| | | | |
|
| Fort Myers | | Make sure you have a new policy in | | Standard Industry Code (SIC): This is |
| Fairfax | | place before you cancel your old one | | a coding system which assigns |
| Edison | | to avoid a lapse in coverage. This will | | separate codes for different types of |
| Pasadena | | also prevent having to figure out the | | industries. |
| Stuart | | amount of any unused premium that is | | |
| Arlington | | due to you from your old insurance | | Will Ride: Coverage that remains in |
| Minneapolis | | company, or having to spar with your | | effect regardless of the geographical |
| Troy | | agent about exactly when your policy | | location in which a loss occurs. |
| Panama City | | was cancelled and how much they | | |
| Los Angeles | | owe you. | | Submitted Business: Applications for |
| Walnut Creek | | | | insurance submitted to an insurer but |
| Slidell | | If you have noticed that your auto | | not yet acted upon by it. |
| Wichita Falls | | insurance rates are still increasing | | |
| Kansas City | | with each renewal, or even have not | | Claim Expense: The expense of |
| Providence | | gone down even though you have a | | adjusting a claim, such as |
| Independence | | great driving record, this lower pricing | | investigation and attorneys' fees. It |
| Springfield | | trend makes it more important then | | does not include the cost of the claim |
| Bloomington | | ever that you shop around for auto | | itself. |
| Indianapolis | | insurance. | | |
| Pueblo | | | | Agent's Balance: A periodic |
| Long Beach | | Life insurance, specifically Term Life, | | statement of the sums due and owed |
| Coral Springs | | is arguably one of the best values in | | to an agent under the agent's contract |
| Panama City | | the entire financial services arena. | | with an insurer. |
| Cranston | | Where else can you go and get | | |
| Las Cruces | | hundreds of thousands of dollars in | | Multi-Peril Policies: Policies which |
| Modesto | | protection for literally pennies per | | cover a number of perils, such as fire, |
| Midland | | day? Rates for Term Life insurance | | burglary, and liability, in a single |
| Naples | | remain at all-time lows, and now is the | | contract. |
| Winter Park | | time to lock in the best prices. | | |
| Wichita Falls | | | | Valuation Clause: A clause stating the |
| Naperville | | Healthy people have the best | | value of items for insurance |
| Flint | | mortality risks and thus are much | | purposes, making it a valued policy. |
| Fayetteville | | cheaper for companies to insure. This | | |
| Irving | | translates into lower rates for the | | Underinsurance: A condition in which |
| Littleton | | Super Preferred customer than | | not enough insurance is carried to |
| Albuquerque | | someone with higher risk factors such | | cover the insurable value. |
| South Bend | | as a heart condition, cancer or | | |
| Goldsboro | | diabetes. Conversely, if you were | | |
| Thousand Oaks | | unhealthy when you acquired your | | |
| Modesto | | policy, and your health has now | | |
| New Port Richey | | improved, it might be time to shop for | | |
| Sioux City | | a new policy, as your rates are likely | | |
| Wilmington | | to be lower. | | |
