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| Myrtle Beach | | Make sure you have a new policy in | | Adjustment Bureau: A firm organized |
| Santa Rosa | | place before you cancel your old one | | to provide adjustment services to |
| Fort Collins | | to avoid a lapse in coverage. This will | | insurers not wishing to create their |
| Lawrenceville | | also prevent having to figure out the | | own claims division. |
| Cape Coral | | amount of any unused premium that is | | |
| Bloomington | | due to you from your old insurance | | Mutualization: The process of |
| Lowell | | company, or having to spar with your | | converting a stock insurer to a mutual |
| Grand Rapids | | agent about exactly when your policy | | insurer, accomplished by having the |
| Bronx | | was cancelled and how much they | | insurer buy stock and retire it. |
| Lorain | | owe you. | | |
| Long Island City | | | | Agent's Qualification Law: Education, |
| Trenton | | The best time to switch policies is | | experience, and other requirements |
| Hattiesburg | | within one month of receiving your | | imposed by the state upon persons |
| Council Bluffs | | policy renewal from your current | | desiring to be licensed as agents. |
| Staten Island | | insurer. You can typically cancel your | | |
| Mountain View | | policy without any fees or penalties if | | Malicious Mischief: Similar to |
| Duluth | | you act within this time period. | | vandalism. Purposely damaging the |
| Westbury | | | | rights or property of another. |
| New York | | Why not take advantage of current | | |
| Southfield | | low prices? Many auto insurance | | Book Value: Refers to the value of |
| Akron | | consumers are becoming educated | | assets as shown in the official |
| Huntsville | | on other companies, plans, and rates | | accounting records of the company. |
| Torrance | | that are available to them; ones that | | |
| Savannah | | could afford them significant savings | | Inspection: Independent checking on |
| Cherry Hill | | on their auto insurance. | | facts about an applicant, |
| Albany | | | | policyholder, or claimant, usually by a |
| Santa Monica | | Everyone has different needs, and | | commercial inspection agency. |
| Green Bay | | not one size fits all when it comes to | | |
| Bloomington | | term life insurance. While it may make | | Claim Report: A report filed by an |
| Springfield | | sense for people in their 30s and 40s | | agent setting forth the facts of a claim. |
| Palm Harbor | | to secure a 20-year term length, a | | Same as Loss Report. |
| St. Paul | | 10-year term might be more | | |
| Turlock | | appropriate for someone nearing | | Depreciation: A decrease in the value |
| Greensboro | | retirement. | | of any type of tangible property over |
| Longwood | | | | a period of time resulting from use, |
| North Hollywood | | | | wear and tear, or obsolescence. |
