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| Brooklyn | | Individuals who have 30-year | | Losses Incurred: The total losses, |
| Washington | | mortgages might want to consider a | | whether paid or not, sustained by an |
| Pompano Beach | | 30-year term to ensure that the house | | insurer during a given period, e.g., 12 |
| Cape Coral | | is protected throughout the period of | | months. |
| Santa Ana | | the loan. | | |
| Orlando | | | | Collusion: An agreement, usually |
| Wilmington | | Why not take advantage of current | | secret, between two or more persons |
| Norwalk | | low prices? Many auto insurance | | to defraud or deprive another or |
| Englewood | | consumers are becoming educated | | others of their property or rights. |
| Cedar Rapids | | on other companies, plans, and rates | | |
| Fort Lauderdale | | that are available to them; ones that | | Exclusions: Specific situations, |
| Honolulu | | could afford them significant savings | | conditions, or circumstances that are |
| Boynton Beach | | on their auto insurance. | | listed in the contract as being not |
| Cranston | | | | covered. |
| South Bend | | While some companies raise their | | |
| Johnstown | | prices based on your actual age, | | Countersignature: The signature of a |
| Carlsbad | | most companies increase the price of | | licensed agent or representative on a |
| Long Beach | | their policies six months before your | | policy. |
| Charleston | | birthday. Its a term called Age | | |
| Portland | | Nearest in the industry, and that | | Burning Ratio: The ratio of losses |
| Longview | | half-year price increase could really | | suffered to the amount of insurance in |
| Glendale | | add up over a 20-year term policy. As | | effect. |
| Minneapolis | | above, the quicker you purchase your | | |
| West Palm Beach | | policy the better. | | Shock Loss: A catastrophic loss so |
| Stockbridge | | | | large that it has a material effect on |
| Santa Rosa | | Make sure you have a new policy in | | the underwriting results of a company. |
| Florence | | place before you cancel your old one | | |
| Racine | | to avoid a lapse in coverage. This will | | Renewal: The reestablishment of the |
| Bloomington | | also prevent having to figure out the | | in-force status of a policy, the term of |
| Vancouver | | amount of any unused premium that is | | which has expired or will expire |
| Hendersonville | | due to you from your old insurance | | unless it is renewed. |
| Scranton | | company, or having to spar with your | | |
| Jackson | | agent about exactly when your policy | | Agency Contract (or Agreement): The |
| Ventura | | was cancelled and how much they | | document which establishes the legal |
| Vineland | | owe you. | | relationship between an agent and an |
| Plano | | | | insurer. |
