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| Silver Spring | | The best time to switch policies is | | Adjustment Bureau: A firm organized |
| Modesto | | within one month of receiving your | | to provide adjustment services to |
| Portland | | policy renewal from your current | | insurers not wishing to create their |
| Dallas | | insurer. You can typically cancel your | | own claims division. |
| Fort Collins | | policy without any fees or penalties if | | |
| Quincy | | you act within this time period. | | Burning Ratio: The ratio of losses |
| Anderson | | | | suffered to the amount of insurance in |
| Chula Vista | | Make sure you have a new policy in | | effect. |
| Vero Beach | | place before you cancel your old one | | |
| Albany | | to avoid a lapse in coverage. This will | | Deductible: The portion of an insured |
| St. Louis | | also prevent having to figure out the | | loss to be borne by the insured |
| Portland | | amount of any unused premium that is | | before he is entitled to recovery from |
| Salem | | due to you from your old insurance | | the insurer. |
| Albany | | company, or having to spar with your | | |
| Walnut Creek | | agent about exactly when your policy | | Fiduciary: A person holding the funds |
| Colorado Springs | | was cancelled and how much they | | or property of another in a position of |
| Charlotte | | owe you. | | trust. An example would be the |
| Allentown | | | | executor of an estate. |
| Gainesville | | Shopping around is the best way to | | |
| Stuart | | save money on your insurance. | | Claim: A demand made by the |
| Flint | | | | insured, or the insured's beneficiary, |
| Tampa | | While some companies raise their | | for payment of the benefits provided |
| Bronx | | prices based on your actual age, | | by the contract. |
| Harlingen | | most companies increase the price of | | |
| Allentown | | their policies six months before your | | Mandatory Valuation Reserve: A |
| Richmond | | birthday. Its a term called Age | | reserve required by a state law to |
| El Cajon | | Nearest in the industry, and that | | offset any declines in the valuation of |
| Fall River | | half-year price increase could really | | securities listed as admitted assets. |
| Delray Beach | | add up over a 20-year term policy. As | | |
| Gainesville | | above, the quicker you purchase your | | FICA. Federal Insurance Contributions |
| Kalamazoo | | policy the better. | | Act: A law imposing a payroll tax to |
| Salem | | | | assist in funding Social Security |
| Fairfax | | If you decide to cancel your policy | | benefits. |
| Beaumont | | (after acquiring new coverage) | | |
| Buffalo | | outside of the 30-day period, you may | | |
| Ann Arbor | | have to pay a fee or penalty. | | |
| South Bend | | However, you may still save money | | |
| Lakewood | | after paying the fee if your new policy | | |
| Colorado Springs | | affords you significant savings. So | | |
| Belleville | | while it is best to wait until your | | |
| Florence | | receive your renewal notice, you CAN | | |
| Ocala | | cancel your policy at any time. | | |
