| | | | |
|
| Lafayette | | While some companies raise their | | Approved Roof: A term used in |
| Hattiesburg | | prices based on your actual age, | | building construction. It indicates a |
| Glendale | | most companies increase the price of | | roof made of fire-resistive materials, |
| Winter Haven | | their policies six months before your | | such as tile or asphalt shingles. |
| Longwood | | birthday. Its a term called Age | | |
| Macon | | Nearest in the industry, and that | | Underwriters Laboratories, Inc. (UL): A |
| Pompano Beach | | half-year price increase could really | | testing laboratory for manufactured |
| San Antonio | | add up over a 20-year term policy. As | | items to determine their safety |
| Goldsboro | | above, the quicker you purchase your | | propensities. |
| Alameda | | policy the better. | | |
| Fairfax | | | | Domestic Insurer (or Company): An |
| Akron | | If you decide to cancel your policy | | insurer formed under the laws of the |
| San Antonio | | (after acquiring new coverage) | | state in which the insurance is written. |
| Sunnyvale | | outside of the 30-day period, you may | | |
| Harrisburg | | have to pay a fee or penalty. | | Underinsurance: A condition in which |
| Myrtle Beach | | However, you may still save money | | not enough insurance is carried to |
| Dubuque | | after paying the fee if your new policy | | cover the insurable value. |
| Ann Arbor | | affords you significant savings. So | | |
| Pueblo | | while it is best to wait until your | | Liabilities: Money owed or expected |
| Sacramento | | receive your renewal notice, you CAN | | to be owed. Insurance company |
| Coral Springs | | cancel your policy at any time. | | financial statements, for instance, |
| Harlingen | | | | show assets and liabilities. |
| Scottsdale | | Why not take advantage of current | | |
| North Hollywood | | low prices? Many auto insurance | | Paid-In Surplus: Surplus paid in by |
| Virginia Beach | | consumers are becoming educated | | stockholders, as contrasted with |
| Honolulu | | on other companies, plans, and rates | | surplus earned through the |
| Elkhart | | that are available to them; ones that | | operations of a business. |
| South Bend | | could afford them significant savings | | |
| York | | on their auto insurance. | | Coding: A method of putting |
| Stockbridge | | | | information into a numerical form for |
| Vero Beach | | Healthy people have the best | | statistical use. Most information on |
| Bayside | | mortality risks and thus are much | | policies is coded and then put into |
| West Chester | | cheaper for companies to insure. This | | reports. |
| Naperville | | translates into lower rates for the | | |
| Orlando | | Super Preferred customer than | | |
| Belleville | | someone with higher risk factors such | | |
| Omaha | | as a heart condition, cancer or | | |
| West Chester | | diabetes. Conversely, if you were | | |
| Muncie | | unhealthy when you acquired your | | |
| Albany | | policy, and your health has now | | |
| Livonia | | improved, it might be time to shop for | | |
| Anderson | | a new policy, as your rates are likely | | |
| Reno | | to be lower. | | |
