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| Portland | | While some companies raise their | | Gain and Loss Exhibit: The portion of |
| Anchorage | | prices based on your actual age, | | the convention blank which |
| Newport News | | most companies increase the price of | | represents an analysis of gains, |
| Ocala | | their policies six months before your | | losses, and surplus during an |
| Baltimore | | birthday. Its a term called Age | | accounting period. |
| Cape Coral | | Nearest in the industry, and that | | |
| Kalamazoo | | half-year price increase could really | | Tabular Plan: A retrospective rating |
| Cambridge | | add up over a 20-year term policy. As | | plan, which uses tables to furnish the |
| Warwick | | above, the quicker you purchase your | | various values for the rating formula. |
| Biloxi | | policy the better. | | |
| Hattiesburg | | | | Deductible: The portion of an insured |
| Rochester | | Why not take advantage of current | | loss to be borne by the insured |
| Anderson | | low prices? Many auto insurance | | before he is entitled to recovery from |
| Birmingham | | consumers are becoming educated | | the insurer. |
| Corpus Christi | | on other companies, plans, and rates | | |
| Carlsbad | | that are available to them; ones that | | Initial Premium: An amount paid at the |
| Grand Junction | | could afford them significant savings | | inception of an insurance contract, |
| Naples | | on their auto insurance. | | usually subject to adjustment at the |
| Knoxville | | | | end of the policy period. |
| Charlotte | | Shopping around is the best way to | | |
| Louisville | | save money on your insurance. | | Retail Credit Company: The former |
| Bronx | | | | name of Equifax, a credit reporting |
| Mansfield | | The quickest and easiest way to | | organization. See Equifax. |
| Flushing | | shop for new insurance is by | | |
| Palm Desert | | comparing rates at InsWebs online | | Book Value: Refers to the value of |
| Warwick | | marketplace. If you do it the | | assets as shown in the official |
| Santa Monica | | old-fashioned way (by calling or | | accounting records of the company. |
| Joliet | | visiting multiple agents or insurance | | |
| Duluth | | companies) it could take up a huge | | Tickler: A reminder system used to |
| Tuscaloosa | | chunk of your time, which no one | | call an individual's attention to actions |
| Riverside | | wants or needs. By completing | | that must be taken at a future point in |
| Sioux City | | InsWebs online application, you will | | time. |
| White Plains | | have rates to compare to your old | | |
| Lorain | | ones within minutes! | | Policy Period (or Term): The period |
| Green Bay | | | | during which the policy contract |
| Belleville | | | | affords protection, e.g., six months or |
| Salem | | | | one or three years. |
