| | | | |
|
| Allentown | | Shopping around is the best way to | | Brokerage Department: A department |
| Alpharetta | | save money on your insurance. | | of an insurer whose purpose is to |
| Erie | | | | deal with brokers in the placing of |
| Dearborn | | The best time to switch policies is | | insurance. |
| Canton | | within one month of receiving your | | |
| Glendale | | policy renewal from your current | | Time Limits: The limits of time within |
| Stockbridge | | insurer. You can typically cancel your | | which notice of a claim and proof of a |
| Stuart | | policy without any fees or penalties if | | loss must be submitted. |
| Killeen | | you act within this time period. | | |
| Tucson | | | | First Party Insurance: Insurance which |
| Rome | | If you decide to cancel your policy | | applies to coverage for the insured's |
| Youngstown | | (after acquiring new coverage) | | own property or person. Contrast with |
| Ventura | | outside of the 30-day period, you may | | Third Party Insurance. |
| Biloxi | | have to pay a fee or penalty. | | |
| Williamsburg | | However, you may still save money | | Provisions: Statements contained in |
| Canton | | after paying the fee if your new policy | | an insurance policy which explain the |
| Vancouver | | affords you significant savings. So | | benefits, conditions and other |
| Huntington | | while it is best to wait until your | | features of the insurance contract. |
| Jonesboro | | receive your renewal notice, you CAN | | |
| Sacramento | | cancel your policy at any time. | | Multi-Peril Policies: Policies which |
| White Plains | | | | cover a number of perils, such as fire, |
| Glendale | | People who are trying to quit | | burglary, and liability, in a single |
| Colorado Springs | | smoking, for example, might be best | | contract. |
| Harrisburg | | suited purchasing a shorter term (and | | |
| Arlington | | then replacing it with a longer term | | Equity: The money value of an |
| Oklahoma City | | policy when they qualify for | | insurance company that is over and |
| Jacksonville | | non-tobacco prices). | | above its liabilities. Liabilities include |
| Orange Park | | | | almost all of its reserves. |
| Yonkers | | Individuals who have 30-year | | |
| Charlotte | | mortgages might want to consider a | | Agent's Balance: A periodic |
| Bloomington | | 30-year term to ensure that the house | | statement of the sums due and owed |
| Greeley | | is protected throughout the period of | | to an agent under the agent's contract |
| El Cajon | | the loan. | | with an insurer. |
