the industry, and that | | Association: A trade association of |
| Sterling Heights | | half-year price increase could really | | mutual insurance agents. |
| Greenville | | add up over a 20-year term policy. As | | |
| York | | above, the quicker you purchase your | | Incurred Expense: Expenses not yet |
| Fresno | | policy the better. | | paid. Can also include paid |
| Lafayette | | | | expenses in some accounting |
| Beaumont | | The quickest and easiest way to | | systems. |
| Olympia | | shop for new insurance is by | | |
| Conroe | | comparing rates at InsWebs online | | Equity: The money value of an |
| Dearborn | | marketplace. If you do it the | | insurance company that is over and |
| Longview | | old-fashioned way (by calling or | | above its liabilities. Liabilities include |
| Oceanside | | visiting multiple agents or insurance | | almost all of its reserves. |
| Boca Raton | | companies) it could take up a huge | | |
| Zanesville | | chunk of your time, which no one | | Overlapping Insurance: Coverage |
| Tampa | | wants or needs. By completing | | from two or more policies or insurers |
| Springfield | | InsWebs online application, you will | | which duplicates coverage of certain |
| Miami | | have rates to compare to your old | | risks. |
| Grand Junction | | ones within minutes! | | |
| Amarillo | | | | Coding: A method of putting |
| Ocala | | Healthy people have the best | | information into a numerical form for |
| Jacksonville | | mortality risks and thus are much | | statistical use. Most information on |
| Mountain View | | cheaper for companies to insure. This | | policies is coded and then put into |
| Jonesboro | | translates into lower rates for the | | reports. |
| Olympia | | Super Preferred customer than | | |
| St. Louis | | someone with higher risk factors such | | Nonassignable: A policy that the |
| Pembroke Pines | | as a heart condition, cancer or | | owner cannot assign to a third party. |
| Zanesville | | diabetes. Conversely, if you were | | Most policies are nonassignable |
| Goldsboro | | unhealthy when you acquired your | | unless approval is given by the |
| Huntsville | | policy, and your health has now | | insurer. |
| Whittier | | improved, it might be time to shop for | | |
| Stockbridge | | a new policy, as your rates are likely | | |
| Decatur | | to be lower. | | |
